Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,927 shares of the basic materials company’s stock after purchasing an additional 941 shares during the period. Royal Gold makes up approximately 3.0% of Euro Pacific Asset Management LLC’s holdings, making the stock its 12th biggest holding. Euro Pacific Asset Management LLC’s holdings in Royal Gold were worth $14,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Royal Gold during the 4th quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Gold in the 4th quarter valued at $31,000. Quarry LP acquired a new stake in Royal Gold in the 2nd quarter valued at $31,000. BKM Wealth Management LLC acquired a new stake in Royal Gold in the 4th quarter valued at $36,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in Royal Gold in the 3rd quarter valued at $36,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Down 1.2 %

Shares of RGLD stock traded down $1.46 during trading hours on Thursday, hitting $121.54. 255,394 shares of the company were exchanged, compared to its average volume of 428,878. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82. The business’s 50-day simple moving average is $113.32 and its two-hundred day simple moving average is $114.09. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 6.20 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business had revenue of $152.70 million for the quarter, compared to analysts’ expectations of $140.32 million. During the same quarter last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 4.34 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.40 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Royal Gold’s payout ratio is currently 43.96%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the completion of the transaction, the vice president now directly owns 9,473 shares in the company, valued at $986,897.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target for the company. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $158.00 in a research report on Wednesday, March 27th. Finally, Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.67.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.