Royal Gold, Inc. (NASDAQ:RGLD) Stake Raised by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,349 shares of the basic materials company’s stock after purchasing an additional 967 shares during the period. Wellington Management Group LLP owned approximately 0.07% of Royal Gold worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Royal Gold by 0.6% during the fourth quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock valued at $988,149,000 after purchasing an additional 47,807 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 0.5% in the fourth quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock worth $520,536,000 after buying an additional 22,701 shares during the period. First Eagle Investment Management LLC increased its position in shares of Royal Gold by 1.0% in the fourth quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock worth $443,581,000 after acquiring an additional 37,885 shares in the last quarter. Kopernik Global Investors LLC raised its holdings in shares of Royal Gold by 12.3% during the fourth quarter. Kopernik Global Investors LLC now owns 671,723 shares of the basic materials company’s stock valued at $81,252,000 after acquiring an additional 73,642 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Royal Gold by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 591,132 shares of the basic materials company’s stock valued at $71,507,000 after acquiring an additional 20,443 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RGLD shares. Bank of America lifted their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday. BMO Capital Markets upped their price target on Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Scotiabank raised their price objective on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.25.

Royal Gold Price Performance

RGLD opened at $125.16 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $134.56. The stock has a fifty day moving average price of $125.55 and a 200 day moving average price of $119.29. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 1.04 and a beta of 0.91.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The firm had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. During the same period in the previous year, the firm posted $0.96 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. Analysts forecast that Royal Gold, Inc. will post 4.56 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Royal Gold’s dividend payout ratio (DPR) is 47.20%.

Insider Activity

In related news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the sale, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

About Royal Gold

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.