IFP Advisors Inc Buys 158 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

IFP Advisors Inc boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 66.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395 shares of the basic materials company’s stock after purchasing an additional 158 shares during the period. IFP Advisors Inc’s holdings in Royal Gold were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Bank of Montreal Can lifted its position in Royal Gold by 187.5% during the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after purchasing an additional 83,015 shares during the period. Swedbank AB bought a new position in Royal Gold during the third quarter valued at approximately $11,246,000. FMR LLC lifted its position in Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after purchasing an additional 46,615 shares during the period. Ieq Capital LLC raised its position in Royal Gold by 711.9% in the fourth quarter. Ieq Capital LLC now owns 42,298 shares of the basic materials company’s stock worth $5,577,000 after acquiring an additional 37,088 shares during the period. Finally, Geode Capital Management LLC raised its position in Royal Gold by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after acquiring an additional 33,151 shares during the period. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Raymond James increased their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. TD Securities increased their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.86.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $150.18 on Friday. The firm has a fifty day moving average price of $141.48 and a 200-day moving average price of $142.70. The stock has a market cap of $9.88 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1 year low of $107.33 and a 1 year high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.20%. Royal Gold’s payout ratio is 35.71%.

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.