Charles Schwab Investment Management Inc. Boosts Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Charles Schwab Investment Management Inc. lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,207 shares of the basic materials company’s stock after buying an additional 5,067 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.74% of Royal Gold worth $63,843,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold in the 4th quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new position in Royal Gold during the 3rd quarter worth $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold during the 3rd quarter worth $38,000. Nomura Asset Management Co. Ltd. grew its position in Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold during the 4th quarter worth $42,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Down 0.3 %

Shares of NASDAQ RGLD opened at $153.40 on Thursday. Royal Gold, Inc. has a 52 week low of $107.33 and a 52 week high of $157.67. The firm has a 50-day moving average price of $143.06 and a 200 day moving average price of $143.09. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.86.

Royal Gold 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.