Royal Gold, Inc. (NASDAQ:RGLD) Stake Raised by US Bancorp DE

US Bancorp DE boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,215 shares of the basic materials company’s stock after acquiring an additional 295 shares during the quarter. US Bancorp DE’s holdings in Royal Gold were worth $424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. Geode Capital Management LLC grew its stake in Royal Gold by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after acquiring an additional 33,151 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Royal Gold by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock valued at $67,223,000 after acquiring an additional 1,641 shares in the last quarter. Victory Capital Management Inc. grew its stake in Royal Gold by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock valued at $27,264,000 after acquiring an additional 1,636 shares in the last quarter. Rhumbline Advisers grew its stake in Royal Gold by 1.9% during the 4th quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock valued at $23,605,000 after acquiring an additional 3,286 shares in the last quarter. Finally, FMR LLC grew its stake in Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after acquiring an additional 46,615 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Royal Gold Stock Down 0.3 %

RGLD opened at $153.40 on Thursday. Royal Gold, Inc. has a 12-month low of $107.33 and a 12-month high of $157.67. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 3.42 and a beta of 0.84. The business has a 50 day moving average of $143.06 and a 200-day moving average of $143.09.

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

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. 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.