Versor Investments LP Grows Position in Royal Gold, Inc. (NASDAQ:RGLD)

Versor Investments LP lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 233.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the basic materials company’s stock after purchasing an additional 6,300 shares during the quarter. Versor Investments LP’s holdings in Royal Gold were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Veracity Capital LLC lifted its stake in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 76 shares in the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after acquiring an additional 93 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after acquiring an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock worth $2,413,000 after acquiring an additional 100 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake 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 acquiring an additional 110 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on RGLD. TD Securities increased their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the company 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 assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold Stock Performance

RGLD opened at $145.04 on Friday. Royal Gold, Inc. has a one year low of $101.76 and a one year high of $155.64. The company has a market cap of $9.54 billion, a P/E ratio of 28.78, a PEG ratio of 3.42 and a beta of 0.90. The business’s 50-day simple moving average is $140.07 and its 200-day simple moving average is $142.20.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. Royal Gold’s dividend payout ratio is presently 35.71%.

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.