Royal Gold, Inc. (NASDAQ:RGLD) Stock Holdings Lifted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,106 shares of the basic materials company’s stock after buying an additional 1,247 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Royal Gold were worth $1,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bcwm LLC bought a new position in shares of Royal Gold during the fourth quarter valued at approximately $1,100,000. Physician Wealth Advisors Inc. acquired a new position in Royal Gold during the 4th quarter valued at approximately $95,000. Arrowstreet Capital Limited Partnership grew its stake in Royal Gold by 181.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company’s stock worth $39,846,000 after buying an additional 194,905 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Royal Gold by 8.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,571 shares of the basic materials company’s stock worth $1,262,000 after buying an additional 781 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Royal Gold during the fourth quarter worth about $198,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $155.60 on Friday. Royal Gold, Inc. has a 12-month low of $118.00 and a 12-month high of $169.00. The stock has a market capitalization of $10.23 billion, a P/E ratio of 30.87, a P/E/G ratio of 3.42 and a beta of 0.77. The firm’s 50 day moving average is $151.05 and its 200-day moving average is $145.53.

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 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, equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business 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 $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Royal Gold’s dividend payout ratio is currently 35.71%.

Analyst Upgrades and Downgrades

RGLD has been the topic of several analyst reports. Raymond James raised their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group raised 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 note on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $170.75.

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.