Kopernik Global Investors LLC Has $68.32 Million Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Kopernik Global Investors LLC cut its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 518,178 shares of the basic materials company’s stock after selling 10,059 shares during the period. Royal Gold comprises about 7.4% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 5th largest position. Kopernik Global Investors LLC’s holdings in Royal Gold were worth $68,322,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the fourth quarter worth $25,000. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 valued at $41,000 after acquiring an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the fourth quarter valued at about $42,000. Jones Financial Companies Lllp increased its stake in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 293 shares during the period. Finally, IFP Advisors Inc raised its position in Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 158 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of RGLD stock opened at $179.58 on Friday. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $181.51. The stock has a market capitalization of $11.82 billion, a PE ratio of 35.63, a PEG ratio of 3.42 and a beta of 0.77. The stock’s fifty day moving average is $154.43 and its 200-day moving average is $146.51.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 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%. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGLD. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James upped their price target on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada cut their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.75.

Insiders Place Their Bets

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

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.