DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $5.79 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,887 shares of the basic materials company’s stock after selling 47,877 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.07% of Royal Gold worth $5,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Royal Gold during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold during the 4th quarter worth $42,000. Jones Financial Companies Lllp boosted 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 buying an additional 293 shares in the last quarter. IFP Advisors Inc grew 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 valued at $52,000 after acquiring an additional 158 shares during the last quarter. Finally, Human Investing LLC acquired a new position in Royal Gold during the fourth quarter worth about $73,000. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RGLD has been the topic of several research reports. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Royal Gold in a research note on Wednesday, April 16th. They set a “market perform” rating and a $196.00 target price on the stock. CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James upped their target price on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada dropped their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Royal Gold Trading Up 3.2 %

NASDAQ RGLD opened at $184.36 on Friday. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The firm has a market capitalization of $12.13 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The business’s 50-day moving average price is $168.07 and its two-hundred day moving average price is $151.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue was up 29.9% compared to the same quarter last year. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. Royal Gold’s payout ratio is currently 29.80%.

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.