BNP Paribas Arbitrage SA grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 291.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,914 shares of the basic materials company’s stock after acquiring an additional 38,641 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.08% of Royal Gold worth $5,461,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Royal Gold during the fourth quarter worth $363,000. Alps Advisors Inc. grew its holdings in Royal Gold by 26.0% during the fourth quarter. Alps Advisors Inc. now owns 113,028 shares of the basic materials company’s stock worth $11,892,000 after buying an additional 23,328 shares in the last quarter. UMB Bank N A MO bought a new stake in Royal Gold during the fourth quarter worth $103,000. Rock Point Advisors LLC bought a new stake in Royal Gold during the fourth quarter worth $210,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Royal Gold by 48.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,475 shares of the basic materials company’s stock worth $3,627,000 after buying an additional 11,238 shares in the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s stock.
RGLD has been the subject of several recent research reports. StockNews.com initiated coverage on Royal Gold in a report on Thursday, March 31st. They set a “hold” rating for the company. TD Securities upped their price target on Royal Gold from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, February 18th. Raymond James set a $158.00 price target on Royal Gold and gave the stock an “outperform” rating in a report on Friday, May 6th. Barclays boosted their price objective on Royal Gold from $122.00 to $128.00 in a research report on Thursday, April 21st. Finally, Canaccord Genuity Group cut Royal Gold from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $135.00 to $145.00 in a research report on Tuesday, April 5th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.77.
Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Royal Gold had a return on equity of 10.61% and a net margin of 42.43%. The firm had revenue of $162.40 million for the quarter, compared to analysts’ expectations of $156.00 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that Royal Gold, Inc. will post 3.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Friday, April 1st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.19%. Royal Gold’s dividend payout ratio is presently 32.18%.
In other news, CFO Paul Libner sold 1,200 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $125.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.
About Royal Gold (Get Rating)
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.
- Get a free copy of the StockNews.com research report on Royal Gold (RGLD)
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