OppenheimerFunds Inc. increased its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266,769 shares of the basic materials company’s stock after acquiring an additional 4,802 shares during the quarter. OppenheimerFunds Inc.’s holdings in Royal Gold were worth $24,257,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Oregon Public Employees Retirement Fund boosted its stake in Royal Gold by 8,465.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 2,184,139 shares during the last quarter. Norges Bank bought a new position in Royal Gold during the 4th quarter worth approximately $82,113,000. Van ECK Associates Corp boosted its stake in Royal Gold by 20.9% during the 4th quarter. Van ECK Associates Corp now owns 4,811,625 shares of the basic materials company’s stock worth $412,116,000 after acquiring an additional 831,019 shares during the last quarter. Deutsche Bank AG boosted its stake in Royal Gold by 182.5% during the 4th quarter. Deutsche Bank AG now owns 442,460 shares of the basic materials company’s stock worth $37,895,000 after acquiring an additional 285,839 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in Royal Gold during the 1st quarter worth approximately $18,053,000. 79.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of RGLD stock opened at $94.57 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.13 and a current ratio of 5.39. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 53.73, a P/E/G ratio of 6.14 and a beta of 0.12. Royal Gold, Inc has a 52 week low of $70.16 and a 52 week high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. During the same quarter last year, the business posted $0.48 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that Royal Gold, Inc will post 1.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.12%. Royal Gold’s dividend payout ratio (DPR) is presently 60.23%.

In other news, CEO Tony A. Jensen sold 38,821 shares of Royal Gold stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $92.42, for a total value of $3,587,836.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 31,936 shares of Royal Gold stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $93.62, for a total transaction of $2,989,848.32. The disclosure for this sale can be found here. Insiders sold 85,493 shares of company stock worth $7,955,840 over the last quarter. 0.95% of the stock is owned by corporate insiders.

Several brokerages have commented on RGLD. BMO Capital Markets downgraded shares of Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Desjardins downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Friday, April 12th. TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a report on Friday, June 7th. B. Riley upgraded shares of Royal Gold from a “neutral” rating to a “buy” rating and raised their target price for the stock from $86.00 to $100.00 in a report on Monday, April 1st. Finally, BidaskClub downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $95.95.

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Royal Gold Profile

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, cobalt, and molybdenum.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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