Mutual of America Capital Management LLC Has $4.58 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Mutual of America Capital Management LLC cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,735 shares of the basic materials company’s stock after selling 797 shares during the period. Mutual of America Capital Management LLC’s holdings in Royal Gold were worth $4,580,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Veracity Capital LLC increased its position in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 76 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Royal Gold by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Royal Gold by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after acquiring an additional 100 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings 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. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. TD Securities upped their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Raymond James raised their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.86.

Royal Gold Trading Up 0.1 %

Shares of RGLD stock opened at $147.73 on Wednesday. Royal Gold, Inc. has a 1-year low of $107.33 and a 1-year high of $155.64. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.42 and a beta of 0.90. The stock has a 50-day moving average of $140.84 and a 200-day moving average of $142.56.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is presently 35.71%.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

About Royal Gold

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.