AlphaQuest LLC Has $568,000 Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

AlphaQuest LLC raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 870.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,309 shares of the basic materials company’s stock after buying an additional 3,865 shares during the quarter. AlphaQuest LLC’s holdings in Royal Gold were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Proficio Capital Partners LLC acquired a new stake in Royal Gold in the 4th quarter valued at approximately $18,427,000. Raymond James Financial Inc. acquired a new stake in Royal Gold in the 4th quarter valued at approximately $11,998,000. Bank of Montreal Can grew its holdings in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares during the last quarter. Swedbank AB acquired a new stake in Royal Gold in the 3rd quarter valued at approximately $11,246,000. Finally, FMR LLC grew its holdings in Royal Gold by 35.3% in the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after buying an additional 46,615 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Down 0.3 %

Shares of RGLD stock opened at $153.40 on Thursday. The stock has a 50 day moving average of $143.06 and a two-hundred day moving average of $143.09. Royal Gold, Inc. has a 12 month low of $107.33 and a 12 month high of $157.67. The company has a market capitalization of $10.09 billion, a P/E ratio of 30.44, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $168.86.

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.