Erste Asset Management GmbH Has $349,000 Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Erste Asset Management GmbH increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 523.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,620 shares of the basic materials company’s stock after acquiring an additional 2,200 shares during the quarter. Erste Asset Management GmbH’s holdings in Royal Gold were worth $349,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. increased 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 worth $41,000 after acquiring an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $42,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $154.20 on Friday. The stock’s fifty day moving average price is $144.26 and its two-hundred day moving average price is $143.33. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $157.67. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

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.