Securian Asset Management Inc. Has $655,000 Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Securian Asset Management Inc. decreased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,971 shares of the basic materials company’s stock after selling 141 shares during the period. Securian Asset Management Inc.’s holdings in Royal Gold were worth $655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RGLD. Proficio Capital Partners LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $18,427,000. Raymond James Financial Inc. acquired a new position in shares of Royal Gold in the 4th quarter valued at $11,998,000. Bank of Montreal Can boosted its stake 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 worth $18,049,000 after purchasing an additional 83,015 shares during the period. Swedbank AB acquired a new position in Royal Gold in the 3rd quarter worth $11,246,000. Finally, FMR LLC boosted its stake in Royal Gold by 35.3% in the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after purchasing an additional 46,615 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of 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 research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $168.86.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $154.20 on Monday. The company’s 50-day moving average price is $144.26 and its two-hundred day moving average price is $143.35. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $157.67. The stock has a market capitalization of $10.14 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.17%. Royal Gold’s dividend payout ratio is currently 35.71%.

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.