Parallel Advisors LLC Boosts Position in Royal Gold, Inc. (NASDAQ:RGLD)

Parallel Advisors LLC grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,075 shares of the basic materials company’s stock after purchasing an additional 104 shares during the quarter. Parallel Advisors LLC’s holdings in Royal Gold were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in Royal Gold by 14.4% during the third quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company’s stock valued at $2,147,000 after buying an additional 1,931 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Royal Gold by 5.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the basic materials company’s stock worth $2,340,000 after buying an additional 798 shares in the last quarter. Quest Partners LLC purchased a new stake in Royal Gold in the third quarter worth about $62,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold in the third quarter worth about $38,000. Finally, Charles Schwab Investment Management Inc. increased its position in Royal Gold by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock worth $67,223,000 after buying an additional 1,641 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Royal Gold Price Performance

Shares of RGLD opened at $157.01 on Friday. The firm has a market cap of $10.32 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The company has a 50 day simple moving average of $146.33 and a two-hundred day simple moving average of $143.83. Royal Gold, Inc. has a 1 year low of $108.95 and a 1 year high of $158.94.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its 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, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is presently 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.