Great Lakes Advisors LLC Purchases 19,089 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Great Lakes Advisors LLC boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 30.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,027 shares of the basic materials company’s stock after acquiring an additional 19,089 shares during the quarter. Great Lakes Advisors LLC’s holdings in Royal Gold were worth $10,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Proficio Capital Partners LLC bought a new stake in Royal Gold during the 4th quarter valued at $18,427,000. Raymond James Financial Inc. purchased a new position in Royal Gold during the 4th quarter valued at $11,998,000. Bank of Montreal Can increased its position in Royal Gold by 187.5% during 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 purchasing an additional 83,015 shares during the period. Swedbank AB purchased a new position in Royal Gold during the 3rd quarter valued at $11,246,000. Finally, FMR LLC increased its position in Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after purchasing an additional 46,615 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Royal Gold Price Performance

NASDAQ:RGLD opened at $153.40 on Thursday. The firm’s 50-day moving average price is $143.06 and its 200-day moving average price is $143.09. The company has a market capitalization of $10.09 billion, a PE ratio of 30.44, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1-year low of $107.33 and a 1-year high of $157.67.

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, topping 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%. Equities analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio is presently 35.71%.

Royal Gold Company 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.