Royal Gold, Inc. $RGLD Stock Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 210.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 57,196 shares of the basic materials company’s stock after acquiring an additional 38,761 shares during the quarter. Intech Investment Management LLC’s holdings in Royal Gold were worth $11,472,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Caldwell Trust Co acquired a new position in Royal Gold in the second quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its position in Royal Gold by 33.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Royal Gold during the 3rd quarter worth $50,000. Spire Wealth Management bought a new position in shares of Royal Gold during the 3rd quarter valued at $64,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Royal Gold by 248.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 229 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the transaction, the director owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Royal Gold Trading Up 2.4%

Shares of Royal Gold stock opened at $294.38 on Friday. Royal Gold, Inc. has a 52-week low of $142.95 and a 52-week high of $306.25. The firm has a market capitalization of $24.97 billion, a PE ratio of 43.23, a price-to-earnings-growth ratio of 0.90 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The company’s fifty day moving average price is $262.15 and its two-hundred day moving average price is $214.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. During the same quarter last year, the firm posted $1.63 earnings per share. Royal Gold’s revenue was up 85.2% on a year-over-year basis. On average, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.6%. Royal Gold’s dividend payout ratio is presently 27.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on RGLD shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. TD Cowen boosted their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.