Capital Performance Advisors LLP Raises Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Capital Performance Advisors LLP increased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,911 shares of the basic materials company’s stock after purchasing an additional 553 shares during the quarter. Capital Performance Advisors LLP’s holdings in Royal Gold were worth $384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares in the last quarter. Verition Fund Management LLC raised its holdings in Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after purchasing an additional 5,480 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Royal Gold during the third quarter worth $1,201,000. Cerity Partners LLC grew its holdings in Royal Gold by 114.5% in the third quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after purchasing an additional 17,227 shares during the last quarter. Finally, FMR LLC grew its holdings in Royal Gold by 35.3% in the third 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 last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and upped their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.86.

Insider Activity

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $147.19 on Thursday. The firm’s 50 day moving average price is $139.37 and its 200 day moving average price is $141.00. The firm has a market cap of $9.68 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. As a group, equities analysts predict that Royal Gold, Inc. will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.45 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.22%. Royal Gold’s payout ratio is 41.28%.

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.