CIBC Asset Management Inc Purchases 94 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

CIBC Asset Management Inc raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,894 shares of the basic materials company’s stock after buying an additional 94 shares during the quarter. CIBC Asset Management Inc’s holdings in Royal Gold were worth $1,700,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Royal Gold by 1.9% during the 3rd quarter. Creative Planning now owns 8,347 shares of the basic materials company’s stock valued at $1,171,000 after purchasing an additional 157 shares in the last quarter. Blue Trust Inc. lifted its stake in Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after buying an additional 213 shares during the period. Raymond James & Associates boosted its holdings in shares of Royal Gold by 7.8% during the 3rd quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company’s stock worth $10,621,000 after buying an additional 5,481 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Royal Gold by 2.6% during the 3rd quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company’s stock worth $819,000 after buying an additional 150 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Royal Gold by 13,968.8% in the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock valued at $11,883,000 after acquiring an additional 84,092 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

RGLD opened at $148.45 on Friday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.64. The firm has a market capitalization of $9.76 billion, a P/E ratio of 29.45, a PEG ratio of 3.35 and a beta of 0.90. The company’s 50-day moving average is $139.53 and its 200 day moving average is $141.65.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.86.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

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.