Amalgamated Bank Acquires 182 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Amalgamated Bank raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,521 shares of the basic materials company’s stock after buying an additional 182 shares during the quarter. Amalgamated Bank’s holdings in Royal Gold were worth $4,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGLD. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd bought a new stake in Royal Gold in the third quarter valued at $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the third quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after buying an additional 123 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on RGLD. Raymond James upped their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One equities 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. According to MarketBeat, Royal Gold has an average rating of “Hold” and a consensus price target of $168.86.

Royal Gold Stock Up 1.4 %

Shares of NASDAQ:RGLD opened at $147.00 on Friday. The business’s 50 day moving average is $140.29 and its 200 day moving average is $142.22. Royal Gold, Inc. has a 12-month low of $101.94 and a 12-month high of $155.64. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.42 and a beta of 0.90.

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 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%. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

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.