Ieq Capital LLC Has $5.58 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Ieq Capital LLC raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 711.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,298 shares of the basic materials company’s stock after acquiring an additional 37,088 shares during the period. Ieq Capital LLC’s holdings in Royal Gold were worth $5,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Royal Gold in the 4th quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in Royal Gold in the 3rd quarter valued at approximately $36,000. Advisors Asset Management Inc. acquired a new stake in Royal Gold in the 3rd quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. grew its holdings in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after buying an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in 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 last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $148.45 on Friday. The company has a market capitalization of $9.76 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.64. The business has a 50 day simple moving average of $139.53 and a 200 day simple moving average of $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 return on equity of 11.46% and a net margin of 46.15%. Equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of the firm’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 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 $2,443,950. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their price objective for the stock 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 report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.86.

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.