Profund Advisors LLC boosted its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,457 shares of the basic materials company’s stock after purchasing an additional 2,627 shares during the quarter. Profund Advisors LLC’s holdings in Royal Gold were worth $1,762,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in RGLD. Amundi Pioneer Asset Management Inc. acquired a new stake in Royal Gold in the 4th quarter valued at $18,763,000. KBC Group NV grew its stake in Royal Gold by 5,094.1% in the 3rd quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock valued at $8,129,000 after acquiring an additional 92,661 shares during the period. State of Tennessee Treasury Department grew its stake in Royal Gold by 650.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 75,000 shares of the basic materials company’s stock valued at $6,453,000 after acquiring an additional 65,000 shares during the period. First Eagle Investment Management LLC grew its stake in Royal Gold by 1.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock valued at $304,409,000 after acquiring an additional 58,541 shares during the period. Finally, APG Asset Management N.V. acquired a new stake in Royal Gold in the 4th quarter valued at $3,283,000. 73.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total transaction of $132,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 4,500 shares of company stock worth $387,750. Insiders own 1.12% of the company’s stock.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $114.79 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. equities research analysts forecast that Royal Gold, Inc will post 1.69 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on RGLD shares. BMO Capital Markets set a $105.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research note on Tuesday, November 14th. Eight Capital reissued a “neutral” rating on shares of Royal Gold in a research note on Thursday, November 16th. BidaskClub cut shares of Royal Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective on the stock in a report on Wednesday, December 6th. Finally, TD Securities began coverage on Royal Gold in a report on Friday, December 8th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $95.54.
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Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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