Point72 Asia Singapore Pte. Ltd. Sells 4,725 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Point72 Asia Singapore Pte. Ltd. reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 89.4% in the 4th quarter, Holdings Channel reports. The firm owned 562 shares of the basic materials company’s stock after selling 4,725 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Royal Gold were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Norges Bank acquired a new position in Royal Gold during the 4th quarter worth approximately $44,009,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Royal Gold during the fourth quarter worth $27,536,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Royal Gold by 181.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company’s stock worth $39,846,000 after buying an additional 194,905 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock valued at $135,730,000 after acquiring an additional 168,569 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Royal Gold by 18.1% during the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company’s stock valued at $131,412,000 after acquiring an additional 152,599 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RGLD shares. Scotiabank raised Royal Gold from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Royal Bank of Canada dropped their price objective on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They set a “market perform” rating and a $196.00 target price on the stock. CIBC upped their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Raymond James lifted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Royal Gold Stock Performance

Royal Gold stock opened at $171.14 on Monday. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The firm has a 50 day moving average price of $169.77 and a two-hundred day moving average price of $152.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Royal Gold’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold’s dividend payout ratio is 29.80%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

About Royal Gold

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.