9,000 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,000 shares of the basic materials company’s stock, valued at approximately $1,187,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold in the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $42,000. Jones Financial Companies Lllp lifted its holdings in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc grew its position in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after buying an additional 158 shares during the last quarter. Finally, Human Investing LLC acquired a new position in Royal Gold in the 4th quarter valued at $73,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent analyst reports. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 price objective for the company. Royal Bank of Canada lowered their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. CIBC increased their target price on Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $183.00.

Insider Buying and Selling at Royal Gold

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

Royal Gold Trading Up 2.6%

Shares of RGLD opened at $177.56 on Wednesday. Royal Gold, Inc. has a twelve month low of $119.72 and a twelve month high of $191.78. The firm has a market capitalization of $11.69 billion, a P/E ratio of 35.23, a PEG ratio of 3.42 and a beta of 0.48. The firm’s 50-day moving average is $170.64 and its two-hundred day moving average is $152.83.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. Royal Gold’s payout ratio is 29.80%.

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.