SRS Capital Advisors Inc. Purchases 194 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

SRS Capital Advisors Inc. increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 42.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 651 shares of the basic materials company’s stock after purchasing an additional 194 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Royal Gold were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold in the third quarter valued at about $36,000. Advisors Asset Management Inc. bought a new position in Royal Gold during the third quarter worth about $38,000. Nomura Asset Management Co. Ltd. raised its stake 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 worth $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the 4th quarter valued at about $42,000. 83.65% of the stock is currently owned by institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Raymond James raised their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment 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.com, the company presently has an average rating of “Hold” and an average target price of $168.86.

Royal Gold Price Performance

Shares of RGLD opened at $150.18 on Friday. The firm has a 50 day simple moving average of $141.48 and a two-hundred day simple moving average of $142.70. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $155.64. The company has a market cap of $9.88 billion, a P/E ratio of 29.80, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. Royal Gold’s payout ratio is currently 35.71%.

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.