Blue Trust Inc. Purchases 165 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Blue Trust Inc. lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 40.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 574 shares of the basic materials company’s stock after purchasing an additional 165 shares during the quarter. Blue Trust Inc.’s holdings in Royal Gold were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Creative Planning raised its stake in shares of Royal Gold by 1.9% during the second quarter. Creative Planning now owns 8,190 shares of the basic materials company’s stock worth $1,025,000 after acquiring an additional 155 shares in the last quarter. GAMMA Investing LLC lifted its stake in Royal Gold by 14.9% in the third quarter. GAMMA Investing LLC now owns 2,216 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 287 shares during the last quarter. CWM LLC boosted its position in Royal Gold by 133.8% during the third quarter. CWM LLC now owns 14,374 shares of the basic materials company’s stock valued at $2,017,000 after buying an additional 8,227 shares during the period. UMB Bank n.a. grew its stake in shares of Royal Gold by 15.4% during the third quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock valued at $161,000 after buying an additional 153 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold in the third quarter worth about $49,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several analyst reports. Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the company 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 objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, TD Securities lifted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Royal Gold currently has an average rating of “Hold” and an average price target of $168.86.

Royal Gold Stock Down 0.3 %

Shares of Royal Gold stock opened at $144.48 on Friday. The business has a 50 day moving average of $139.49 and a 200 day moving average of $140.72. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market cap of $9.50 billion, a PE ratio of 33.14, a P/E/G ratio of 0.84 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. The business had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. On average, research analysts anticipate that Royal Gold, Inc. will post 5.16 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.45 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, January 3rd. Royal Gold’s dividend payout ratio is presently 41.28%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

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.