Ieq Capital LLC Has $5.58 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Ieq Capital LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 711.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,298 shares of the basic materials company’s stock after acquiring an additional 37,088 shares during the period. Ieq Capital LLC owned about 0.06% of Royal Gold worth $5,577,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Royal Gold in the 4th quarter worth about $25,000. Point72 Hong Kong Ltd purchased a new stake in Royal Gold in the 3rd quarter worth about $36,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold in the 3rd quarter worth about $38,000. Nomura Asset Management Co. Ltd. lifted 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 acquiring an additional 110 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 123 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

RGLD opened at $148.45 on Friday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.64. The business has a 50-day moving average of $139.53 and a 200-day moving average of $141.65. The company has a market capitalization of $9.76 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating 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, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RGLD. TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, Raymond James raised their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold has a consensus rating of “Hold” and an average price target of $168.86.

Insider Activity

In other news, SVP Daniel Breeze sold 549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by 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.