Sprott Inc. Acquires 13,482 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Sprott Inc. raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 29.2% in the 4th quarter, Holdings Channel reports. The firm owned 59,713 shares of the basic materials company’s stock after purchasing an additional 13,482 shares during the quarter. Sprott Inc.’s holdings in Royal Gold were worth $7,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Royal Gold in the 4th quarter worth about $25,000. Point72 Hong Kong Ltd bought a new position in Royal Gold in the 3rd quarter worth about $36,000. Advisors Asset Management Inc. purchased a new position in shares of Royal Gold during the third quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 123 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on RGLD. Raymond James raised their price objective on 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 upgraded Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, TD Securities upped their price objective 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus target price of $168.86.

Royal Gold Trading Down 0.2 %

RGLD opened at $150.86 on Wednesday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.64. The stock has a fifty day moving average price of $139.77 and a 200-day moving average price of $142.15.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its 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 net margin of 46.15% and a return on equity of 11.46%. On average, equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Company 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.