Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Twin Tree Management LP

Twin Tree Management LP lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the basic materials company’s stock after selling 2,100 shares during the quarter. Twin Tree Management LP’s holdings in Royal Gold were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in Royal Gold during the 4th quarter worth about $25,000. Point72 Hong Kong Ltd purchased a new stake in Royal Gold during the 3rd quarter worth about $36,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold during the 3rd quarter worth about $38,000. Nomura Asset Management Co. Ltd. grew its holdings 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 valued at $41,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Stock Performance

Royal Gold stock opened at $154.65 on Wednesday. The stock’s 50 day moving average price is $145.13 and its 200 day moving average price is $143.55. The firm has a market capitalization of $10.17 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $158.94.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (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, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold currently has an average rating of “Hold” and a consensus target price of $168.86.

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.