APG Asset Management N.V. purchased a new position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,000 shares of the basic materials company’s stock, valued at approximately $3,283,000. APG Asset Management N.V. owned about 0.07% of Royal Gold as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Sprott Inc. lifted its holdings in shares of Royal Gold by 4.3% in the 3rd quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock valued at $2,822,000 after buying an additional 1,359 shares during the period. Flinton Capital Management LLC increased its stake in Royal Gold by 72.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,052 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 2,550 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Royal Gold by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 215,769 shares of the basic materials company’s stock valued at $18,565,000 after purchasing an additional 2,512 shares in the last quarter. America First Investment Advisors LLC increased its stake in Royal Gold by 2.7% in the 3rd quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock valued at $12,980,000 after purchasing an additional 3,996 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in Royal Gold in the 2nd quarter valued at approximately $367,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.
RGLD has been the subject of several research analyst reports. TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. TD Securities assumed coverage on Royal Gold in a research note on Friday, December 8th. They issued a “buy” rating for the company. BMO Capital Markets set a $105.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Royal Bank of Canada set a $89.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $114.00 price target on shares of Royal Gold in a research report on Sunday, October 22nd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Royal Gold currently has an average rating of “Hold” and an average target price of $95.46.
In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 4,500 shares of company stock worth $387,750 in the last quarter. 1.12% of the stock is owned by insiders.
Royal Gold, Inc (RGLD) opened at $82.74 on Wednesday. Royal Gold, Inc has a fifty-two week low of $61.00 and a fifty-two week high of $94.39. The firm has a market capitalization of $5,449.15, a price-to-earnings ratio of 94.02, a P/E/G ratio of 4.94 and a beta of 0.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.98 and a quick ratio of 3.80.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The firm had revenue of $114.35 million during the quarter, compared to analyst estimates of $114.79 million. During the same quarter in the previous year, the business posted $0.36 EPS. Royal Gold’s revenue was up 6.9% compared to the same quarter last year. equities analysts forecast that Royal Gold, Inc will post 1.69 EPS for the current fiscal year.
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Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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