Larson Financial Group LLC Boosts Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Larson Financial Group LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 526.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238 shares of the basic materials company’s stock after purchasing an additional 200 shares during the period. Larson Financial Group LLC’s holdings in Royal Gold were worth $29,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in Royal Gold in the fourth quarter worth about $27,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Gold in the fourth quarter worth about $31,000. BKM Wealth Management LLC purchased a new stake in Royal Gold in the fourth quarter worth about $36,000. Lindbrook Capital LLC lifted its holdings in Royal Gold by 414.9% in the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock worth $46,000 after buying an additional 307 shares during the period. Finally, Quent Capital LLC lifted its holdings in Royal Gold by 35.0% in the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after buying an additional 144 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGLD has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group initiated coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $143.25.

Royal Gold Stock Performance

RGLD stock opened at $124.58 on Friday. The stock has a market capitalization of $8.19 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 7.10 and a beta of 0.87. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $147.82. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $114.71 and its 200 day simple moving average is $114.76.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.20. The business had revenue of $152.70 million for the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. As a group, research analysts forecast that Royal Gold, Inc. will post 4.36 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Royal Gold’s payout ratio is 43.96%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

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.