Concurrent Investment Advisors LLC Increases Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Concurrent Investment Advisors LLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,854 shares of the basic materials company’s stock after acquiring an additional 110 shares during the period. Concurrent Investment Advisors LLC’s holdings in Royal Gold were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RGLD. Van ECK Associates Corp grew its stake in shares of Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after purchasing an additional 39,394 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Royal Gold by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after buying an additional 33,151 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Royal Gold by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock worth $67,223,000 after buying an additional 1,641 shares during the period. Victory Capital Management Inc. grew its position in shares of Royal Gold by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after buying an additional 1,636 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Royal Gold by 1.9% during the fourth quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock valued at $23,605,000 after buying an additional 3,286 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $150.86 on Wednesday. The firm’s 50-day moving average price is $139.77 and its 200-day moving average price is $142.15. The company has a market capitalization of $9.92 billion, a PE ratio of 29.93, a P/E/G ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.64.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on RGLD shares. TD Securities raised their price target 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 shares of Royal Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, Raymond James boosted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $168.86.

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 stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

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.