Wealthfront Advisers LLC Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Wealthfront Advisers LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,205 shares of the basic materials company’s stock, valued at approximately $1,873,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Royal Gold by 7.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,097 shares of the basic materials company’s stock valued at $2,254,000 after buying an additional 1,235 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Royal Gold by 870.5% during the 4th quarter. AlphaQuest LLC now owns 4,309 shares of the basic materials company’s stock valued at $568,000 after buying an additional 3,865 shares in the last quarter. Amundi raised its stake in Royal Gold by 6.6% in the 4th quarter. Amundi now owns 95,087 shares of the basic materials company’s stock valued at $12,956,000 after purchasing an additional 5,917 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Royal Gold in the 4th quarter valued at $330,000. Finally, Callan Family Office LLC purchased a new position in Royal Gold in the 4th quarter valued at $317,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD stock opened at $154.20 on Friday. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $157.67. The stock’s fifty day moving average is $143.87 and its two-hundred day moving average is $143.23. The firm has a market capitalization of $10.14 billion, a P/E ratio of 30.60, a PEG ratio of 3.42 and a beta of 0.84.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio is presently 35.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and raised their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.