Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Invests $298,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,260 shares of the basic materials company’s stock, valued at approximately $298,000. Royal Gold comprises about 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of RGLD. Capital World Investors raised its stake in shares of Royal Gold by 0.4% in the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock worth $1,156,842,000 after purchasing an additional 37,648 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Royal Gold by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock worth $877,058,000 after buying an additional 89,298 shares during the last quarter. Geode Capital Management LLC grew its position in Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after buying an additional 33,151 shares during the period. Northern Trust Corp raised its position in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock worth $135,730,000 after acquiring an additional 168,569 shares during the period. Finally, AQR Capital Management LLC raised its position in Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company’s stock worth $131,412,000 after acquiring an additional 152,599 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 0.6 %

Shares of RGLD stock opened at $162.19 on Friday. The stock’s 50-day moving average price is $148.67 and its 200-day moving average price is $144.67. Royal Gold, Inc. has a 12-month low of $118.00 and a 12-month high of $164.18. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $168.86.

Royal Gold 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.