Royal Gold (NASDAQ:RGLD) Trading 3.6% Higher – What’s Next?

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) shot up 3.6% during trading on Thursday . The stock traded as high as $171.17 and last traded at $170.50. 93,028 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 495,349 shares. The stock had previously closed at $164.54.

Analyst Ratings Changes

RGLD has been the topic of several research reports. Raymond James upped their price target on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Royal Bank of Canada cut their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.75.

Royal Gold Trading Up 4.2 %

The firm has a market cap of $11.28 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. The firm’s 50 day moving average is $153.07 and its two-hundred day moving average is $146.11.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Insider Activity

In related news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction on 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 approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Royal Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC grew its holdings in shares of Royal Gold by 5.2% during the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock worth $246,000 after buying an additional 75 shares in the last quarter. Veracity Capital LLC boosted its position in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 76 shares during the last quarter. Savant Capital LLC grew its stake in shares of Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after acquiring an additional 93 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after purchasing an additional 94 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Royal Gold by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company’s stock worth $2,871,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 83.65% 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.