XTX Topco Ltd Acquires New Stake in Royal Gold, Inc. (NASDAQ:RGLD)

XTX Topco Ltd bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,041 shares of the basic materials company’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Royal Gold during the 3rd quarter valued at about $474,000. Sanctuary Advisors LLC bought a new stake in shares of Royal Gold during the third quarter valued at approximately $591,000. Franklin Resources Inc. raised its holdings in Royal Gold by 303.3% in the 3rd quarter. Franklin Resources Inc. now owns 28,546 shares of the basic materials company’s stock worth $4,063,000 after acquiring an additional 21,468 shares during the last quarter. Confluence Investment Management LLC lifted its position in Royal Gold by 4.0% in the 4th quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company’s stock valued at $647,000 after acquiring an additional 190 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Royal Gold by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 351 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Up 0.8 %

Shares of RGLD opened at $186.45 on Thursday. The business has a 50-day simple moving average of $156.81 and a two-hundred day simple moving average of $147.34. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $191.22. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 3.42 and a beta of 0.77.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RGLD has been the topic of a number of research analyst 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 report on Friday, April 4th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $166.00 to $189.00 in a report on Monday. BMO Capital Markets initiated coverage on shares of Royal Gold in a report on Wednesday. They set a “market perform” rating and a $196.00 price objective for the company. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $178.00.

About Royal Gold

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.