Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 62.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,834 shares of the basic materials company’s stock after selling 6,445 shares during the period. Nebula Research & Development LLC’s holdings in Royal Gold were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Royal Gold in the third quarter worth $474,000. Franklin Resources Inc. grew its position in Royal Gold by 303.3% during the 3rd quarter. Franklin Resources Inc. now owns 28,546 shares of the basic materials company’s stock worth $4,063,000 after purchasing an additional 21,468 shares during the period. Confluence Investment Management LLC raised its stake in shares of Royal Gold by 4.0% during the 4th quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company’s stock valued at $647,000 after buying an additional 190 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 351 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Royal Gold in the 4th quarter valued at about $253,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This trade 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. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on RGLD shares. Scotiabank upgraded Royal Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Royal Bank of Canada cut their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Raymond James increased their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. BMO Capital Markets started coverage on shares of Royal Gold in a report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 price objective for the company. Finally, Jefferies Financial Group upgraded shares of 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.00.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $180.38 on Wednesday. The stock has a market capitalization of $11.87 billion, a P/E ratio of 35.79, a PEG ratio of 3.42 and a beta of 0.77. The business has a 50 day simple moving average of $162.90 and a two-hundred day simple moving average of $150.06. Royal Gold, Inc. has a 12 month low of $118.61 and a 12 month high of $191.78.

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

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.00%. Royal Gold’s payout ratio is presently 35.71%.

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.