Handelsbanken Fonder AB Raises Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Handelsbanken Fonder AB raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,802 shares of the basic materials company’s stock after purchasing an additional 700 shares during the period. Handelsbanken Fonder AB’s holdings in Royal Gold were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Royal Gold in the 3rd quarter valued at about $36,000. Advisors Asset Management Inc. acquired a new stake in shares of Royal Gold during the 3rd quarter worth about $38,000. Nomura Asset Management Co. Ltd. lifted its stake in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Royal Gold by 51.7% during the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 123 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.8 %

Shares of RGLD opened at $151.11 on Tuesday. The company’s 50 day simple moving average is $139.64 and its 200-day simple moving average is $142.00. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.64. The firm has a market cap of $9.94 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

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 net margin of 46.15% and a return on equity of 11.46%. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on RGLD shares. Raymond James increased their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.