Pring Turner Capital Group Inc. Purchases 2,244 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Pring Turner Capital Group Inc. boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,201 shares of the basic materials company’s stock after purchasing an additional 2,244 shares during the period. Royal Gold comprises 2.0% of Pring Turner Capital Group Inc.’s holdings, making the stock its 24th biggest holding. Pring Turner Capital Group Inc.’s holdings in Royal Gold were worth $2,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. IFP Advisors Inc grew its stake in shares of Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after buying an additional 158 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Royal Gold during the 4th quarter valued at $409,000. Oxbow Advisors LLC grew its position in Royal Gold by 2.4% in the 4th quarter. Oxbow Advisors LLC now owns 114,848 shares of the basic materials company’s stock valued at $15,143,000 after acquiring an additional 2,645 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Royal Gold by 6.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,854 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 110 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Royal Gold by 3.9% in the fourth quarter. Handelsbanken Fonder AB now owns 18,802 shares of the basic materials company’s stock worth $2,479,000 after purchasing an additional 700 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $151.11 on Tuesday. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 3.42 and a beta of 0.90. The firm’s 50-day moving average is $139.64 and its two-hundred day moving average is $142.00. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.64.

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

Insider Buying and Selling at Royal Gold

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RGLD. Raymond James boosted their target price 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. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from 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.