Uncommon Cents Investing LLC Reduces Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Uncommon Cents Investing LLC decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,470 shares of the basic materials company’s stock after selling 200 shares during the period. Uncommon Cents Investing LLC’s holdings in Royal Gold were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RGLD. US Bancorp DE grew its position in Royal Gold by 3.2% in the 1st quarter. US Bancorp DE now owns 3,913 shares of the basic materials company’s stock valued at $552,000 after acquiring an additional 123 shares during the last quarter. HighTower Advisors LLC increased its stake in Royal Gold by 17.9% in the 1st quarter. HighTower Advisors LLC now owns 6,544 shares of the basic materials company’s stock worth $921,000 after buying an additional 993 shares during the period. Private Advisor Group LLC bought a new stake in Royal Gold during the 1st quarter valued at about $251,000. PNC Financial Services Group Inc. boosted its position in Royal Gold by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock valued at $572,000 after buying an additional 96 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in Royal Gold by 9.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 35,641 shares of the basic materials company’s stock worth $5,174,000 after acquiring an additional 2,988 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Royal Gold Trading Up 2.2 %

NASDAQ:RGLD opened at $121.81 on Friday. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.42 and a beta of 0.86. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $147.82. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $111.25 and a 200 day moving average of $112.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm had revenue of $152.70 million during the quarter, compared to analyst estimates of $140.32 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 4.17 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, April 4th. Royal Gold’s dividend payout ratio is presently 43.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RGLD shares. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $148.00 to $158.00 in a research note on Wednesday. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group initiated coverage on shares of Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold has a consensus rating of “Hold” and an average target price of $145.67.

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.