Securian Asset Management Inc. Has $655,000 Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Securian Asset Management Inc. lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,971 shares of the basic materials company’s stock after selling 141 shares during the period. Securian Asset Management Inc.’s holdings in Royal Gold were worth $655,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RGLD. Janney Montgomery Scott LLC boosted its position in shares of Royal Gold by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock worth $748,000 after acquiring an additional 122 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Royal Gold by 57.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,961 shares of the basic materials company’s stock worth $415,000 after acquiring an additional 1,080 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Royal Gold by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after acquiring an additional 1,636 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Royal Gold by 14.4% during the 3rd quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company’s stock worth $2,147,000 after acquiring an additional 1,931 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of Royal Gold during the 3rd quarter worth approximately $229,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.86.

Royal Gold Stock Performance

RGLD stock opened at $154.20 on Monday. The company has a fifty day moving average price of $144.26 and a 200-day moving average price of $143.35. The company has a market capitalization of $10.14 billion, a P/E ratio of 30.60, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $157.67.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 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 Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is currently 35.71%.

Royal Gold Company 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.