Nemes Rush Group LLC Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Nemes Rush Group LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 977 shares of the basic materials company’s stock, valued at approximately $129,000.

Several other large investors have also modified their holdings of RGLD. Veracity Capital LLC lifted its holdings in shares of Royal Gold by 5.0% during the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 76 shares during the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after buying an additional 94 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Royal Gold by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock worth $2,413,000 after acquiring an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Royal Gold by 3.5% during the fourth quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 104 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 0.5 %

Royal Gold stock opened at $164.26 on Wednesday. Royal Gold, Inc. has a 12 month low of $118.00 and a 12 month high of $164.96. The stock has a market cap of $10.80 billion, a P/E ratio of 32.59, a P/E/G ratio of 3.42 and a beta of 0.84. The company’s fifty day simple moving average is $149.64 and its 200-day simple moving average is $145.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.10%. Royal Gold’s dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price objective 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 stock. Based on data from MarketBeat, Royal Gold currently has an average rating of “Hold” and a consensus price target of $168.86.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

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.