Keene & Associates Inc. Sells 222 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Keene & Associates Inc. trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,333 shares of the basic materials company’s stock after selling 222 shares during the period. Keene & Associates Inc.’s holdings in Royal Gold were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Royal Gold by 13,968.8% in the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock valued at $11,883,000 after purchasing an additional 84,092 shares during the period. Bank of Montreal Can boosted its holdings in shares of Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares during the period. Swedbank AB acquired a new position in shares of Royal Gold in the third quarter valued at approximately $11,246,000. FMR LLC increased its position in shares of Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after acquiring an additional 46,615 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after acquiring an additional 39,394 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 1.5 %

NASDAQ RGLD opened at $149.10 on Wednesday. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.64. The stock has a 50 day moving average of $139.54 and a 200-day moving average of $141.29. The company has a market cap of $9.80 billion, a PE ratio of 29.58, a PEG ratio of 0.88 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly 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 net margin of 46.15% and a return on equity of 11.46%. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RGLD shares. Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their target price for the company 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $168.86.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the company’s 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 sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

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.