Erste Asset Management GmbH Buys 2,200 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Erste Asset Management GmbH grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 523.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,620 shares of the basic materials company’s stock after acquiring an additional 2,200 shares during the quarter. Erste Asset Management GmbH’s holdings in Royal Gold were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in shares of Royal Gold during the 4th quarter worth $18,427,000. Raymond James Financial Inc. bought a new stake in shares of Royal Gold during the 4th quarter worth $11,998,000. Bank of Montreal Can lifted its position in shares of Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares during the last quarter. Swedbank AB bought a new stake in shares of Royal Gold during the 3rd quarter worth $11,246,000. Finally, FMR LLC lifted its position in shares of Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after buying an additional 46,615 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Royal Gold Trading Up 0.4 %

Royal Gold stock opened at $154.20 on Friday. The company has a market capitalization of $10.14 billion, a PE ratio of 30.60, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 12 month low of $107.33 and a 12 month high of $157.67. The stock has a 50-day moving average price of $144.26 and a two-hundred day moving average price of $143.33.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.17%. Royal Gold’s dividend payout ratio is presently 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.