Allworth Financial LP Grows Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Allworth Financial LP boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2,950.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,318 shares of the basic materials company’s stock after acquiring an additional 2,242 shares during the period. Allworth Financial LP’s holdings in Royal Gold were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in 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 valued at $553,810,000 after purchasing an additional 39,394 shares in the last quarter. Geode Capital Management LLC raised its stake in Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after purchasing an additional 33,151 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Royal Gold by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock valued at $67,223,000 after purchasing an additional 1,641 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Royal Gold by 0.8% in the third quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock valued at $27,264,000 after acquiring an additional 1,636 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Royal Gold by 1.9% in the fourth quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock valued at $23,605,000 after acquiring an additional 3,286 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Down 2.5 %

NASDAQ RGLD opened at $148.45 on Friday. The company’s 50-day moving average price is $139.53 and its 200-day moving average price is $141.65. The stock has a market cap of $9.76 billion, a PE ratio of 29.45, a PEG ratio of 3.35 and a beta of 0.90. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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 forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent analyst reports. Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. TD Securities increased their target price on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased 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 issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of “Hold” and an average target price of $168.86.

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.