Beacon Pointe Advisors LLC Purchases 6,203 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Beacon Pointe Advisors LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 27.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,913 shares of the basic materials company’s stock after acquiring an additional 6,203 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Royal Gold were worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Veracity Capital LLC grew its holdings in shares of Royal Gold by 5.0% in 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 in the last quarter. Savant Capital LLC grew its stake in shares of Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Royal Gold by 0.7% in the 4th 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 last quarter. Bessemer Group Inc. lifted its holdings in shares of Royal Gold by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company’s stock valued at $2,871,000 after acquiring an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Royal Gold by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after acquiring an additional 100 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Down 0.3 %

Shares of Royal Gold stock opened at $180.38 on Wednesday. Royal Gold, Inc. has a 12 month low of $118.61 and a 12 month high of $191.78. The stock’s fifty day moving average price is $162.90 and its 200-day moving average price is $150.06. The firm has a market cap of $11.87 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.42 and a beta of 0.77.

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, 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%. Analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. Royal Gold’s dividend payout ratio is presently 35.71%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value 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. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RGLD. BMO Capital Markets assumed coverage on Royal Gold in a research report on Wednesday, April 16th. They set a “market perform” rating and a $196.00 price objective on the stock. Scotiabank upgraded Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price objective on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

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.