Point72 Asia Singapore Pte. Ltd. Sells 4,725 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 89.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 562 shares of the basic materials company’s stock after selling 4,725 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Royal Gold were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC bought a new stake in Royal Gold during the 4th quarter worth about $455,000. Aaron Wealth Advisors LLC raised its holdings in Royal Gold by 4.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,986 shares of the basic materials company’s stock worth $1,317,000 after acquiring an additional 416 shares in the last quarter. UMB Bank n.a. raised its holdings in Royal Gold by 11.2% during the fourth quarter. UMB Bank n.a. now owns 1,273 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 128 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Royal Gold by 33.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,913 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Barlow Wealth Partners Inc. grew its stake in Royal Gold by 5.9% in the fourth quarter. Barlow Wealth Partners Inc. now owns 110,872 shares of the basic materials company’s stock valued at $15,166,000 after purchasing an additional 6,169 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of a number of analyst reports. CIBC upped their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 price objective for the company. Royal Bank of Canada lowered their price target on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, Raymond James raised their price objective on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Royal Gold Trading Up 1.1%

Royal Gold stock opened at $171.14 on Monday. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The stock’s 50 day moving average is $169.77 and its 200-day moving average is $152.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. The business had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, April 4th. Royal Gold’s dividend payout ratio is 29.80%.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.

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.