Neuberger Berman Group LLC Boosts Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Neuberger Berman Group LLC increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,903 shares of the basic materials company’s stock after buying an additional 796 shares during the quarter. Neuberger Berman Group LLC’s holdings in Royal Gold were worth $1,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in Royal Gold in the fourth quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in shares of Royal Gold by 526.3% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock worth $29,000 after buying an additional 200 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at $31,000. BKM Wealth Management LLC purchased a new stake in shares of Royal Gold in the 4th quarter valued at $36,000. Finally, Lindbrook Capital LLC lifted its stake in Royal Gold by 414.9% during the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 307 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Down 0.1 %

Royal Gold stock opened at $128.51 on Monday. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $134.56. The stock’s fifty day moving average is $122.37 and its two-hundred day moving average is $117.59.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. Royal Gold’s revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Analysts predict that Royal Gold, Inc. will post 4.51 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. Royal Gold’s dividend payout ratio is currently 47.20%.

Analysts Set New Price Targets

Several equities analysts have weighed in on RGLD shares. Jefferies Financial Group began coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Scotiabank raised their price target on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research report on Thursday. BMO Capital Markets upped their price objective on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.13.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares in the company, valued at approximately $1,940,033.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

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.