Epoch Investment Partners Inc. Invests $4.36 Million in Royal Gold, Inc. $RGLD

Epoch Investment Partners Inc. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,603 shares of the basic materials company’s stock, valued at approximately $4,358,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after acquiring an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares in the last quarter. Capital International Investors bought a new stake in shares of Royal Gold in the fourth quarter valued at about $332,026,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Royal Gold by 89.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after acquiring an additional 874,329 shares in the last quarter. Finally, Nuveen LLC raised its holdings in shares of Royal Gold by 457.5% in the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after acquiring an additional 759,810 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% 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. 0.35% of the stock is owned by company insiders.

Royal Gold Price Performance

RGLD opened at $215.52 on Tuesday. The business’s 50-day moving average is $236.35 and its two-hundred day moving average is $245.90. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The firm has a market capitalization of $18.29 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.42.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is 22.65%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. National Bank Financial decreased their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.