Baird Financial Group Inc. boosted its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 45,415 shares of the basic materials company’s stock after acquiring an additional 2,340 shares during the quarter. Baird Financial Group Inc.’s holdings in Royal Gold were worth $3,730,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Keeler Thomas Management LLC purchased a new stake in Royal Gold during the 4th quarter valued at about $118,000. Exane Derivatives grew its stake in Royal Gold by 4,900.0% during the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 1,470 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Royal Gold during the 3rd quarter valued at about $174,000. Squar Milner Financial Services LLC purchased a new stake in Royal Gold during the 4th quarter valued at about $212,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Royal Gold during the 4th quarter valued at about $245,000. 71.44% of the stock is owned by institutional investors.
Shares of Royal Gold, Inc (NASDAQ RGLD) opened at $81.31 on Wednesday. Royal Gold, Inc has a one year low of $61.00 and a one year high of $94.39. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5,320.00, a P/E ratio of 63.52, a PEG ratio of 4.95 and a beta of 0.61.
Several analysts recently issued reports on RGLD shares. Canaccord Genuity cut shares of Royal Gold from a “buy” rating to a “hold” rating and dropped their price objective for the company from $109.00 to $99.00 in a research note on Thursday, December 28th. TD Securities started coverage on shares of Royal Gold in a research note on Friday, December 8th. They set a “buy” rating for the company. Cantor Fitzgerald started coverage on shares of Royal Gold in a research note on Thursday, January 4th. They set a “buy” rating and a $105.00 price objective for the company. Bank of America dropped their price objective on shares of Royal Gold from $109.00 to $99.00 and set a “hold” rating for the company in a research note on Thursday, December 28th. Finally, Zacks Investment Research cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $95.63.
In other news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 4,500 shares of company stock valued at $387,750. Corporate insiders own 1.12% of the company’s stock.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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