Venturi Wealth Management LLC raised its stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,304 shares of the basic materials company’s stock after purchasing an additional 1,580 shares during the period. Venturi Wealth Management LLC’s holdings in Royal Gold were worth $2,242,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. KBC Group NV boosted its stake in shares of Royal Gold by 5,094.1% in the third quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock worth $8,129,000 after acquiring an additional 92,661 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Royal Gold by 650.0% in the third quarter. State of Tennessee Treasury Department now owns 75,000 shares of the basic materials company’s stock worth $6,453,000 after acquiring an additional 65,000 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Royal Gold by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock worth $304,409,000 after acquiring an additional 58,541 shares during the period. APG Asset Management N.V. purchased a new stake in shares of Royal Gold in the fourth quarter worth about $3,283,000. Finally, Mackenzie Financial Corp lifted its position in shares of Royal Gold by 245.5% in the third quarter. Mackenzie Financial Corp now owns 67,378 shares of the basic materials company’s stock worth $5,797,000 after buying an additional 47,878 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.
Shares of Royal Gold, Inc (RGLD) traded down $0.54 during midday trading on Thursday, hitting $80.77. The stock had a trading volume of 517,200 shares, compared to its average volume of 612,298. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.80 and a current ratio of 3.98. Royal Gold, Inc has a 12-month low of $61.00 and a 12-month high of $94.39. The stock has a market capitalization of $5,322.17, a P/E ratio of 91.48, a price-to-earnings-growth ratio of 4.83 and a beta of 0.61.
RGLD has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, December 6th. TD Securities decreased their price objective on Royal Gold from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, December 29th. Bank of America decreased their price objective on Royal Gold from $109.00 to $99.00 and set a “hold” rating on the stock in a research report on Thursday, December 28th. Canaccord Genuity downgraded Royal Gold from a “buy” rating to a “hold” rating and decreased their price objective for the company from $109.00 to $99.00 in a research report on Thursday, December 28th. Finally, Eight Capital restated a “neutral” rating on shares of Royal Gold in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $95.63.
In related news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 4,500 shares of company stock worth $387,750. 1.12% of the stock is owned by insiders.
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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