Shares of Royal Gold Inc. (NASDAQ:RGLD) reached a new 52-week high during trading on Tuesday . The company traded as high as $83.61 and last traded at $81.18, with a volume of 887,105 shares traded. The stock had previously closed at $83.22.

A number of equities research analysts have recently issued reports on RGLD shares. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a report on Wednesday, April 6th. National Bank Financial cut their price target on shares of Royal Gold from $60.00 to $58.00 in a report on Thursday, April 7th. FBR & Co restated a “hold” rating on shares of Royal Gold in a report on Wednesday, April 6th. Dundee Securities boosted their price target on shares of Royal Gold from $54.00 to $58.00 in a report on Thursday, April 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Royal Gold in a report on Sunday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $68.06.

The stock’s market capitalization is $5.33 billion. The stock has a 50 day moving average of $67.72 and a 200-day moving average of $51.64.

Royal Gold (NASDAQ:RGLD) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The company earned $93.50 million during the quarter, compared to analyst estimates of $97.26 million. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. On average, analysts anticipate that Royal Gold Inc. will post $1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, June 29th.

In related news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $66.19, for a total value of $220,611.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Holmes Heissenbuttel sold 1,250 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $57.64, for a total value of $72,050.00. Following the transaction, the vice president now directly owns 66,898 shares of the company’s stock, valued at approximately $3,856,000.72. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of RGLD. Beacon Financial Group increased its position in shares of Royal Gold by 66.8% in the fourth quarter. Beacon Financial Group now owns 68,006 shares of the company’s stock valued at $2,443,000 after buying an additional 27,240 shares during the last quarter. Russell Frank Co increased its position in shares of Royal Gold by 2,346.5% in the fourth quarter. Russell Frank Co now owns 207,907 shares of the company’s stock valued at $7,470,000 after buying an additional 199,409 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Royal Gold by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 83,893 shares of the company’s stock valued at $3,060,000 after buying an additional 1,222 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Royal Gold by 3.2% in the fourth quarter. Nationwide Fund Advisors now owns 107,631 shares of the company’s stock valued at $3,925,000 after buying an additional 3,294 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Royal Gold by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 123,713 shares of the company’s stock valued at $4,512,000 after buying an additional 1,867 shares during the last quarter.

Royal Gold, Inc (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.