Royal Gold Inc. (NASDAQ:RGLD) traded down 1.9% during trading on Friday . The company traded as low as $82.30 and last traded at $83.40, with a volume of 460,527 shares. The stock had previously closed at $85.05.

A number of equities research analysts have recently commented on the company. National Bank Financial cut Royal Gold from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, April 27th. FBR & Co upped their price target on Royal Gold from $55.00 to $57.00 and gave the company a “mkt perform” rating in a report on Tuesday, May 3rd. Raymond James Financial Inc. raised Royal Gold from a “market perform” rating to an “outperform” rating and upped their price target for the company from $72.00 to $85.00 in a report on Wednesday, July 6th. CIBC upped their price target on Royal Gold from $49.00 to $52.00 in a report on Friday, April 8th. Finally, Dundee Securities upped their price target on Royal Gold from $54.00 to $58.00 in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $67.46.

The company’s market cap is $5.45 billion. The company has a 50-day moving average of $77.41 and a 200-day moving average of $57.00.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%.

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

A number of hedge funds and institutional investors have made changes to their positions in RGLD. Liberty Mutual Group Asset Management Inc. increased its position in shares of Royal Gold by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 42,011 shares of the company’s stock valued at $1,533,000 after buying an additional 14,274 shares during the period. Comerica Bank increased its position in shares of Royal Gold by 1.1% in the fourth quarter. Comerica Bank now owns 60,916 shares of the company’s stock valued at $2,290,000 after buying an additional 683 shares during the period. 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 period. RS Investment Management Co. LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at $4,622,000. Finally, American International Group Inc. increased its position in shares of Royal Gold by 3.6% in the fourth quarter. American International Group Inc. now owns 146,791 shares of the company’s stock valued at $5,354,000 after buying an additional 5,038 shares during the period.

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.

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