Xact Kapitalforvaltning AB lowered its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,502 shares of the basic materials company’s stock after selling 1,500 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Royal Gold were worth $814,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in Royal Gold by 1.5% during the third quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock valued at $627,153,000 after buying an additional 121,000 shares during the period. Vanguard Group Inc. grew its position in Royal Gold by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after buying an additional 113,273 shares during the period. Vanguard Group Inc grew its position in Royal Gold by 1.8% during the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after buying an additional 113,273 shares during the period. Dimensional Fund Advisors LP grew its position in Royal Gold by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 739,381 shares of the basic materials company’s stock valued at $56,973,000 after buying an additional 5,603 shares during the period. Finally, Gabelli Funds LLC grew its position in Royal Gold by 4.6% during the third quarter. Gabelli Funds LLC now owns 719,000 shares of the basic materials company’s stock valued at $55,406,000 after buying an additional 31,500 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Shares of NASDAQ:RGLD traded down $0.63 during midday trading on Monday, hitting $86.24. The company’s stock had a trading volume of 1,340 shares, compared to its average volume of 470,673. The company has a current ratio of 5.48, a quick ratio of 5.27 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.65 billion, a P/E ratio of 48.93, a P/E/G ratio of 5.52 and a beta of 0.26. Royal Gold, Inc has a 12-month low of $70.16 and a 12-month high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts expect that Royal Gold, Inc will post 1.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were paid a $0.265 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Thursday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 60.23%.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Royal Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. Raymond James reiterated an “outperform” rating and issued a $95.00 target price on shares of Royal Gold in a research report on Friday. Finally, ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Royal Gold presently has an average rating of “Buy” and a consensus price target of $93.72.

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About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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