New Age Alpha Advisors LLC Takes $198,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

New Age Alpha Advisors LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,503 shares of the basic materials company’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Norges Bank bought a new position in shares of Royal Gold in the fourth quarter worth approximately $44,009,000. EntryPoint Capital LLC purchased a new stake in Royal Gold in the 4th quarter worth $447,000. Vanguard Group Inc. raised its holdings in Royal Gold by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock valued at $877,058,000 after acquiring an additional 89,298 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Royal Gold in the fourth quarter valued at about $2,255,000. Finally, American Century Companies Inc. boosted its stake in shares of Royal Gold by 2.0% in the fourth quarter. American Century Companies Inc. now owns 221,771 shares of the basic materials company’s stock worth $29,241,000 after acquiring an additional 4,453 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

RGLD stock opened at $164.56 on Thursday. The firm has a market cap of $10.82 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The firm has a fifty day moving average price of $150.16 and a 200 day moving average price of $145.23. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $164.96.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus target price of $168.86.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.