Keene & Associates Inc. Sells 222 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Keene & Associates Inc. decreased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,333 shares of the basic materials company’s stock after selling 222 shares during the quarter. Keene & Associates Inc.’s holdings in Royal Gold were worth $308,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RGLD. Creative Planning grew its holdings in Royal Gold by 1.9% in the 3rd quarter. Creative Planning now owns 8,347 shares of the basic materials company’s stock valued at $1,171,000 after buying an additional 157 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Royal Gold in the third quarter valued at about $225,000. Blue Trust Inc. increased its position in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 213 shares during the period. Raymond James & Associates raised its stake in Royal Gold by 7.8% in the 3rd quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company’s stock worth $10,621,000 after purchasing an additional 5,481 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Royal Gold by 2.6% in the 3rd quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company’s stock worth $819,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on RGLD shares. Raymond James raised their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the company from $154.00 to $178.00 in a research report 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 given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $168.86.

Royal Gold Stock Performance

Shares of RGLD opened at $149.10 on Wednesday. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.64. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 0.88 and a beta of 0.90. The business’s fifty day moving average is $139.54 and its 200-day moving average is $141.29.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, research analysts forecast that Royal Gold, Inc. will post 6.34 EPS for the current fiscal year.

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.