Aaron Wealth Advisors LLC Boosts Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Aaron Wealth Advisors LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,986 shares of the basic materials company’s stock after purchasing an additional 416 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Royal Gold were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in shares of Royal Gold by 10.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,114 shares of the basic materials company’s stock worth $640,000 after purchasing an additional 471 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Royal Gold by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after buying an additional 156,048 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Royal Gold by 15.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,307 shares of the basic materials company’s stock valued at $1,040,000 after acquiring an additional 1,104 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Royal Gold by 357.7% during the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock worth $6,473,000 after acquiring an additional 40,419 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Royal Gold in the 2nd quarter valued at approximately $1,341,000. Institutional investors own 83.65% of the company’s stock.

Insider Activity

In related news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent research reports. TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, Raymond James boosted their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and an average target price of $168.86.

Royal Gold Stock Up 0.2 %

Shares of NASDAQ RGLD opened at $138.54 on Friday. The firm has a market cap of $9.11 billion, a P/E ratio of 31.78, a PEG ratio of 0.79 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The company has a 50 day moving average of $140.74 and a 200 day moving average of $140.21.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same period in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 39.8% on a year-over-year basis. As a group, equities analysts expect that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. Royal Gold’s payout ratio is currently 41.28%.

Royal Gold Company Profile

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.