Pacer Advisors Inc. Has $5.54 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Pacer Advisors Inc. grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 41,999 shares of the basic materials company’s stock after acquiring an additional 3,634 shares during the period. Pacer Advisors Inc.’s holdings in Royal Gold were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in Royal Gold in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Royal Gold during the third quarter worth approximately $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold in the third quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Down 1.1 %

RGLD stock opened at $137.46 on Thursday. The company’s 50-day moving average price is $140.01 and its two-hundred day moving average price is $140.58. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The firm has a market cap of $9.04 billion, a P/E ratio of 31.53, a P/E/G ratio of 0.84 and a beta of 0.90.

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

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.31%. Royal Gold’s dividend payout ratio (DPR) is 41.28%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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 owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This represents a 17.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James upped their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, TD Securities lifted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus price target of $168.86.

Royal Gold 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.