Empowered Funds LLC Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Empowered Funds LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,926 shares of the basic materials company’s stock, valued at approximately $254,000.

Several other institutional investors have also modified their holdings of the stock. Creative Planning boosted its position in Royal Gold by 1.9% during the third quarter. Creative Planning now owns 8,347 shares of the basic materials company’s stock worth $1,171,000 after acquiring an additional 157 shares during the last quarter. Blue Trust Inc. boosted 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 last quarter. Raymond James & Associates boosted its position in Royal Gold by 7.8% during the third quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company’s stock worth $10,621,000 after acquiring an additional 5,481 shares during the last quarter. Private Advisor Group LLC boosted its position in Royal Gold by 2.6% during the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company’s stock worth $819,000 after acquiring an additional 150 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Royal Gold by 13,968.8% during the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after acquiring an additional 84,092 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James boosted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. TD Securities boosted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $168.86.

Insider Activity

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $148.45 on Friday. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.35 and a beta of 0.90. The company’s 50-day moving average is $139.53 and its two-hundred day moving average is $141.65. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.64.

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, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share 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.