Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,097 shares of the basic materials company’s stock after purchasing an additional 1,235 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $2,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Royal Gold by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after acquiring an additional 33,151 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock worth $63,843,000 after buying an additional 5,067 shares during the last quarter. Victory Capital Management Inc. grew its stake in Royal Gold by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after buying an additional 1,636 shares during the last quarter. Rhumbline Advisers grew its stake in Royal Gold by 1.9% during the 4th quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock worth $23,605,000 after buying an additional 3,286 shares during the last quarter. Finally, FMR LLC grew its stake in Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after buying an additional 46,615 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Royal Gold Stock Performance

Shares of RGLD opened at $154.20 on Monday. The stock has a 50-day moving average of $144.26 and a two-hundred day moving average of $143.35. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $157.67. The stock has a market cap of $10.14 billion, a P/E ratio of 30.60, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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%. Analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal 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 issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

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.