Royal Gold, Inc. $RGLD Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the basic materials company’s stock after acquiring an additional 2,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Royal Gold were worth $3,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. SG Americas Securities LLC grew its stake in shares of Royal Gold by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after purchasing an additional 6,109 shares in the last quarter. Louisbourg Investments Inc. acquired a new position in shares of Royal Gold during the fourth quarter worth $3,938,000. Prospera Financial Services Inc acquired a new position in shares of Royal Gold during the third quarter worth $1,068,000. Plancorp LLC grew its stake in shares of Royal Gold by 69.8% during the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after purchasing an additional 5,646 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Royal Gold by 22.9% during the third quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company’s stock worth $27,056,000 after purchasing an additional 25,187 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by corporate insiders.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $205.70 on Tuesday. The company has a 50-day simple moving average of $240.91 and a 200-day simple moving average of $245.27. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.53 and a beta of 0.42.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.