Crossmark Global Holdings Inc. Acquires 2,231 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Crossmark Global Holdings Inc. lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,913 shares of the basic materials company’s stock after purchasing an additional 2,231 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Royal Gold were worth $1,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RGLD. UMB Bank n.a. increased its holdings in shares of Royal Gold by 11.2% in the 4th quarter. UMB Bank n.a. now owns 1,273 shares of the basic materials company’s stock worth $168,000 after buying an additional 128 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in Royal Gold by 4.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 9,986 shares of the basic materials company’s stock worth $1,317,000 after acquiring an additional 416 shares in the last quarter. Canoe Financial LP bought a new position in Royal Gold in the fourth quarter valued at $2,299,000. Merit Financial Group LLC bought a new stake in Royal Gold during the fourth quarter worth about $455,000. Finally, BFI Infinity Ltd. purchased a new position in shares of Royal Gold in the 4th quarter worth about $311,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Up 0.5 %

RGLD stock opened at $139.44 on Friday. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 0.84 and a beta of 0.90. The firm’s 50-day moving average price is $140.57 and its two-hundred day moving average price is $140.45. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10.

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

Royal Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.45 per share. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, January 3rd. Royal Gold’s payout ratio is presently 41.28%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction 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 SEC, which can be accessed through this link. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

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.