Charles Schwab Investment Management Inc. Boosts Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Charles Schwab Investment Management Inc. raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 484,207 shares of the basic materials company’s stock after purchasing an additional 5,067 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Royal Gold were worth $63,843,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth about $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. purchased a new stake in shares of Royal Gold during the third quarter worth about $38,000. Nomura Asset Management Co. Ltd. grew its holdings 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 buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth about $42,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Royal Gold Stock Performance

Royal Gold stock opened at $153.40 on Thursday. Royal Gold, Inc. has a 1 year low of $107.33 and a 1 year high of $157.67. The firm has a 50 day moving average price of $143.06 and a 200 day moving average price of $143.09. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. Royal Gold’s payout ratio is 35.71%.

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.