Oppenheimer & Co. Inc. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 8.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,806 shares of the basic materials company’s stock after selling 439 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Royal Gold were worth $451,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its stake in shares of Royal Gold by 90.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 20,568 shares of the basic materials company’s stock worth $1,930,000 after buying an additional 9,744 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Royal Gold during the 3rd quarter worth $476,000. Gabelli Funds LLC increased its position in Royal Gold by 23.5% during the 3rd quarter. Gabelli Funds LLC now owns 157,500 shares of the basic materials company’s stock worth $14,777,000 after purchasing an additional 30,000 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Royal Gold by 86.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 15,820 shares of the basic materials company’s stock worth $1,484,000 after purchasing an additional 7,340 shares in the last quarter. Finally, Twin Tree Management LP increased its position in Royal Gold by 137.2% during the 3rd quarter. Twin Tree Management LP now owns 93,480 shares of the basic materials company’s stock worth $8,770,000 after purchasing an additional 54,067 shares in the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.
Royal Gold Stock Down 0.9 %
Shares of NASDAQ:RGLD opened at $116.54 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.72 and a current ratio of 2.92. Royal Gold, Inc. has a 1 year low of $84.54 and a 1 year high of $147.70. The stock has a market capitalization of $7.65 billion, a P/E ratio of 32.02, a PEG ratio of 3.12 and a beta of 0.64. The stock has a 50-day simple moving average of $121.72 and a 200-day simple moving average of $106.91.
Analyst Ratings Changes
A number of research firms recently commented on RGLD. Credit Suisse Group began coverage on Royal Gold in a research report on Monday, December 12th. They set a “neutral” rating and a $120.00 price objective for the company. National Bank Financial lifted their price target on Royal Gold from C$120.00 to C$150.00 in a report on Friday, January 13th. TD Securities lifted their price target on Royal Gold from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 6th. National Bankshares lifted their price target on Royal Gold from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, February 17th. Finally, Raymond James lifted their price target on Royal Gold from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.20.
Insider Transactions at Royal Gold
In other news, CFO Paul Libner sold 250 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $115.00, for a total transaction of $28,750.00. Following the completion of the sale, the chief financial officer now owns 14,265 shares in the company, valued at approximately $1,640,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.
About Royal Gold
Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.
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