Generali Investments CEE investicni spolecnost a.s. Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,500 shares of the basic materials company’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold during the fourth quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Royal Gold during the third quarter valued at about $36,000. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold during the third quarter valued at about $38,000. Nomura Asset Management Co. Ltd. raised its stake 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 valued at $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the fourth quarter worth about $42,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 2.7 %

NASDAQ RGLD opened at $154.17 on Monday. The stock’s 50-day moving average price is $142.19 and its two-hundred day moving average price is $142.90. The company has a market cap of $10.14 billion, a PE ratio of 30.59, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1 year low of $107.33 and a 1 year high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Research analysts forecast 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. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.17%. Royal Gold’s payout ratio is presently 35.71%.

Wall Street Analyst Weigh In

Several brokerages have commented on RGLD. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Raymond James boosted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $168.86.

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.