Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes a Stake in Royal Gold, Inc.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. has recently acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) during the fourth quarter. This information was revealed in the company’s latest Form 13F filing with the Securities and Exchange Commission. The fund bought 2,260 shares of Royal Gold, reflecting an investment valued at around $298,000. This new investment accounts for approximately 0.9% of Allianz Polska's overall portfolio, making Royal Gold its 18th largest holding.

Investors Adjust Their Holdings

In addition to Allianz Polska, several other large investors have altered their positions in Royal Gold. Veracity Capital LLC increased its stake by 5.0% in the fourth quarter, bringing its total ownership to 1,585 shares worth $209,000 after acquiring an additional 76 shares. Similarly, Savant Capital LLC grew its holdings by 0.4% during the fourth quarter and now owns 21,112 shares valued at $2,784,000 after purchasing 93 shares more. CIBC Asset Management Inc expanded its position by 0.7%, resulting in ownership of 12,894 shares worth $1,700,000 following the acquisition of 94 additional shares. Bessemer Group Inc. added to its investment by 0.4%, now holding 21,772 shares worth $2,871,000 after buying 94 shares in the last quarter. Lastly, Louisiana State Employees Retirement System increased its stake by 0.5%, owning 18,300 shares valued at $2,413,000 after purchasing an additional 100 shares. A significant 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Overview

Royal Gold shares opened at $162.19 on Friday, with the firm having a market capitalization of $10.67 billion. The stock has a price-to-earnings (P/E) ratio of 32.18 and a price-to-earnings growth (P/E/G) ratio of 3.42. Additionally, the company's 50-day moving average price is $148.67, while the 200-day moving average price is $144.67. Over the past year, Royal Gold, Inc. has experienced a low of $118.00 and a peak of $164.18.

Recent Earnings and Dividends

Royal Gold last reported its quarterly earnings on February 12th, announcing earnings per share (EPS) of $1.63, surpassing analysts' expectations of $1.46 by $0.17. The company maintained a net margin of 46.15% with a return on equity of 11.46%. Analysts forecast that Royal Gold, Inc. will achieve an EPS of 6.2 for the current year. Furthermore, the company recently declared a quarterly dividend of $0.45 per share, set to be paid on April 17th, with shareholders of record on April 4th. This translates into an annualized dividend of $1.80 and a yield of 1.11%, with a payout ratio of 35.71%.

Insider Activity

In related news, Randy Shefman, Senior Vice President, sold 1,300 shares of Royal Gold on March 17th at an average price of $154.98, totaling $201,474. Following this sale, Shefman now holds 9,360 shares valued at approximately $1,450,612.80. This transaction represents a 12.20% decrease in his ownership. Corporate insiders hold about 0.52% of the company's stock.

Analyst Ratings

The Jefferies Financial Group recently upgraded Royal Gold from a "hold" to a "buy" rating, increasing their price target from $154.00 to $178.00. Presently, one research analyst has assigned a sell rating, three have given hold ratings, and five have issued buy ratings. According to MarketBeat, Royal Gold has an average rating of "Hold" and a consensus target price of $168.86.

Company Profile

Royal Gold, Inc., along with its subsidiaries, focuses on acquiring and managing precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or financing projects in various stages, including production, development, or exploration, primarily involving metals such as gold, silver, copper, nickel, zinc, lead, and others.

Allianz, Royal, Investment, Shares, Dividend