Allianz Polska Acquires Shares in Royal Gold, Inc.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. has acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD, TSE:RGL) during the fourth quarter of the previous year. This information comes from their latest Form 13F filing with the Securities and Exchange Commission. Allianz purchased 2,260 shares of this basic materials company, with a total valuation of approximately $298,000. This investment constitutes about 0.9% of Allianz Polska's overall portfolio, making Royal Gold its 18th largest holding.

Investor Movements

Several other prominent investors have also adjusted their holdings in Royal Gold. For example, Veracity Capital LLC increased its stake by 5.0% in the fourth quarter, now owning 1,585 shares valued at $209,000 after acquiring an additional 76 shares. Savant Capital LLC boosted its position by 0.4%, bringing its total to 21,112 shares valued at $2,784,000 following the purchase of an extra 93 shares. Additionally, CIBC Asset Management Inc raised its stake in Royal Gold by 0.7%, now holding 12,894 shares worth $1,700,000 after buying another 94 shares. Bessemer Group Inc. also increased its holdings by 0.4%, resulting in ownership of 21,772 shares valued at $2,871,000. Lastly, Louisiana State Employees Retirement System raised its position by 0.5% to 18,300 shares worth $2,413,000 after an additional 100 shares acquisition. Overall, 83.65% of Royal Gold’s stock is currently held by institutional investors.

Current Stock Performance

The stock of Royal Gold (RGLD) opened at $162.19 on the latest trading session. It has a market capitalization of $10.67 billion, a price-to-earnings (P/E) ratio of 32.18, a P/E/G ratio of 3.42, and a beta of 0.84. The company's 50-day moving average price stands at $148.67, while its 200-day moving average price is at $144.67. Over the past year, Royal Gold's stock has reached a low of $118.00 and a high of $164.18.

Dividend Information

Royal Gold has recently announced a quarterly dividend, which is scheduled to be paid on Thursday, April 17th. Shareholders who are on record as of Friday, April 4th will receive a dividend of $0.45 per share. The ex-dividend date for this dividend is also set for Friday, April 4th, representing an annualized dividend of $1.80, which yields approximately 1.11%. The company has a payout ratio of 35.71%.

Insider Transactions

In related news, Randy Shefman, the Senior Vice President, sold 1,300 shares of the company’s stock on March 17th. The shares were sold for an average price of $154.98, totaling $201,474. Following this sale, Shefman owns 9,360 shares valued at around $1,450,612.80. This transaction represented a 12.20% decrease in his ownership of the stock, and the sale was disclosed in a filing with the SEC.

Analysts’ Perspectives

Analysts have varying opinions on Royal Gold. Recently, Jefferies Financial Group upgraded the stock from a "hold" rating to a "buy" rating and increased their price target from $154.00 to $178.00. Among the research analysts, one has rated the stock as a sell, three as hold, and five as buy. According to MarketBeat, the average rating for the stock is currently "Hold," with a consensus price target of $168.86.

About Royal Gold

Royal Gold, Inc. and its subsidiaries focus on acquiring and managing precious metal streams, royalties, and related interests. The company engages in securing stream and royalty interests in exchange for financing projects at various stages, primarily in gold, silver, copper, nickel, zinc, lead, and other metals.

investment, stocks, RoyalGold