Allianz Towarzystwo Funduszy Inwestycyjnych Acquires Royal Gold Position

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. has made a significant move by acquiring a new position in Royal Gold, Inc. (NASDAQ:RGLD, TSE:RGL) during the fourth quarter. This information comes from the latest Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,260 shares of Royal Gold's stock, which amounts to an investment of approximately $298,000. This stake constitutes about 0.9% of Allianz Polska’s total investment portfolio, making it the 18th largest holding for the fund.

Investor Activity in Royal Gold

In addition to Allianz Polska, several other institutional investors have adjusted their holdings in Royal Gold recently. Veracity Capital LLC, for instance, increased its stake in the company by 5.0% in the last quarter, acquiring 76 additional shares to reach a total of 1,585 shares, now valued at $209,000. Savant Capital LLC also expanded its holdings slightly by 0.4%, now owning 21,112 shares worth $2,784,000 after obtaining 93 more shares during that time.

CIBC Asset Management Inc. raised its position in Royal Gold by 0.7%, increasing its total to 12,894 shares, valued at $1,700,000 after an additional 94 shares were purchased. Similarly, Bessemer Group Inc. boosted its stake by 0.4%, now holding 21,772 shares worth $2,871,000 after adding 94 shares to its holdings. Lastly, the Louisiana State Employees Retirement System improved its position by 0.5%, acquiring 100 more shares for a total of 18,300 shares valued at $2,413,000. Overall, about 83.65% of Royal Gold's stock is owned by institutional investors.

Royal Gold Stock Overview

As of the last trading session, shares of Royal Gold were priced at $162.19. The company holds a market capitalization of $10.67 billion and features a P/E ratio of 32.18 and a P/E/G ratio of 3.42, with a beta value of 0.84. The 50-day moving average price is $148.67, while the 200-day moving average stands at $144.67. Over the past year, Royal Gold's stock has fluctuated, reaching a low of $118.00 and a high of $164.18.

Recent Earnings and Dividend Information

Royal Gold recently released its quarterly earnings data, announcing an EPS of $1.63 for the quarter that surpassed analysts' expectations of $1.46 by $0.17. The company reported a net margin of 46.15% and achieved a return on equity of 11.46%. Analysts forecast an EPS of 6.2 for Royal Gold for the current fiscal year.

Additionally, Royal Gold announced a quarterly dividend of $0.45 per share set to be paid on April 17. Shareholders on record as of April 4 will receive this dividend, which translates to an annualized amount of $1.80 and a yield of 1.11%. The company's payout ratio sits at 35.71%.

Insider Movements

In insider trading activities, SVP Randy Shefman sold 1,300 shares of Royal Gold on March 17 at an average price of $154.98, totaling $201,474. Following this sale, his remaining ownership amounts to 9,360 shares, valued at approximately $1,450,612.80. Corporate insiders hold about 0.52% of the company's shares.

Analyst Perspectives on Royal Gold

Analysts have provided mixed reviews for Royal Gold. For instance, Jefferies Financial Group upgraded its rating from "hold" to "buy," raising the price target from $154.00 to $178.00. Currently, one analyst rates the stock as a sell, three as a hold, and five others have designated a buy rating. MarketBeat indicates that the average stock rating is "Hold" with a consensus target price of $168.86.

Understanding Royal Gold’s Operations

Royal Gold, Inc., along with its subsidiaries, specializes in acquiring and managing precious metal streams and royalties. The company focuses on acquiring stream and royalty interests or financing projects that are either in production, development, or exploration stages, primarily in the fields of gold, silver, copper, nickel, zinc, and lead.

investment, stocks, acquisition