After this afternoon's 2.3% surge to $134.68 per share, Royal Gold might just keep moving past its target price of $141.77. With an average analyst rating of hold, and target prices from $119.0 to $155.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 6.0%, and a short ratio of 5.5. Only 0.29% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.0% of Royal Gold's shares being owned by this investor type.
Institutions Invested in Royal Gold
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Blackrock Inc. | 11% | 7,053,000 | $949,897,988 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 10% | 6,626,902 | $892,511,112 |
| 2022-12-31 | Capital World Investors | 10% | 6,300,052 | $848,490,957 |
| 2022-12-31 | State Street Corporation | 6% | 4,018,814 | $541,253,840 |
| 2022-12-31 | Van Eck Associates Corporation | 6% | 3,992,123 | $537,659,096 |
| 2022-12-31 | First Eagle Investment Management, LLC | 5% | 3,584,316 | $482,735,652 |
| 2022-12-31 | Norges Bank Investment Management | 3% | 2,125,197 | $286,221,516 |
| 2022-12-31 | Findlay Park Partners LLP | 2% | 1,190,967 | $160,399,426 |
| 2022-12-31 | Acadian Asset Management. LLC | 2% | 1,097,291 | $147,783,143 |
| 2022-12-31 | Geode Capital Management, LLC | 1% | 943,467 | $127,066,128 |
