20,641 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by BCS Wealth Management

BCS Wealth Management acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,641 shares of the basic materials company's stock, valued at approximately $2,722,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold during the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. increased its position in 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 worth $41,000 after buying an additional 110 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Royal Gold in the third quarter valued at approximately $49,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James upped their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $168.86.

Royal Gold Price Performance

Shares of RGLD stock traded up $1.45 during trading hours on Tuesday, reaching $135.48. 499,230 shares of the company's stock were exchanged, compared to its average volume of 400,554. The company's 50 day moving average is $141.56 and its two-hundred day moving average is $139.98. The company has a market cap of $8.91 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analysts' expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold's revenue was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, analysts predict that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.33%. Royal Gold's dividend payout ratio (DPR) is 41.28%.

Insider Activity

In related news, Director William M. Hayes sold 1,984 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now directly owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company's stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.

Royal Gold Profile

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.