Bcwm LLC Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Bcwm LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,339 shares of the basic materials company's stock, valued at approximately $1,100,000.

Several other large investors have also bought and sold shares of the business. Physician Wealth Advisors Inc. bought a new stake in shares of Royal Gold in the 4th quarter valued at about $95,000. Arrowstreet Capital Limited Partnership grew its holdings in Royal Gold by 181.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock valued at $39,846,000 after purchasing an additional 194,905 shares during the period. Pictet Asset Management Holding SA raised its holdings in Royal Gold by 8.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,571 shares of the basic materials company's stock worth $1,262,000 after purchasing an additional 781 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Royal Gold during the fourth quarter worth $198,000. Finally, Norges Bank acquired a new position in shares of Royal Gold in the 4th quarter valued at $44,009,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and lifted their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $168.86.

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Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD traded up $1.84 on Thursday, reaching $166.40. The company had a trading volume of 321,234 shares, compared to its average volume of 460,847. The company's fifty day moving average is $150.16 and its 200-day moving average is $145.23. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $168.32.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.

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.