Bcwm LLC Buys Shares of 8,339 Royal Gold, Inc. (NASDAQ:RGLD)

Bcwm LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,339 shares of the basic materials company’s stock, valued at approximately $1,100,000.

A number of other institutional investors and hedge funds have also modified their holdings of RGLD. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Royal Gold during the fourth quarter worth about $741,000. Arizona State Retirement System grew its stake in Royal Gold by 0.8% in the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock worth $2,515,000 after acquiring an additional 149 shares during the period. Bank of Montreal Can raised its holdings in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after acquiring an additional 83,015 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Royal Gold by 213.1% during the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after purchasing an additional 5,480 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Royal Gold by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock worth $63,843,000 after purchasing an additional 5,067 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Royal Gold Stock Up 0.6 %

Shares of RGLD stock opened at $162.19 on Friday. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $164.18. The firm’s 50 day moving average price is $148.67 and its two-hundred day moving average price is $144.73. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.86.

About Royal Gold

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.