Kohmann Bosshard Financial Services LLC Buys Shares of 319 Royal Gold, Inc. (NASDAQ:RGLD)

Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 319 shares of the basic materials company’s stock, valued at approximately $42,000.

A number of other large investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Royal Gold by 146.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,303 shares of the basic materials company’s stock valued at $1,866,000 after acquiring an additional 7,905 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Royal Gold by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,641 shares of the basic materials company’s stock worth $1,072,000 after acquiring an additional 515 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Royal Gold by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock valued at $748,000 after buying an additional 122 shares in the last quarter. QRG Capital Management Inc. increased its position in Royal Gold by 10.6% in the 3rd quarter. QRG Capital Management Inc. now owns 2,865 shares of the basic materials company’s stock valued at $402,000 after buying an additional 274 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in Royal Gold in the 3rd quarter valued at about $245,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Royal Gold Stock Up 0.4 %

Shares of NASDAQ RGLD opened at $147.56 on Tuesday. Royal Gold, Inc. has a twelve month low of $107.33 and a twelve month high of $155.64. The stock’s 50 day moving average price is $140.55 and its 200-day moving average price is $142.46. The company has a market capitalization of $9.70 billion, a PE ratio of 29.28, a PEG ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its 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 return on equity of 11.46% and a net margin of 46.15%. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s payout ratio is presently 35.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on RGLD. TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Raymond James boosted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. 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. Based on data from MarketBeat, the company presently has an average 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.