WJ Financial Advisors LLC Acquires New Holdings in Royal Gold, Inc. $RGLD

WJ Financial Advisors LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,544 shares of the basic materials company’s stock, valued at approximately $1,010,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. SG Americas Securities LLC lifted its holdings in shares of Royal Gold by 52.8% in the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after purchasing an additional 6,109 shares during the last quarter. Louisbourg Investments Inc. bought a new position in Royal Gold during the 4th quarter worth $3,938,000. Prospera Financial Services Inc bought a new position in Royal Gold during the 3rd quarter worth $1,068,000. Financiere des Professionnels Fonds d investissement inc. increased its position in Royal Gold by 275.8% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock worth $1,335,000 after buying an additional 4,885 shares during the period. Finally, Ruffer LLP acquired a new stake in Royal Gold in the third quarter worth $16,636,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the transaction, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This represents a 40.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,573 shares of company stock valued at $2,127,091 over the last three months. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RGLD shares. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Stock Down 1.2%

RGLD stock opened at $230.59 on Friday. The firm has a market cap of $19.56 billion, a PE ratio of 33.86, a P/E/G ratio of 1.35 and a beta of 0.44. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The firm has a 50 day simple moving average of $260.65 and a 200 day simple moving average of $237.57.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. Equities research analysts forecast that Royal Gold, Inc. will post 12.5 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 27.90%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.