BCS Wealth Management Increases Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

BCS Wealth Management raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,704 shares of the basic materials company’s stock after buying an additional 63 shares during the quarter. BCS Wealth Management’s holdings in Royal Gold were worth $3,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RGLD. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the 4th quarter worth about $42,000. Jones Financial Companies Lllp boosted its stake in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc boosted its stake in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 158 shares during the period. Human Investing LLC bought a new position in Royal Gold in the 4th quarter worth approximately $73,000. Finally, Blue Trust Inc. raised its holdings in shares of Royal Gold by 40.3% during the 4th quarter. Blue Trust Inc. now owns 574 shares of the basic materials company’s stock worth $81,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RGLD. Scotiabank upgraded Royal Gold from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James raised their price objective on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Finally, Wall Street Zen upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.13.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $175.93 on Friday. Royal Gold, Inc. has a one year low of $119.72 and a one year high of $191.78. The company’s fifty day moving average is $176.42 and its two-hundred day moving average is $156.05. The firm has a market capitalization of $11.58 billion, a P/E ratio of 34.91, a PEG ratio of 3.42 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The company had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 29.80%.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade 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 is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Royal Gold Company 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.