BKM Wealth Management LLC Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

BKM Wealth Management LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 299 shares of the basic materials company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsinvest Investeringsforvaltning acquired a new position in Royal Gold during the 4th quarter valued at approximately $237,000. Creative Financial Designs Inc. ADV grew its position in shares of Royal Gold by 86.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 703 shares of the basic materials company’s stock worth $85,000 after acquiring an additional 326 shares during the last quarter. Muhlenkamp & Co. Inc. increased its holdings in shares of Royal Gold by 1.0% in the 4th quarter. Muhlenkamp & Co. Inc. now owns 57,485 shares of the basic materials company’s stock worth $6,953,000 after acquiring an additional 594 shares during the period. Anchor Investment Management LLC bought a new position in Royal Gold in the 4th quarter worth about $172,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in Royal Gold by 92.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,495 shares of the basic materials company’s stock valued at $2,392,000 after buying an additional 10,833 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group began coverage on shares of Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Royal Gold has an average rating of “Hold” and a consensus target price of $143.56.

Read Our Latest Research Report on Royal Gold

Royal Gold Price Performance

Shares of Royal Gold stock opened at $111.00 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.82. The company has a 50-day simple moving average of $111.30 and a two-hundred day simple moving average of $112.78. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.86.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Analysts forecast that Royal Gold, Inc. will post 4.17 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. Royal Gold’s payout ratio is 43.96%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the transaction, the senior vice president now owns 12,127 shares of the company’s stock, valued at $1,370,351. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Royal Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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