Cwm LLC Sells 302 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Cwm LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 13.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,887 shares of the basic materials company’s stock after selling 302 shares during the quarter. Cwm LLC’s holdings in Royal Gold were worth $228,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RGLD. International Assets Investment Management LLC increased its position in shares of Royal Gold by 12,032.4% during the fourth quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock worth $22,219,000 after acquiring an additional 182,171 shares in the last quarter. Van ECK Associates Corp boosted its stake in Royal Gold by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock worth $455,165,000 after purchasing an additional 54,449 shares during the period. American Century Companies Inc. increased its holdings in Royal Gold by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company’s stock worth $25,160,000 after purchasing an additional 51,795 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Royal Gold by 261.9% in the 3rd quarter. Gotham Asset Management LLC now owns 47,225 shares of the basic materials company’s stock valued at $5,021,000 after purchasing an additional 34,175 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Royal Gold by 157.1% in the third quarter. Envestnet Asset Management Inc. now owns 51,382 shares of the basic materials company’s stock valued at $5,463,000 after purchasing an additional 31,399 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a 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. Jefferies Financial Group initiated coverage on shares of Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Finally, BMO Capital Markets lowered their price target on shares of Royal Gold from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.75.

Royal Gold Stock Performance

NASDAQ RGLD opened at $122.29 on Friday. The firm has a market capitalization of $8.04 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 6.91 and a beta of 0.88. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $116.55 and its two-hundred day moving average price is $115.39. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The company had revenue of $152.70 million for the quarter, compared to analysts’ expectations of $140.32 million. During the same period in the prior year, the firm earned $0.91 EPS. Royal Gold’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Royal Gold, Inc. will post 4.36 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.40 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.31%. Royal Gold’s dividend payout ratio is 43.96%.

Royal Gold 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.