Cwm LLC Has $6.01 Million Position in Royal Gold, Inc. $RGLD

Cwm LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,036 shares of the basic materials company’s stock after purchasing an additional 2,154 shares during the period. Cwm LLC’s holdings in Royal Gold were worth $6,010,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. KBC Group NV increased its stake in shares of Royal Gold by 39.1% during the 4th quarter. KBC Group NV now owns 2,598 shares of the basic materials company’s stock worth $578,000 after purchasing an additional 730 shares during the last quarter. LBP AM SA increased its stake in shares of Royal Gold by 72.8% during the 4th quarter. LBP AM SA now owns 3,405 shares of the basic materials company’s stock worth $757,000 after purchasing an additional 1,434 shares during the last quarter. PFG Investments LLC increased its stake in shares of Royal Gold by 27.9% during the 4th quarter. PFG Investments LLC now owns 8,303 shares of the basic materials company’s stock worth $1,846,000 after purchasing an additional 1,812 shares during the last quarter. BCS Wealth Management increased its stake in shares of Royal Gold by 89.3% during the 4th quarter. BCS Wealth Management now owns 41,286 shares of the basic materials company’s stock worth $9,178,000 after purchasing an additional 19,478 shares during the last quarter. Finally, Abbington Investment Group acquired a new position in shares of Royal Gold during the 4th quarter worth about $684,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,573 shares of company stock valued at $2,127,091. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGLD. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Stock Performance

NASDAQ RGLD opened at $252.91 on Wednesday. The firm has a 50-day moving average of $265.78 and a 200-day moving average of $235.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The stock has a market cap of $21.46 billion, a PE ratio of 37.14, a P/E/G ratio of 1.59 and a beta of 0.55. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The business had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same period in the prior year, the business posted $1.63 earnings per share. Royal Gold’s revenue was up 85.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 12.19 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 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.