J.W. Cole Advisors Inc. Invests $219,000 in Royal Gold, Inc. (NASDAQ:RGLD)

J.W. Cole Advisors Inc. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,814 shares of the basic materials company’s stock, valued at approximately $219,000.

Several other large investors have also made changes to their positions in RGLD. CWM LLC raised its stake in shares of Royal Gold by 44.0% during the 3rd quarter. CWM LLC now owns 2,189 shares of the basic materials company’s stock worth $233,000 after buying an additional 669 shares during the period. SG Americas Securities LLC raised its stake in shares of Royal Gold by 43.6% during the 3rd quarter. SG Americas Securities LLC now owns 18,867 shares of the basic materials company’s stock worth $2,006,000 after buying an additional 5,731 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Royal Gold by 5.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,284 shares of the basic materials company’s stock worth $562,000 after buying an additional 258 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of Royal Gold by 0.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 46,953 shares of the basic materials company’s stock worth $4,993,000 after buying an additional 279 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Royal Gold by 19.6% during the third quarter. Handelsbanken Fonder AB now owns 11,602 shares of the basic materials company’s stock worth $1,234,000 after purchasing an additional 1,900 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on RGLD. Jefferies Financial Group began coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price target for the company. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $148.00 to $158.00 in a research report on Wednesday, March 27th. Finally, National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.25.

Royal Gold Stock Up 2.7 %

Shares of NASDAQ:RGLD opened at $124.19 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $114.42 and a two-hundred day moving average of $114.70. The stock has a market cap of $8.16 billion, a P/E ratio of 34.12, a PEG ratio of 7.21 and a beta of 0.87. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week 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 the consensus estimate of $0.75 by $0.20. The company had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, research analysts expect that Royal Gold, Inc. will post 4.18 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s payout ratio is currently 43.96%.

Insider Buying and Selling at Royal Gold

In other news, VP Randy Shefman sold 500 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total transaction of $52,090.00. Following the completion of the transaction, the vice president now directly owns 9,473 shares in the company, valued at approximately $986,897.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

About Royal Gold

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.