Axxcess Wealth Management LLC Invests $244,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Axxcess Wealth Management LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,014 shares of the basic materials company’s stock, valued at approximately $244,000.

A number of other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Royal Gold by 0.5% in the 4th quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock worth $520,536,000 after purchasing an additional 22,701 shares during the period. Northern Trust Corp raised its position in Royal Gold by 0.5% in the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock worth $74,339,000 after purchasing an additional 3,541 shares during the period. Charles Schwab Investment Management Inc. raised its position in Royal Gold by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 450,135 shares of the basic materials company’s stock worth $47,863,000 after purchasing an additional 3,067 shares during the period. California Public Employees Retirement System raised its position in Royal Gold by 3.1% in the 4th quarter. California Public Employees Retirement System now owns 247,112 shares of the basic materials company’s stock worth $29,891,000 after purchasing an additional 7,334 shares during the period. Finally, American Century Companies Inc. raised its position in Royal Gold by 28.0% in 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 during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RGLD shares. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets decreased their price objective on shares of Royal Gold from $162.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group started coverage on shares of Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective on the stock. Finally, Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold has a consensus rating of “Hold” and an average target price of $141.14.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at $1,370,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $125.37 on Friday. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $141.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The company’s 50-day moving average is $118.25 and its 200 day moving average is $115.76. The stock has a market capitalization of $8.24 billion, a P/E ratio of 34.44, a P/E/G ratio of 6.99 and a beta of 0.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. During the same period in the previous year, the firm earned $0.96 EPS. The company’s revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold, Inc. will post 4.36 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, April 4th. Royal Gold’s payout ratio is currently 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.