BW Gestao de Investimentos Ltda. Buys Shares of 10,000 Royal Gold, Inc. (NASDAQ:RGLD)

BW Gestao de Investimentos Ltda. acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the basic materials company's stock, valued at approximately $1,318,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RGLD. Virtu Financial LLC purchased a new stake in Royal Gold during the third quarter valued at about $474,000. Franklin Resources Inc. raised its holdings in Royal Gold by 303.3% in the third quarter. Franklin Resources Inc. now owns 28,546 shares of the basic materials company's stock valued at $4,063,000 after buying an additional 21,468 shares during the period. GAMMA Investing LLC raised its holdings in Royal Gold by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company's stock valued at $338,000 after buying an additional 351 shares during the period. Everence Capital Management Inc. acquired a new position in Royal Gold during the fourth quarter valued at approximately $253,000. Finally, Diversified Trust Co purchased a new stake in Royal Gold during the fourth quarter worth approximately $264,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on Royal Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price for the company. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, Raymond James increased their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.00.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Royal Gold Stock Up 3.0 %

Shares of Royal Gold stock traded up $5.29 on Tuesday, hitting $184.53. 501,246 shares of the company's stock traded hands, compared to its average volume of 410,455. The firm's 50-day moving average is $166.00 and its 200 day moving average is $151.20. The stock has a market cap of $12.14 billion, a P/E ratio of 36.61, a PEG ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio is currently 35.71%.

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.