BCS Wealth Management Buys 19,478 Shares of Royal Gold, Inc. $RGLD

Key Points

• BCS Wealth Management boosted its stake in Royal Gold by 89.3%, buying 19,478 shares to hold 41,286 shares valued at about $9.18 million at the end of the quarter.
• Royal Gold missed quarterly estimates with EPS of $1.92 versus a $2.68 consensus and revenue of $310.8M vs. $425.5M expected (revenue was up 85.2% YoY); the company also declared a quarterly dividend of $0.475 (annualized $1.90, ~0.7% yield).
• Insiders sold 7,573 shares worth roughly $2.13 million over the past 90 days (including director sales around $275/share), and insiders now own 0.49% of the company.

BCS Wealth Management boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 89.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,286 shares of the basic materials company's stock after purchasing an additional 19,478 shares during the quarter. BCS Wealth Management's holdings in Royal Gold were worth $9,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Royal Gold by 52.8% in the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company's stock valued at $3,928,000 after acquiring an additional 6,109 shares during the period. Louisbourg Investments Inc. bought a new stake in shares of Royal Gold in the fourth quarter valued at about $3,938,000. Prospera Financial Services Inc bought a new stake in shares of Royal Gold in the third quarter valued at about $1,068,000. Financiere des Professionnels Fonds d investissement inc. boosted its position in shares of Royal Gold by 275.8% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company's stock valued at $1,335,000 after acquiring an additional 4,885 shares during the period. Finally, Ruffer LLP bought a new stake in shares of Royal Gold in the third quarter valued at about $16,636,000. 83.65% of the stock is owned by institutional investors.

Insider Activity at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the sale, the director owned 6,129 shares in the company, valued at $1,698,162.03. The trade was a 40.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,573 shares of company stock worth $2,127,091 over the last ninety days. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Scotiabank downgraded Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price target for the company. in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.56.

Royal Gold Stock Performance

Royal Gold stock opened at $271.52 on Wednesday. The business has a 50 day moving average of $266.38 and a 200-day moving average of $233.41. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The company has a market capitalization of $23.04 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.59 and a beta of 0.55.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the company earned $1.63 EPS. The business's quarterly revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold's dividend payout ratio is presently 27.90%.

Royal Gold Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.