WJ Financial Advisors LLC Invests $1.01 Million in Royal Gold, Inc. $RGLD

Key Points

• WJ Financial Advisors bought a new stake of 4,544 shares in Royal Gold (NASDAQ:RGLD) worth about $1.01 million, and institutional investors now own roughly 83.65% of the stock.
• Royal Gold missed quarterly expectations, reporting EPS of $1.92 vs. the $2.68 consensus (a $0.76 shortfall) and revenue of $310.8M vs. $425.5M expected, though revenue was up 85.2% year-over-year.
• Analysts show a consensus rating of "Moderate Buy" with a $273.64 target (8 Buys, 3 Holds, 1 Sell), while insiders sold about 7,573 shares (~$2.13M) over the last quarter.

WJ Financial Advisors LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,544 shares of the basic materials company's stock, valued at approximately $1,010,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PKO Investment Management Joint Stock Co grew its holdings in shares of Royal Gold by 38.2% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 29,237 shares of the basic materials company's stock worth $6,499,000 after purchasing an additional 8,087 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Royal Gold by 114.0% during the fourth quarter. Benjamin Edwards Inc. now owns 2,666 shares of the basic materials company's stock worth $593,000 after purchasing an additional 1,420 shares in the last quarter. Strs Ohio lifted its holdings in shares of Royal Gold by 445.1% in the 4th quarter. Strs Ohio now owns 8,563 shares of the basic materials company's stock valued at $1,903,000 after purchasing an additional 6,992 shares during the last quarter. Composition Wealth LLC purchased a new stake in shares of Royal Gold in the 4th quarter valued at about $202,000. Finally, Sigma Planning Corp acquired a new stake in shares of Royal Gold in the 4th quarter valued at about $1,460,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Royal Gold in a research note on Tuesday, April 21st. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a "buy" rating in a research report on Wednesday, April 15th. National Bank Financial cut their target price on shares of Royal Gold from $350.00 to $340.00 and set an "outperform" rating on the stock in a report on Friday, April 17th. Finally, Scotiabank downgraded shares of 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 report on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.64.

Royal Gold Trading Down 1.2%

Shares of RGLD stock opened at $230.59 on Friday. The business's 50 day moving average is $260.65 and its two-hundred day moving average is $237.57. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a market capitalization of $19.56 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.44. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $310.83 million for the quarter, compared to analysts' expectations of $425.47 million. During the same quarter last year, the company earned $1.63 EPS. Royal Gold's revenue for the quarter was up 85.2% compared to the same quarter last year. Equities analysts forecast that Royal Gold, Inc. will post 12.5 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold's dividend payout ratio (DPR) is 27.90%.

Insider Activity

In related news, SVP Daniel Breeze sold 1,400 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. This represents a 6.50% decrease in their position. The transaction 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 firm'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 transaction, the director directly owned 6,129 shares of the company's stock, 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 a total of 7,573 shares of company stock valued at $2,127,091 over the last quarter. Corporate insiders own 0.35% of the company's stock.

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.