Barlow Wealth Partners Inc. Invests $12.73 Million in Royal Gold, Inc. (NASDAQ:RGLD)

Barlow Wealth Partners Inc. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 105,267 shares of the basic materials company’s stock, valued at approximately $12,733,000. Royal Gold accounts for approximately 1.8% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 27th largest holding.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of Royal Gold by 12,032.4% during the fourth quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock valued at $22,219,000 after acquiring an additional 182,171 shares during the period. Van ECK Associates Corp raised its stake in shares of Royal Gold by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock worth $455,165,000 after buying an additional 54,449 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 buying an additional 51,795 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Royal Gold by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock valued at $23,408,000 after buying an additional 35,458 shares during the period. Finally, Gotham Asset Management LLC grew its holdings in Royal Gold by 261.9% during the third quarter. Gotham Asset Management LLC now owns 47,225 shares of the basic materials company’s stock worth $5,021,000 after acquiring an additional 34,175 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Down 0.5 %

Shares of RGLD traded down $0.59 during trading hours on Wednesday, reaching $123.41. The company’s stock had a trading volume of 380,088 shares, compared to its average volume of 427,998. The company has a 50 day moving average of $117.36 and a two-hundred day moving average of $115.63. 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 firm has a market cap of $8.11 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 6.99 and a beta of 0.88. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $142.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. During the same period last year, the firm earned $0.91 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts predict that Royal Gold, Inc. will post 4.36 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 43.96%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at $1,370,351. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in 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. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Jefferies Financial Group assumed coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. Finally, BMO Capital Markets reduced their target price on Royal Gold from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $141.43.

Royal Gold Company 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.