Axxcess Wealth Management LLC Buys Shares of 2,014 Royal Gold, Inc. (NASDAQ:RGLD)

Axxcess Wealth Management LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,014 shares of the basic materials company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Royal Gold in the fourth quarter valued at about $27,000. Larson Financial Group LLC grew its position in Royal Gold by 526.3% in the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Royal Gold in the fourth quarter valued at about $31,000. BKM Wealth Management LLC bought a new position in Royal Gold in the fourth quarter valued at about $36,000. Finally, Lindbrook Capital LLC grew its position in Royal Gold by 414.9% in the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

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

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. During the same period last year, the firm posted $0.96 earnings per share. Royal Gold’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, research analysts forecast that Royal Gold, Inc. will post 4.36 earnings per share for the current 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 1.28%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 43.96%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, VP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the transaction, the vice president now directly owns 9,473 shares of the company’s stock, valued at $986,897.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RGLD. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Jefferies Financial Group began coverage on Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price target on the stock. BMO Capital Markets reduced their price target on Royal Gold from $162.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Gold presently has an average rating of “Hold” and an average price target of $141.14.

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.