Wealth Enhancement Advisory Services LLC Has $1.89 Million Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Wealth Enhancement Advisory Services LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,461 shares of the basic materials company’s stock after buying an additional 158 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Royal Gold were worth $1,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Royal Gold by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock valued at $748,000 after purchasing an additional 122 shares during the period. Larson Financial Group LLC lifted its stake in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after buying an additional 123 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Royal Gold by 2.5% in the second quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after buying an additional 141 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Royal Gold by 15.4% in the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock valued at $161,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Royal Gold Trading Up 1.1 %

Shares of NASDAQ RGLD opened at $135.48 on Wednesday. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.08 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The business has a fifty day simple moving average of $141.31 and a 200 day simple moving average of $140.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. On average, research analysts anticipate that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, January 3rd. Royal Gold’s dividend payout ratio is currently 41.28%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. TD Securities boosted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Raymond James lifted their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.86.

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.