Physician Wealth Advisors Inc. Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Physician Wealth Advisors Inc. bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, HoldingsChannel reports. The firm bought 720 shares of the basic materials company’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RGLD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Royal Gold during the fourth quarter worth about $741,000. Arizona State Retirement System lifted its holdings in shares of Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock valued at $2,515,000 after purchasing an additional 149 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after purchasing an additional 83,015 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after buying an additional 5,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock valued at $63,843,000 after buying an additional 5,067 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by insiders.

Royal Gold Stock Up 0.6 %

Shares of RGLD opened at $162.19 on Monday. The company has a market capitalization of $10.67 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a twelve month low of $118.00 and a twelve month high of $164.18. The firm has a 50 day moving average of $148.67 and a 200 day moving average of $144.79.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.86.

About Royal Gold

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.