Barlow Wealth Partners Inc. Has $15.17 Million Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Barlow Wealth Partners Inc. lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 110,872 shares of the basic materials company’s stock after purchasing an additional 6,169 shares during the quarter. Royal Gold accounts for about 1.9% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 27th largest holding. Barlow Wealth Partners Inc. owned 0.17% of Royal Gold worth $15,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold in the third quarter worth about $36,000. Advisors Asset Management Inc. purchased a new stake in shares of Royal Gold in the 3rd quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. boosted its stake in 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 worth $41,000 after purchasing an additional 110 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in Royal Gold during the 3rd quarter worth approximately $49,000. Finally, Larson Financial Group LLC raised its stake in Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Royal Gold has an average rating of “Hold” and an average target price of $168.86.

Royal Gold Stock Up 1.6 %

NASDAQ RGLD opened at $140.73 on Wednesday. The company has a 50 day moving average price of $140.63 and a two-hundred day moving average price of $140.41. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10. The stock has a market capitalization of $9.25 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s revenue was up 39.8% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. As a group, equities analysts anticipate that Royal Gold, Inc. will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, January 3rd. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio (DPR) is 41.28%.

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.