Kohmann Bosshard Financial Services LLC Invests $42,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 319 shares of the basic materials company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Royal Gold by 187.5% during the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares during the period. Verition Fund Management LLC boosted its position in shares of Royal Gold by 213.1% during the third 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 period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Royal Gold during the third quarter worth about $1,201,000. Cerity Partners LLC boosted its position in Royal Gold by 114.5% during the third quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after purchasing an additional 17,227 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in Royal Gold during the fourth quarter valued at approximately $455,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the 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 transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Royal Gold Stock Up 0.4 %

RGLD opened at $147.56 on Tuesday. Royal Gold, Inc. has a 12-month low of $107.33 and a 12-month high of $155.64. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 3.42 and a beta of 0.90. The business has a 50 day moving average of $140.55 and a 200-day moving average of $142.46.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is currently 35.71%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several recent research reports. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. TD Securities increased their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.86.

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.