Royal Gold (RGLD) (NLC) (OMPI) (PT) (RLD) (TGS) (TRU) Jump Monday

Royal Gold, Inc. (NASDAQ:RGLD) closed at $73.00 Monday, gaining $3.00, or 4.29 percent.

Nalco Holding Co. (NYSE:NLC) closed at $32.80, up $0.73, or 2.28 percent.

Obagi Medical Products, Inc. (NASDAQ:OMPI) closed Monday at 10.11, jumping $0.34, or 3.48 percent.

Portugal Telecom, SGPS (NYSE:PT) soared Monday to close at $8.53, climbing $0.33, or 4.02 percent.

RealD Inc. (NYSE:RLD) closed at $14.74, increasing $0.84, or 6.16 percent.

Transportadora De Gas del Sur S (NYSE:TGS) closed up at $3.67 Monday, gaining $0.19, or 5.46 percent.

Torch Energy Royalty (NYSE:TRU) ended Monday trading at $2.45, rising $0.50, or 25.64 percent.

Newport (NEWP) (NLC) (MWV) (NOC) (NOV) Price Targets Adjusted

Price targets on Newport Co. (NASDAQ: NEWP), Nalco Holding Co (NYSE: NLC), MeadWestvaco Corp. (NYSE: MWV), Northrop Grumman Cor (NYSE: NOC) and National-Oilwell Varco, Inc. (NYSE: NOV) adjusted by analysts.

RBC Capital raised their price target on MeadWestvaco Corp. (MWV) from $35.00 to $40.00. They have an “outperform” rating on the company.

Needham & Company raised their price target on Newport Co. (NEWP) from $22.00 to $24.00. They have a “buy” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Nalco Holding Co (NLC) from $30.00 to $33.00. They have an “overweight” rating on the company.

Citigroup (NYSE:C) raised their price target on Northrop Grumman (NOC) from $76.00 to $79.00. They have a “buy” rating on the company.

RBC Capital cut their price target on National-Oilwell Varco, Inc. (NOV) from $95.00 to $90.00. They have an “outperform” rating on the company.

Warren Buffett Says Goodbye to Bank of America (NYSE:BAC)

In a filing with the Securities and Exchange Commission, Warren Buffett's Berkshire Hathaway (NYSE:BRK-A) revealed it totally divested of shares of Bank of America (NYSE:BAC) in the last quarter.

Buffett owned 5 million shares of Bank of America valued at around $745 million.

Bank of America had never been part of Berkshire's long-term financial holdings, which include M&T Bank (NYSE:MTB), American Express (NYSE:AXP), and Wells Fargo (NYSE:WFC).

One of Buffett's favorite companies, he acquired another 6.2 million shares of Wells Fargo in the fourth quarter. Berkshire's stake in Wells Fargo now stands at about 20 percent of the overall $52 billion investment portfolio held by the giant company.

Buffett lowered his stake in Bank of New York Mellon Corp. (NYSE:BK).

Non-bank stocks he sold were 6.5 million shares of Lowe's (NYSE:LOW); 6.1 million shares of Nalco Holding Co. (NYSE:NLC); 3.9 million shares of Fiserv Inc. (NASDAQ:FISV); 3.6 million shares of Nike Inc. (NYSE:NKE); 3.4 million shares of Nestle ; 1.9 million shares of Becton, Dickinson & Co. (NYSE:BDX); and 187,000 Comcast Corp. (NASDAQ:CMCSA) shares.

Nalco Holding (NYSE:NLC) Gets Bullish Outlook from Canaccord

Nalco Holding Co. (NYSE:NLC) continues to draw the admiration of Canaccord Genuity, which sees managment's execution of their strategy as impressive.

Canaccord says, "We stay bullish on Nalco’s growth strategy, despite rising commodity headwinds, as management’s execution remains impressive, in our view. We continue to favor Nalco’s growing presence in BRIC+, coupled with a focus on higher-value solutions (bolstered by attractive energy macro). We note this is the first quarter for new CFO Kathryn Mikells...We remain comfortable with our estimates and view consensus as achievable, forecasting revs/EPS of $1.055B/$0.37 vs. the Street at $1.07B/$0.41 (NLC will report Q4/10 after the close on Feb. 1)."

Canaccord Genuity reiterates a "Buy" rating on Nalco Holding Co. (NLC), which closed Thursday at $30.39, up $0.01, or 0.03. Canaccord has a price target of $38 on Nalco.

Nalco Holding (NYSE:NLC) Needs 5% Organic Growth to Meet Consensus

While Nalco Holding (NYSE:NLC) will lose dispersants sales at an estimate rate of 30 percent to 45 percent, according to Jefferies (NYSE:JEF), they still believe they'll be able to generate enough organic growth to meet consensus.

Jefferies stated, "we estimate the reduction in dispersant sales will undercut 30%-45% of Nalco's operating leverage in 2011. As a result, we estimate that, absent tailwinds from taxes, pricing, productivity, or raw materials."

Estimates by Jefferies is the loss in dispersant organic growth will be about 200bps in 2011.

Jefferies reiterates their "Buy" rating on Nalco Holding, which closed Thursday at $30.41, losing $0.18, or 0.59 percent. Jefferies raised their price target on Nalco from $32 to $36.