Twinbeech Capital LP Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Twinbeech Capital LP bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,642 shares of the basic materials company’s stock, valued at approximately $1,799,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold in the fourth quarter worth about $42,000. Jones Financial Companies Lllp grew its stake in shares of Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc increased its position in shares of Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 158 shares during the last quarter. Finally, Human Investing LLC bought a new position in shares of Royal Gold in the 4th quarter worth approximately $73,000. 83.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research reports. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC boosted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Raymond James upped their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Royal Bank of Canada lowered their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, BMO Capital Markets initiated coverage on Royal Gold in a report on Wednesday, April 16th. They set a “market perform” rating and a $196.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $183.00.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

Royal Gold Price Performance

Shares of RGLD stock opened at $179.70 on Thursday. Royal Gold, Inc. has a one year low of $119.72 and a one year high of $191.78. The company’s fifty day moving average price is $171.15 and its 200-day moving average price is $153.01. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The business had revenue of $193.44 million for the quarter, compared to analysts’ expectations of $176.17 million. During the same period last year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. Equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.00%. Royal Gold’s dividend payout ratio (DPR) is presently 29.80%.

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.