EntryPoint Capital LLC Makes New $447,000 Investment in Royal Gold, Inc. (NASDAQ:RGLD)

EntryPoint Capital LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,393 shares of the basic materials company’s stock, valued at approximately $447,000.

Several other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Royal Gold in the 4th quarter worth $741,000. Arizona State Retirement System grew its stake 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 buying an additional 149 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Royal Gold by 187.5% in 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 lifted 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 valued at $1,130,000 after acquiring an additional 5,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Royal Gold during the 3rd quarter valued at about $1,201,000. 83.65% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $160.23 on Wednesday. The business’s 50-day moving average is $147.29 and its 200 day moving average is $144.26. The stock has a market capitalization of $10.54 billion, a PE ratio of 31.79, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1 year low of $110.01 and a 1 year high of $162.20.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.12%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One 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’s stock. According to MarketBeat.com, the company currently has a consensus 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.