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

EntryPoint Capital LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,393 shares of the basic materials company’s stock, valued at approximately $447,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGLD. Proficio Capital Partners LLC bought a new position in Royal Gold during the fourth quarter valued at $18,427,000. Raymond James Financial Inc. purchased a new position in shares of Royal Gold during the 4th quarter valued at $11,998,000. Vanguard Group Inc. grew its stake in shares of Royal Gold by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock worth $877,058,000 after acquiring an additional 89,298 shares during the period. Bank of Montreal Can increased its holdings in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after acquiring an additional 83,015 shares during the last quarter. Finally, Swedbank AB bought a new stake in Royal Gold in the 3rd quarter valued at about $11,246,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.86.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Royal Gold Stock Up 1.9 %

RGLD stock opened at $160.23 on Wednesday. The stock has a 50-day simple moving average of $147.29 and a two-hundred day simple moving average of $144.26. Royal Gold, Inc. has a twelve month low of $110.01 and a twelve month high of $162.20. The firm 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 (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. Royal Gold’s dividend payout ratio is currently 35.71%.

Royal Gold Company 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.