Counterpoint Mutual Funds LLC Takes $1.88 Million Position in Royal Gold, Inc. $RGLD

Key Points

• Counterpoint Mutual Funds LLC has taken a new position in Royal Gold, purchasing 10,556 shares valued at approximately $1.88 million.
• Several hedge funds have also recently increased their stakes in Royal Gold, with institutional investors now owning 83.65% of the company's stock.
• Analysts have mixed ratings for Royal Gold, with five analysts giving it a "Buy" rating and a consensus target price of $198.63.

Counterpoint Mutual Funds LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,556 shares of the basic materials company's stock, valued at approximately $1,877,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in shares of Royal Gold in the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new position in Royal Gold during the first quarter worth $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Royal Gold in the first quarter worth $34,000. Bayforest Capital Ltd raised its holdings in shares of Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Royal Gold in the first quarter worth $40,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Canaccord Genuity Group boosted their price target on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Wall Street Zen raised Royal Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, TD Securities reissued a "buy" rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $198.63.

Royal Gold Trading Down 0.1%

NASDAQ:RGLD opened at $191.52 on Tuesday. The firm has a market capitalization of $12.61 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43. The stock has a 50 day moving average of $171.47 and a 200-day moving average of $172.07. Royal Gold, Inc. has a 52 week low of $130.67 and a 52 week high of $196.00.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. The company had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business's revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Royal Gold's dividend payout ratio is 26.39%.

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.

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