Twinbeech Capital LP Invests $1.80 Million in Royal Gold, Inc. (NASDAQ:RGLD)

Twinbeech Capital LP purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,642 shares of the basic materials company's stock, valued at approximately $1,799,000.

Several other large investors have also modified their holdings of RGLD. Select Equity Group L.P. purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $55,825,000. Norges Bank purchased a new position in Royal Gold in the fourth quarter worth $44,009,000. BLI Banque de Luxembourg Investments purchased a new position in Royal Gold in the fourth quarter worth $27,536,000. Arrowstreet Capital Limited Partnership raised its position in Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after acquiring an additional 194,905 shares in the last quarter. Finally, Northern Trust Corp raised its position in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after acquiring an additional 168,569 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Stock Down 1.0%

Shares of RGLD traded down $1.83 during trading hours on Tuesday, reaching $178.76. 90,609 shares of the company traded hands, compared to its average volume of 417,348. The stock has a market capitalization of $11.77 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $191.78. The stock has a fifty day simple moving average of $172.62 and a 200 day simple moving average of $153.77.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data 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. The business had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's payout ratio is currently 29.80%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Royal Bank of Canada cut their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, CIBC raised their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.13.

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.