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

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

A number of other institutional investors also recently bought and sold shares of RGLD. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Royal Gold during the 4th quarter worth approximately $741,000. Arizona State Retirement System boosted its position 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 purchasing an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Royal Gold by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after purchasing an additional 5,067 shares during the period. Commonwealth Equity Services LLC raised its holdings in Royal Gold by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after purchasing an additional 199 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Royal Gold during the fourth quarter valued at $455,000. 83.65% of the stock is owned by institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business'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 completion of the transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RGLD has been the topic of a number of recent research reports. BMO Capital Markets started coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price on the stock. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James raised their target price on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Royal Bank of Canada dropped their price target 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, CIBC upped their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $179.70 on Thursday. The firm's 50 day moving average price is $171.15 and its 200-day moving average price is $153.01. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The company has a market cap of $11.83 billion, a PE ratio of 35.65, a P/E/G ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The company had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. During the same period in the previous year, the business earned $0.91 EPS. The firm's revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. Royal Gold's payout ratio is currently 29.80%.

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.

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