EntryPoint Capital LLC Purchases New Position in Royal Gold, Inc. (NASDAQ:RGLD)

EntryPoint Capital LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,393 shares of the basic materials company's stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Vanguard Group Inc. increased its stake in Royal Gold by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after buying an additional 89,298 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $2,255,000. American Century Companies Inc. raised its holdings in Royal Gold by 2.0% during the fourth quarter. American Century Companies Inc. now owns 221,771 shares of the basic materials company's stock worth $29,241,000 after acquiring an additional 4,453 shares in the last quarter. Virtu Financial LLC grew its stake in Royal Gold by 146.7% in the fourth quarter. Virtu Financial LLC now owns 8,339 shares of the basic materials company's stock valued at $1,099,000 after purchasing an additional 4,959 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Royal Gold by 20.1% during the 4th quarter. Teacher Retirement System of Texas now owns 56,290 shares of the basic materials company's stock worth $7,422,000 after purchasing an additional 9,402 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the business'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 completion of the transaction, the senior vice president now directly owns 9,360 shares in the company, 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. Corporate insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One 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 currently has a consensus rating of "Hold" and an average price target of $168.86.

Royal Gold Trading Up 0.6 %

Shares of NASDAQ:RGLD traded up $0.89 on Friday, hitting $162.19. The company had a trading volume of 525,406 shares, compared to its average volume of 387,226. The stock has a 50 day moving average price of $148.67 and a 200 day moving average price of $144.67. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $164.18.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.11%. Royal Gold's payout ratio is 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.