California State Teachers Retirement System Lowers Position in Royal Gold, Inc (RGLD)
California State Teachers Retirement System lessened its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,284 shares of the basic materials company’s stock after selling 11,097 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Royal Gold worth $9,231,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Sei Investments Co. raised its holdings in Royal Gold by 660.2% during the 2nd quarter. Sei Investments Co. now owns 9,982 shares of the basic materials company’s stock valued at $780,000 after acquiring an additional 8,669 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Royal Gold by 8.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 224,519 shares of the basic materials company’s stock valued at $17,551,000 after acquiring an additional 16,714 shares during the period. First Trust Advisors LP raised its holdings in Royal Gold by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 44,100 shares of the basic materials company’s stock valued at $3,447,000 after acquiring an additional 1,673 shares during the period. Legal & General Group Plc raised its holdings in Royal Gold by 13.4% during the 2nd quarter. Legal & General Group Plc now owns 75,499 shares of the basic materials company’s stock valued at $5,902,000 after acquiring an additional 8,935 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Royal Gold by 70.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,664 shares of the basic materials company’s stock valued at $1,928,000 after acquiring an additional 10,222 shares during the period. 72.02% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on RGLD shares. Canaccord Genuity reissued a “buy” rating and set a $113.00 target price on shares of Royal Gold in a report on Sunday, October 1st. Royal Bank of Canada set a $89.00 target price on shares of Royal Gold and gave the company a “buy” rating in a report on Monday, October 23rd. BMO Capital Markets set a $105.00 target price on shares of Royal Gold and gave the company a “buy” rating in a report on Tuesday, November 14th. TheStreet raised shares of Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 target price on the stock in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $96.28.
Royal Gold, Inc (RGLD) opened at $87.65 on Wednesday. The company has a market cap of $5,740.00, a price-to-earnings ratio of 56.92, a PEG ratio of 4.91 and a beta of 0.46. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. Royal Gold, Inc has a 1 year low of $61.00 and a 1 year high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. sell-side analysts anticipate that Royal Gold, Inc will post 1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be given a dividend of $0.25 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, January 4th. Royal Gold’s payout ratio is 62.34%.
In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 4,500 shares of company stock valued at $383,820 over the last 90 days. Company insiders own 1.12% of the company’s stock.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL).
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with Analyst Ratings Network's FREE daily email newsletter.