California State Teachers Retirement System Decreases Stock Holdings in Royal Gold, Inc. $RGLD

California State Teachers Retirement System reduced its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,522 shares of the basic materials company's stock after selling 61 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Royal Gold worth $19,665,976 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Investment Management LLC acquired a new position in Royal Gold in the first quarter valued at approximately $25,000. Grove Bank & Trust boosted its position in Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company's stock worth $26,000 after acquiring an additional 62 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Royal Gold during the first quarter worth $32,000. Finally, Purpose Unlimited Inc. bought a new position in Royal Gold in the fourth quarter worth $33,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares of the company's stock, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Royal Gold Stock Up 0.4%

RGLD traded up $0.94 on Tuesday, reaching $249.28. 248,226 shares of the company traded hands, compared to its average volume of 864,316. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.90 and a beta of 0.50. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The stock's 50 day moving average price is $226.95 and its 200-day moving average price is $234.61.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analysts' expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company's revenue was up 114.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.81 earnings per share. On average, sell-side analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. Royal Gold's dividend payout ratio (DPR) is 20.74%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Scotiabank reiterated a "sector perform" rating and issued a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Jefferies Financial Group lowered their price target on Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a report on Monday, July 6th. Finally, UBS Group lifted their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $287.82.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to purchase a portion of the metals produced from certain projects at predetermined prices, or to receive revenue-based payments tied to mineral production.

Royal Gold's portfolio is organized into two primary businesses: streams and royalties. Its streaming agreements generally provide rights to purchase gold, silver, copper or other metals from mining operations, while its royalty interests entitle the company to a percentage of revenue or production from a mine without bearing the operator's ongoing costs.

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