Public Employees Retirement System of Ohio Sells 1,626 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Public Employees Retirement System of Ohio decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,457 shares of the basic materials company's stock after selling 1,626 shares during the period. Public Employees Retirement System of Ohio's holdings in Royal Gold were worth $3,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold in the fourth quarter worth $42,000. Jones Financial Companies Lllp boosted its holdings in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 293 shares in the last quarter. IFP Advisors Inc increased its position in Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 158 shares during the period. Finally, Human Investing LLC purchased a new position in Royal Gold during the 4th quarter valued at $73,000. Institutional investors own 83.65% of the company's stock.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RGLD has been the subject of several research analyst reports. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Raymond James upped their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada decreased their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $183.13.

Royal Gold Trading Up 4.8%

Royal Gold stock traded up $8.59 during mid-day trading on Monday, hitting $186.71. The company had a trading volume of 602,894 shares, compared to its average volume of 421,186. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The company has a market capitalization of $12.29 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. The stock's 50 day moving average price is $174.31 and its two-hundred day moving average price is $154.82.

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

Royal Gold Dividend Announcement

The company 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 0.96%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's payout ratio is 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.