Retirement Systems of Alabama Buys 73,939 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Retirement Systems of Alabama increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 92.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 153,896 shares of the basic materials company's stock after purchasing an additional 73,939 shares during the quarter. Retirement Systems of Alabama owned 0.23% of Royal Gold worth $25,164,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Capital World Investors increased its position in shares of Royal Gold by 0.4% during the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock valued at $1,156,842,000 after purchasing an additional 37,648 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Royal Gold by 1.4% during 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 purchasing an additional 89,298 shares during the last quarter. Northern Trust Corp increased its position in shares of Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after purchasing an additional 168,569 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Royal Gold by 18.1% during the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after purchasing an additional 152,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Royal Gold by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after purchasing an additional 49,206 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 0.1%

RGLD opened at $179.35 on Friday. Royal Gold, Inc. has a 12-month low of $122.51 and a 12-month high of $191.78. The business's fifty day simple moving average is $179.39 and its 200-day simple moving average is $158.16. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 1.31 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted 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 business had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The business's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is currently 29.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RGLD. Canaccord Genuity Group boosted their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Royal Bank Of Canada cut their price objective 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. 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 Financial upped their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, CIBC upped their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $185.33.

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.

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