Royal Gold, Inc. $RGLD Holdings Boosted by Strs Ohio

Strs Ohio lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 445.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,563 shares of the basic materials company's stock after acquiring an additional 6,992 shares during the quarter. Strs Ohio's holdings in Royal Gold were worth $1,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RGLD. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold in the third quarter worth approximately $29,000. Trust Co. of Toledo NA OH acquired a new position in Royal Gold in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new position in Royal Gold in the fourth quarter worth approximately $30,000. Bank & Trust Co grew its position in Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company's stock worth $31,000 after buying an additional 120 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Royal Gold by 8,400.0% in the third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company's stock worth $34,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. National Bank Financial decreased their price objective on shares of Royal Gold from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Scotiabank lowered shares of Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Finally, UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a "buy" rating in a research note on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $273.64.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. The trade was a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Isto sold 2,000 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,573 shares of company stock worth $2,127,091 over the last ninety days. Corporate insiders own 0.35% of the company's stock.

Royal Gold Stock Performance

Shares of RGLD opened at $225.90 on Wednesday. The company has a market capitalization of $19.17 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.43. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The company's fifty day moving average price is $259.46 and its 200 day moving average price is $238.00.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The business's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, analysts expect that Royal Gold, Inc. will post 12.5 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were given a $0.475 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold's payout ratio is 27.90%.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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