9,907 Shares in Royal Gold, Inc. $RGLD Bought by Strs Ohio

Key Points

• Strs Ohio acquired 9,907 shares of Royal Gold, Inc., worth approximately $1,620,000, in the first quarter of the year, highlighting increased institutional interest in the company.
• Analysts currently hold a consensus rating of "Moderate Buy" for Royal Gold, with a target price of $198.63, indicating a positive outlook despite recent downgrades from some firms.
• Royal Gold declared a quarterly dividend of $0.45 per share to be paid on October 17th, representing a 0.9% yield and reflecting a 26.39% payout ratio.

Strs Ohio acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,907 shares of the basic materials company's stock, valued at approximately $1,620,000.

Several other large investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in shares of Royal Gold during the 1st quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new position in shares of Royal Gold in the 1st quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Royal Gold in the 1st quarter worth $34,000. Bayforest Capital Ltd raised its position in shares of Royal Gold by 256.5% in the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company's stock worth $40,000 after buying an additional 177 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Royal Gold in the 1st quarter worth $40,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RGLD. Wall Street Zen upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Canaccord Genuity Group raised their target price on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. TD Securities reiterated a "buy" rating and issued a $237.00 price target (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $198.63.

Royal Gold Trading Up 1.9%

Royal Gold stock traded up $3.65 during trading hours on Friday, reaching $191.67. 4,324,266 shares of the company were exchanged, compared to its average volume of 719,789. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.49 and a beta of 0.43. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $196.00. The stock has a 50-day moving average of $170.83 and a 200 day moving average of $171.51.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same quarter last year, the firm posted $1.25 EPS. The company's revenue was up 20.4% on a year-over-year basis. As a group, research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 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 0.9%. The ex-dividend date of this dividend is Friday, October 3rd. Royal Gold's dividend payout ratio (DPR) is presently 26.39%.

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.