Teacher Retirement System of Texas Sells 10,324 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Teacher Retirement System of Texas lowered its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,966 shares of the basic materials company's stock after selling 10,324 shares during the period. Teacher Retirement System of Texas owned 0.07% of Royal Gold worth $7,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RGLD. US Bancorp DE boosted its holdings in shares of Royal Gold by 10.1% in the fourth quarter. US Bancorp DE now owns 3,215 shares of the basic materials company's stock valued at $424,000 after purchasing an additional 295 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after buying an additional 293 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Royal Gold by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock valued at $63,843,000 after purchasing an additional 5,067 shares during the last quarter. M&T Bank Corp grew its stake in shares of Royal Gold by 17.1% in the fourth quarter. M&T Bank Corp now owns 3,860 shares of the basic materials company's stock worth $509,000 after acquiring an additional 564 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Royal Gold during the 4th quarter worth $18,427,000. Institutional investors own 83.65% of the company's stock.

Royal Gold Stock Up 0.5%

Royal Gold stock traded up $0.87 during midday trading on Wednesday, reaching $161.10. The stock had a trading volume of 631,856 shares, compared to its average volume of 455,903. The firm has a market capitalization of $10.60 billion, a PE ratio of 26.63, a P/E/G ratio of 1.20 and a beta of 0.44. Royal Gold, Inc. has a 12 month low of $125.69 and a 12 month high of $191.78. The firm's 50-day moving average price is $177.82 and its 200 day moving average price is $160.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The business had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. During the same period last year, the business earned $0.91 earnings per share. The business's quarterly revenue was up 29.9% on a year-over-year basis. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. Royal Gold's payout ratio is presently 29.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Raymond James Financial lifted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Canaccord Genuity Group boosted their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. CIBC upped their target price on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.13.

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.