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

Teacher Retirement System of Texas cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,966 shares of the basic materials company's stock after selling 10,324 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Royal Gold worth $7,516,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RGLD. US Bancorp DE boosted its stake in shares of Royal Gold by 10.1% during 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 in the last quarter. Jones Financial Companies Lllp raised its position in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Royal Gold by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after purchasing an additional 5,067 shares in the last quarter. M&T Bank Corp increased its holdings in 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 purchasing an additional 564 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Royal Gold in the fourth quarter worth approximately $18,427,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 0.1%

Shares of NASDAQ:RGLD traded up $0.16 during mid-day trading on Wednesday, hitting $160.39. 990,133 shares of the company traded hands, compared to its average volume of 458,077. The stock has a market cap of $10.56 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.14 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 stock has a 50-day moving average price of $177.37 and a two-hundred day moving average price of $160.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.48% and a net margin of 52.15%. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given 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 29.80%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RGLD. Royal Bank Of Canada lowered their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Canaccord Genuity Group lifted their target price on Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Raymond James Financial lifted 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, CIBC lifted their target price on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Royal Gold has an average rating of "Moderate Buy" and a consensus price target 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.