Teacher Retirement System of Texas Has $7.52 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Teacher Retirement System of Texas decreased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 0.07% of Royal Gold worth $7,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of RGLD. Alpine Bank Wealth Management bought a new position in Royal Gold during the first quarter valued at about $32,000. Jones Financial Companies Lllp boosted its stake in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after buying an additional 293 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in Royal Gold during the fourth quarter valued at about $95,000. Nemes Rush Group LLC bought a new position in Royal Gold during the fourth quarter valued at about $129,000. Finally, Farther Finance Advisors LLC boosted its stake in Royal Gold by 29.5% during the first quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock valued at $133,000 after buying an additional 185 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Down 6.4%

NASDAQ RGLD traded down $11.58 during trading on Monday, reaching $168.24. 3,050,059 shares of the company's stock were exchanged, compared to its average volume of 451,536. Royal Gold, Inc. has a fifty-two week low of $125.69 and a fifty-two week high of $191.78. The firm has a market capitalization of $11.07 billion, a PE ratio of 27.85, a P/E/G ratio of 1.30 and a beta of 0.44. The company's fifty day simple moving average is $178.22 and its 200-day simple moving average is $160.91.

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 for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 12.48% and a net margin of 52.15%. The company had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the business earned $0.91 EPS. The business's quarterly revenue was up 29.9% on a year-over-year basis. Equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 1.07%. The ex-dividend date is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RGLD shares. CIBC increased their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Canaccord Genuity Group increased their price target on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. Raymond James Financial increased their price target 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, BMO Capital Markets set a $197.00 price target on Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Three investment 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's stock. According to data from MarketBeat, Royal Gold has an average rating of "Moderate Buy" and an average 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.