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

Teacher Retirement System of Texas lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors have also added to or reduced their stakes in RGLD. PFG Investments LLC increased its position in Royal Gold by 0.9% during the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 54 shares during the period. BCS Wealth Management increased its position in Royal Gold by 0.3% during the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after purchasing an additional 63 shares during the period. GoalVest Advisory LLC increased its position in Royal Gold by 5.2% during the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company's stock valued at $246,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. increased its position in Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 94 shares during the period. Finally, Parallel Advisors LLC increased its position in Royal Gold by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company's stock valued at $405,000 after purchasing an additional 104 shares during the period. Institutional investors own 83.65% of the company's stock.

Royal Gold Trading Down 4.8%

Shares of RGLD traded down $8.01 during trading hours on Tuesday, reaching $160.23. The stock had a trading volume of 1,916,037 shares, compared to its average volume of 454,957. Royal Gold, Inc. has a 12 month low of $125.69 and a 12 month high of $191.78. The firm has a 50-day simple moving average of $177.82 and a 200 day simple moving average of $160.90. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.20 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $176.17 million. During the same period last year, the business earned $0.91 EPS. Royal Gold's quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Analyst Ratings Changes

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