Royal Gold, Inc. (RGLD) Shares Bought by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 17,000 shares of the basic materials company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Royal Gold were worth $1,329,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Comerica Bank increased its stake in Royal Gold by 3.0% in the first quarter. Comerica Bank now owns 66,791 shares of the basic materials company’s stock valued at $4,636,000 after buying an additional 1,936 shares during the last quarter. ICM Asset Management Inc. WA purchased a new stake in Royal Gold during the fourth quarter valued at $1,829,000. Van ECK Associates Corp increased its stake in Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock valued at $343,321,000 after buying an additional 667,497 shares during the last quarter. Teachers Advisors LLC boosted its stake in Royal Gold by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 140,014 shares of the basic materials company’s stock valued at $8,870,000 after buying an additional 17,977 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in Royal Gold by 26.4% in the first quarter. LS Investment Advisors LLC now owns 5,672 shares of the basic materials company’s stock valued at $397,000 after buying an additional 1,185 shares during the period. 70.56% of the stock is owned by institutional investors and hedge funds.
Royal Gold, Inc. (RGLD) opened at 83.97 on Monday. The firm has a 50-day moving average price of $78.42 and a 200 day moving average price of $72.35. The stock has a market cap of $5.49 billion, a PE ratio of 53.65 and a beta of 0.66. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $87.74.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The company had revenue of $107 million for the quarter, compared to analyst estimates of $105.14 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Royal Gold, Inc. will post $1.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is presently 61.15%.
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Several research firms have recently commented on RGLD. Zacks Investment Research cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC restated an “overweight” rating and set a $84.00 price target (up previously from $83.00) on shares of Royal Gold in a research note on Tuesday, June 6th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research note on Friday, May 26th. Macquarie cut Royal Gold from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $83.00 price target on shares of Royal Gold in a research note on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Royal Gold currently has an average rating of “Buy” and a consensus target price of $89.77.
In other Royal Gold news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $2,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan Wenger sold 1,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $70.40, for a total value of $70,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock valued at $2,623,595 in the last quarter. 1.37% of the stock is currently owned by insiders.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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