Louisiana State Employees Retirement System cut its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 17,400 shares of the basic materials company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Royal Gold were worth $1,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGLD. Clearbridge Investments LLC increased its stake in shares of Royal Gold by 52,558.9% in the third quarter. Clearbridge Investments LLC now owns 582,934 shares of the basic materials company’s stock worth $44,921,000 after purchasing an additional 581,827 shares in the last quarter. Capital International Investors purchased a new position in Royal Gold during the third quarter valued at $11,251,000. FMR LLC grew its stake in Royal Gold by 36.4% during the second quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock valued at $49,880,000 after acquiring an additional 143,400 shares in the last quarter. St. James Investment Company LLC grew its stake in Royal Gold by 22.4% during the third quarter. St. James Investment Company LLC now owns 703,854 shares of the basic materials company’s stock valued at $54,239,000 after acquiring an additional 128,800 shares in the last quarter. Finally, Capital World Investors grew its stake in Royal Gold by 1.5% during the third quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock valued at $627,153,000 after acquiring an additional 121,000 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

RGLD stock opened at $82.83 on Friday. Royal Gold, Inc has a 52 week low of $70.16 and a 52 week high of $98.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.27 and a quick ratio of 4.00. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 5.47 and a beta of 0.13.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The business had revenue of $100.00 million for the quarter, compared to the consensus estimate of $98.88 million. During the same quarter last year, the business earned $0.44 EPS. Royal Gold’s revenue for the quarter was down 11.1% compared to the same quarter last year. Research analysts anticipate that Royal Gold, Inc will post 1.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.06 annualized dividend and a yield of 1.28%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.25. Royal Gold’s dividend payout ratio (DPR) is 60.23%.

RGLD has been the subject of several research analyst reports. ValuEngine raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Raymond James set a $94.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Thursday, November 1st. BidaskClub raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Barclays initiated coverage on shares of Royal Gold in a research note on Wednesday, October 10th. They set an “equal weight” rating and a $78.00 target price for the company. Finally, TD Securities cut shares of Royal Gold from a “buy” rating to a “hold” rating and cut their target price for the company from $97.00 to $88.00 in a research note on Friday, November 2nd. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Royal Gold has an average rating of “Buy” and an average price target of $93.61.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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