New York State Common Retirement Fund Has $6.67 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

New York State Common Retirement Fund trimmed its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,146 shares of the basic materials company’s stock after selling 5,504 shares during the period. New York State Common Retirement Fund’s holdings in Royal Gold were worth $6,670,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RGLD. Private Advisor Group LLC boosted its position in shares of Royal Gold by 3.1% during the 3rd quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 115 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its holdings in shares of Royal Gold by 0.4% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 30,600 shares of the basic materials company’s stock valued at $3,254,000 after purchasing an additional 120 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Royal Gold by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock valued at $4,825,000 after purchasing an additional 125 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Royal Gold by 35.0% during the 4th quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after buying an additional 144 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Royal Gold by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 2,895 shares of the basic materials company’s stock worth $308,000 after buying an additional 148 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research analyst reports. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets lowered their target price on Royal Gold from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday. Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group began coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.75.

Royal Gold Trading Up 0.6 %

NASDAQ RGLD opened at $122.29 on Friday. The stock has a market capitalization of $8.04 billion, a P/E ratio of 33.60, a P/E/G ratio of 6.91 and a beta of 0.88. The business has a 50 day simple moving average of $116.55 and a 200 day simple moving average of $115.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts expect that Royal Gold, Inc. will post 4.36 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is currently 43.96%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

About Royal Gold

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.