Arizona State Retirement System Has $5.20 Million Stock Position in Royal Gold, Inc. $RGLD

Arizona State Retirement System grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,370 shares of the basic materials company’s stock after purchasing an additional 2,749 shares during the quarter. Arizona State Retirement System’s holdings in Royal Gold were worth $5,195,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold in the 4th quarter valued at approximately $30,000. Bank & Trust Co raised its position in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 120 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Royal Gold in the 3rd quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. raised its position in shares of Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

RGLD opened at $246.06 on Tuesday. The business’s 50-day moving average price is $263.20 and its two-hundred day moving average price is $237.07. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 1.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. Equities analysts expect that Royal Gold, Inc. will post 12.27 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is currently 27.90%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research report on Monday, January 26th. National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $273.64.

Insider Activity

In other news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares in the company, valued at $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,573 shares of company stock worth $2,127,091 over the last ninety days. Insiders own 0.35% of the company’s stock.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.