Royal Gold, Inc. $RGLD Position Reduced by Strs Ohio

Strs Ohio decreased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 86.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,571 shares of the basic materials company’s stock after selling 10,172 shares during the quarter. Strs Ohio’s holdings in Royal Gold were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. lifted its position in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 71 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Royal Gold during the 2nd quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its position in Royal Gold by 33.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in Royal Gold by 568.4% during the second quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock worth $45,000 after buying an additional 216 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets set a $240.00 price target on shares of Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. CIBC lifted their target price on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Bank of America lifted their price target on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.50.

Royal Gold Stock Down 9.8%

Shares of Royal Gold stock opened at $263.31 on Monday. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.22 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 0.72 and a beta of 0.49. The business has a fifty day simple moving average of $235.20 and a 200 day simple moving average of $199.50. Royal Gold, Inc. has a 12 month low of $138.34 and a 12 month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The firm had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s payout ratio is presently 26.10%.

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.