Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,515 shares of the basic materials company's stock after selling 5,999 shares during the quarter. California Public Employees Retirement System owned about 0.46% of Royal Gold worth $39,887,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Veracity Capital LLC grew its stake in shares of Royal Gold by 5.0% in the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 76 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock worth $2,784,000 after purchasing an additional 93 shares during the period. CIBC Asset Management Inc grew its position in Royal Gold by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Royal Gold by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock valued at $2,413,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC raised its position in Royal Gold by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company's stock worth $405,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Remove Ads

Royal Gold Price Performance

Shares of RGLD stock traded up $1.38 during midday trading on Monday, reaching $156.98. 1,145,015 shares of the company traded hands, compared to its average volume of 394,527. The firm has a market cap of $10.32 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. The firm's 50 day simple moving average is $151.43 and its two-hundred day simple moving average is $145.69. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $169.00.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Royal Gold's dividend payout ratio is presently 35.71%.

Analyst Ratings Changes

Several brokerages have recently weighed in on RGLD. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and lifted their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Raymond James increased their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of "Moderate Buy" and an average target price of $170.75.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Royal Gold Company Profile

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.