New York State Common Retirement Fund Has $5.78 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

New York State Common Retirement Fund cut its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,801 shares of the basic materials company's stock after selling 2,503 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Royal Gold worth $5,775,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Veracity Capital LLC boosted its stake in Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after buying an additional 76 shares in the last quarter. Savant Capital LLC grew its position in shares of Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock worth $2,784,000 after buying an additional 93 shares during the period. CIBC Asset Management Inc raised its stake in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock worth $1,700,000 after buying an additional 94 shares during the period. Louisiana State Employees Retirement System increased its holdings in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after purchasing an additional 100 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

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Royal Gold Trading Up 0.4 %

RGLD stock traded up $0.65 during mid-day trading on Monday, reaching $147.65. The company's stock had a trading volume of 212,983 shares, compared to its average volume of 369,879. The company's 50 day moving average is $140.55 and its two-hundred day moving average is $142.46. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $155.64. The stock has a market cap of $9.71 billion, a PE ratio of 29.30, a P/E/G ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (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%. On average, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. Royal Gold's dividend payout ratio is currently 35.71%.

Analyst Ratings Changes

RGLD has been the topic of several research analyst reports. Raymond James upped their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. TD Securities upped their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of "Hold" and an average target price of $168.86.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company's stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.52% of the company's stock.

Royal Gold 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.