Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,844 shares of the basic materials company's stock after selling 10,481 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Royal Gold worth $7,759,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in Royal Gold by 1.9% during the 3rd quarter. Creative Planning now owns 8,347 shares of the basic materials company's stock worth $1,171,000 after purchasing an additional 157 shares during the period. Vontobel Holding Ltd. purchased a new stake in shares of Royal Gold in the third quarter valued at approximately $225,000. Blue Trust Inc. grew its holdings in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after acquiring an additional 213 shares during the period. Raymond James & Associates raised its position in Royal Gold by 7.8% in the third quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company's stock worth $10,621,000 after acquiring an additional 5,481 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Royal Gold by 2.6% in the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company's stock valued at $819,000 after acquiring an additional 150 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Down 2.5 %

Shares of Royal Gold stock traded down $3.79 on Friday, hitting $148.45. The company's stock had a trading volume of 524,072 shares, compared to its average volume of 440,498. The company has a market capitalization of $9.76 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.64. The firm has a fifty day moving average price of $139.50 and a 200-day moving average price of $141.52.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $168.86.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

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.