Teacher Retirement System of Texas Has $7.42 Million Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Teacher Retirement System of Texas grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,290 shares of the basic materials company's stock after buying an additional 9,402 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Royal Gold worth $7,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in Royal Gold in the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold in the third quarter valued at $36,000. Advisors Asset Management Inc. bought a new position in Royal Gold during the third quarter valued at about $38,000. Nomura Asset Management Co. Ltd. grew its holdings in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Royal Gold during the fourth quarter worth about $42,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price objective for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $168.86.

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Royal Gold Trading Up 2.2 %

Shares of RGLD traded up $3.47 during midday trading on Tuesday, hitting $160.64. The stock had a trading volume of 190,137 shares, compared to its average volume of 371,153. The business has a 50-day simple moving average of $146.79 and a two-hundred day simple moving average of $144.08. The firm has a market cap of $10.56 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $110.01 and a fifty-two week high of $159.23.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data 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 net margin of 46.15% and a return on equity of 11.46%. On average, analysts expect 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, April 4th. Royal Gold's dividend payout ratio is currently 35.71%.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.