Royal Gold, Inc. $RGLD Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,427 shares of the basic materials company’s stock after selling 4,427 shares during the period. Texas Permanent School Fund Corp’s holdings in Royal Gold were worth $7,367,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of Royal Gold in the first quarter worth about $27,000. Cullen Frost Bankers Inc. grew 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 period. Blue Trust Inc. increased its stake in shares of Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Caldwell Trust Co acquired a new position in Royal Gold in the 2nd quarter worth about $36,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Royal Gold in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on RGLD. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Jefferies Financial Group reiterated a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research report on Sunday, December 7th. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.60.

Royal Gold Stock Down 1.3%

Shares of RGLD opened at $216.00 on Tuesday. The stock has a 50 day moving average price of $191.96 and a 200 day moving average price of $181.53. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $224.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The stock has a market capitalization of $18.23 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 0.84 and a beta of 0.48.

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

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.475 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. Royal Gold’s payout ratio is 26.10%.

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.