23,500 Shares in Royal Gold, Inc. $RGLD Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,500 shares of the basic materials company’s stock, valued at approximately $5,981,000.

A number of other hedge funds also recently added to or reduced their stakes in RGLD. Greenleaf Trust grew its stake in shares of Royal Gold by 2.9% in the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock valued at $342,000 after purchasing an additional 43 shares during the last quarter. WPG Advisers LLC increased its holdings in Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after buying an additional 46 shares in the last quarter. Parcion Private Wealth LLC increased its position in shares of Royal Gold by 2.9% in the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock valued at $378,000 after buying an additional 48 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in Royal Gold by 2.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 54 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Royal Gold by 4.4% in the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 56 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RGLD shares. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and an average target price of $280.70.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Royal Gold Stock Performance

RGLD opened at $207.95 on Friday. The business’s 50 day moving average is $226.65 and its 200-day moving average is $246.23. The stock has a market cap of $17.65 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.