Oregon Public Employees Retirement Fund Lowers Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Oregon Public Employees Retirement Fund cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.0% in the second quarter, Holdings Channel reports. The institutional investor owned 13,667 shares of the basic materials company’s stock after selling 2,600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Royal Gold were worth $1,711,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new stake in Royal Gold in the 1st quarter worth $36,000. Janiczek Wealth Management LLC raised its position in shares of Royal Gold by 321.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the last quarter. Fortis Group Advisors LLC lifted its stake in Royal Gold by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after buying an additional 223 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Royal Gold by 31.3% in the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after buying an additional 116 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in Royal Gold during the 2nd quarter worth approximately $62,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RGLD. CIBC lifted their price target on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. BMO Capital Markets lifted their target price on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Tuesday. Raymond James boosted their price target on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research report on Friday, August 9th. Finally, Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $157.00.

Royal Gold Trading Down 2.5 %

Royal Gold stock opened at $134.04 on Friday. The stock has a market cap of $8.81 billion, a P/E ratio of 39.54, a PEG ratio of 1.13 and a beta of 0.90. The company has a 50-day moving average price of $135.33 and a 200 day moving average price of $125.54. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $142.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. During the same quarter last year, the firm earned $0.88 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. As a group, analysts forecast that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.40 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Royal Gold’s dividend payout ratio is currently 47.20%.

Insider Activity

In related news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. The disclosure for this sale can be found here. Insiders have sold a total of 7,515 shares of company stock valued at $1,049,834 in the last quarter. 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.