Texas Permanent School Fund Corp Trims Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Texas Permanent School Fund Corp lowered its stake in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,789 shares of the basic materials company’s stock after selling 2,039 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Royal Gold worth $5,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Capital World Investors lifted its position in Royal Gold by 1.8% in the 2nd quarter. Capital World Investors now owns 6,499,152 shares of the basic materials company’s stock valued at $745,973,000 after acquiring an additional 114,212 shares in the last quarter. Van ECK Associates Corp lifted its position in Royal Gold by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock valued at $455,165,000 after acquiring an additional 54,449 shares in the last quarter. State Street Corp lifted its position in Royal Gold by 66.2% in the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock valued at $588,192,000 after acquiring an additional 1,654,360 shares in the last quarter. Norges Bank bought a new position in Royal Gold in the 4th quarter valued at approximately $239,552,000. Finally, Geode Capital Management LLC lifted its position in Royal Gold by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,015,143 shares of the basic materials company’s stock valued at $116,518,000 after acquiring an additional 40,044 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Securities lowered their price objective on Royal Gold from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $146.88.

Check Out Our Latest Research Report on RGLD

Royal Gold Price Performance

NASDAQ RGLD opened at $111.66 on Monday. The business’s fifty day moving average price is $118.48 and its 200-day moving average price is $113.45. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.31 and a quick ratio of 2.17. Royal Gold, Inc. has a 1-year low of $101.82 and a 1-year high of $147.82.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were issued a $0.40 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is currently 45.07%.

Royal Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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