Royal Gold, Inc. $RGLD Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,134 shares of the basic materials company’s stock after acquiring an additional 2,843 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Royal Gold were worth $3,586,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. SG Americas Securities LLC raised its position in shares of Royal Gold by 52.8% in the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after buying an additional 6,109 shares during the last quarter. Louisbourg Investments Inc. acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $3,938,000. Prospera Financial Services Inc acquired a new position in shares of Royal Gold in the third quarter valued at approximately $1,068,000. Ruffer LLP acquired a new position in shares of Royal Gold in the third quarter valued at approximately $16,636,000. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of Royal Gold by 576.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after buying an additional 29,927 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $240.57 on Friday. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The firm has a 50 day moving average price of $252.34 and a 200 day moving average price of $240.50. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.99 and a beta of 0.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The company had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Royal Gold’s revenue for the quarter was up 85.2% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 11.65 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 22.65%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,573 shares of company stock valued at $2,370,831 in the last ninety days. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RGLD shares. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial cut their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Company Profile

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.