Teachers Retirement System of The State of Kentucky cut its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,130 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Royal Gold were worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in Royal Gold by 1.7% in the second quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 39 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Royal Gold by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 5,216 shares of the basic materials company’s stock worth $408,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems raised its holdings in Royal Gold by 0.8% in the second quarter. Utah Retirement Systems now owns 11,946 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE raised its holdings in Royal Gold by 6.4% in the second quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 127 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Royal Gold by 1.4% in the first quarter. Amalgamated Bank now owns 10,322 shares of the basic materials company’s stock worth $723,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

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A number of brokerages have commented on RGLD. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 target price on shares of Royal Gold in a report on Sunday, October 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a report on Wednesday, September 6th. FBR & Co upped their price objective on shares of Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, August 16th. Finally, National Bank Financial upped their price objective on shares of Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $92.68.

Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at 88.87 on Wednesday. The company has a 50-day moving average price of $89.66 and a 200-day moving average price of $80.84. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 57.34 and a beta of 0.57. Royal Gold, Inc. has a 12 month low of $60.21 and a 12 month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same period last year, the business posted $0.32 EPS. Royal Gold’s revenue was up 15.7% on a year-over-year basis. On average, analysts expect that Royal Gold, Inc. will post $1.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is 61.54%.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,345 shares of company stock worth $9,279,753. 1.12% of the stock is currently owned by corporate insiders.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

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

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