Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 3,380 Shares of Royal Gold, Inc. $RGLD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 20.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,275 shares of the basic materials company’s stock after purchasing an additional 3,380 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Royal Gold were worth $4,507,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Royal Gold during the 4th quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold during the 3rd quarter worth approximately $29,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Gold during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in shares of Royal Gold during the 4th quarter worth approximately $30,000. Finally, Bank & Trust Co grew its stake in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. 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. National Bank Financial decreased their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Trading Down 1.3%

NASDAQ RGLD opened at $216.79 on Thursday. The company has a market cap of $18.40 billion, a PE ratio of 25.84, a PEG ratio of 1.63 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 12 month low of $150.75 and a 12 month high of $306.25. The stock has a 50 day moving average of $242.10 and a 200-day moving average of $244.73.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.35% of the company’s stock.

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.