California State Teachers Retirement System Increases Position in Royal Gold, Inc. $RGLD

California State Teachers Retirement System grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 20.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,583 shares of the basic materials company’s stock after purchasing an additional 16,418 shares during the period. California State Teachers Retirement System’s holdings in Royal Gold were worth $25,088,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RGLD. Plancorp LLC boosted its holdings in Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after acquiring an additional 5,646 shares during the period. Bar Harbor Wealth Management purchased a new stake in Royal Gold during the fourth quarter worth about $7,916,000. World Investment Advisors purchased a new stake in Royal Gold during the fourth quarter worth about $1,024,000. TD Asset Management Inc lifted its position in shares of Royal Gold by 161.2% during the fourth quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company’s stock worth $9,744,000 after purchasing an additional 27,051 shares in the last quarter. Finally, WJ Financial Advisors LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth about $1,010,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on RGLD shares. Scotiabank reissued a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Royal Bank Of Canada reduced their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. 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 report on Friday, April 17th. Finally, Jefferies Financial Group dropped their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.27.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $198.35 on Friday. Royal Gold, Inc. has a one year low of $150.99 and a one year high of $306.25. The company has a market cap of $16.83 billion, a PE ratio of 23.64, a P/E/G ratio of 1.45 and a beta of 0.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The business has a 50-day simple moving average of $205.31 and a 200-day simple moving average of $241.27.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. Royal Gold’s payout ratio is currently 22.65%.

Royal Gold 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.