Employees Retirement System of Texas Makes New $284,000 Investment in Royal Gold, Inc. $RGLD

Employees Retirement System of Texas acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,599 shares of the basic materials company’s stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. NorthRock Partners LLC boosted its holdings in Royal Gold by 4.5% during the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 68 shares during the period. Blue Trust Inc. lifted its position in shares of Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 74 shares during the period. Intech Investment Management LLC grew its holdings in shares of Royal Gold by 0.5% in the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock valued at $2,705,000 after purchasing an additional 78 shares in the last quarter. Finally, Tiemann Investment Advisors LLC grew its holdings in shares of Royal Gold by 3.6% in the second quarter. Tiemann Investment Advisors LLC now owns 2,254 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $201.05 on Friday. Royal Gold, Inc. has a 12 month low of $130.67 and a 12 month high of $209.42. The firm has a market capitalization of $16.97 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The business’s fifty day moving average price is $189.60 and its 200 day moving average price is $178.85.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $250.23 million for the quarter, compared to analyst estimates of $275.11 million. During the same period in the prior year, the company posted $1.47 earnings per share. The company’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, January 2nd. Royal Gold’s dividend payout ratio is currently 26.10%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RGLD shares. BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Raymond James Financial set a $264.00 target price on Royal Gold in a research note on Thursday, November 6th. CIBC upped their price target on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, Bank of America lifted their price objective on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.40.

About Royal Gold

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.