New York State Common Retirement Fund Sells 5,504 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

New York State Common Retirement Fund decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,146 shares of the basic materials company’s stock after selling 5,504 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Royal Gold worth $6,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new position in shares of Royal Gold during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Gold in the 4th quarter valued at approximately $31,000. BKM Wealth Management LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $36,000. Lindbrook Capital LLC grew its holdings in shares of Royal Gold by 414.9% during the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 307 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Royal Gold by 35.0% during the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on RGLD shares. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets cut their price target on shares of Royal Gold from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group initiated coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.75.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $122.29 on Friday. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $147.82. The firm’s 50-day moving average price is $116.55 and its two-hundred day moving average price is $115.39. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 6.91 and a beta of 0.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 4.36 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.31%. Royal Gold’s dividend payout ratio (DPR) is 43.96%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at $1,370,351. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Royal Gold Profile

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.