VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 13,800 Royal Gold, Inc. $RGLD

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,800 shares of the basic materials company’s stock, valued at approximately $2,454,000.

Several other institutional investors have also recently bought and sold shares of RGLD. WPG Advisers LLC bought a new stake in Royal Gold in the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in Royal Gold in the 1st quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new stake in Royal Gold in the 1st quarter valued at approximately $34,000. Blue Trust Inc. lifted its stake in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 71 shares in the last quarter. Finally, Bayforest Capital Ltd raised its stake in shares of Royal Gold by 256.5% during the 1st quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Down 4.9%

RGLD opened at $184.64 on Wednesday. Royal Gold, Inc. has a 1-year low of $130.67 and a 1-year high of $209.42. The stock’s fifty day simple moving average is $187.86 and its 200 day simple moving average is $177.71. The stock has a market cap of $12.15 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $209.64 million for the quarter, compared to analyst estimates of $186.63 million. During the same period in the prior year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 3rd. Royal Gold’s dividend payout ratio is currently 26.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets set a $240.00 price objective on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Wall Street Zen upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Bank of America lifted their price target on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. Finally, Raymond James Financial set a $257.00 price target on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $214.11.

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.