Royal Gold, Inc. $RGLD Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.1% in the 1st quarter, Holdings Channel reports. The fund owned 47,686 shares of the basic materials company’s stock after acquiring an additional 2,732 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Royal Gold were worth $12,136,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RGLD. Elyxium Wealth LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $27,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold during the fourth quarter worth approximately $30,000. Finally, Scarborough Advisors LLC purchased a new position in Royal Gold during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Royal Gold Stock Performance

NASDAQ RGLD opened at $200.96 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.38 and a beta of 0.44. The firm has a 50 day simple moving average of $207.65 and a 200-day simple moving average of $242.85.

Royal Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank restated a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. UBS Group reduced their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. National Bank Financial cut their price objective 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, Royal Bank Of Canada cut their price objective on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Moderate Buy” and a consensus price target of $280.27.

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.