Public Employees Retirement System of Ohio boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,686 shares of the basic materials company’s stock after purchasing an additional 2,732 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Royal Gold worth $12,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. purchased a new stake in Royal Gold in the 4th quarter worth approximately $3,938,000. SG Americas Securities LLC increased its holdings in shares of Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after purchasing an additional 6,109 shares in the last quarter. Plancorp LLC lifted its stake in shares of Royal Gold by 69.8% in the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after purchasing an additional 5,646 shares during the period. Bar Harbor Wealth Management acquired a new position in shares of Royal Gold in the 4th quarter valued at $7,916,000. Finally, World Investment Advisors purchased a new stake in Royal Gold during the fourth quarter worth $1,024,000. 83.65% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Royal Gold
In other news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.
Royal Gold Price Performance
Royal Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.
Wall Street Analyst Weigh In
Several research firms recently commented on RGLD. Scotiabank restated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Jefferies Financial Group dropped their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada cut their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, UBS Group reduced their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $280.27.
Read Our Latest Report on RGLD
Royal Gold Company 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.
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