Retirement Systems of Alabama Has $8.72 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Retirement Systems of Alabama reduced its stake in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,020 shares of the basic materials company’s stock after selling 2,618 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Royal Gold worth $8,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors increased its position in Royal Gold by 1.8% in the 2nd quarter. Capital World Investors now owns 6,499,152 shares of the basic materials company’s stock worth $745,973,000 after buying an additional 114,212 shares during the period. State Street Corp increased its position in Royal Gold by 66.2% in the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock worth $588,192,000 after buying an additional 1,654,360 shares during the period. Norges Bank bought a new position in Royal Gold in the 4th quarter worth approximately $239,552,000. Geode Capital Management LLC increased its position in Royal Gold by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,015,143 shares of the basic materials company’s stock worth $116,518,000 after buying an additional 40,044 shares during the period. Finally, Northern Trust Corp increased its position in Royal Gold by 30.6% in the 2nd quarter. Northern Trust Corp now owns 695,597 shares of the basic materials company’s stock worth $79,841,000 after buying an additional 163,124 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Securities dropped their price target on Royal Gold from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. StockNews.com initiated coverage on Royal Gold in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, BMO Capital Markets boosted their price objective on Royal Gold from $137.00 to $139.00 and gave the company a “market perform” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and an average price target of $146.88.

Read Our Latest Analysis on Royal Gold

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $115.04 on Wednesday. The business’s fifty day moving average price is $119.49 and its two-hundred day moving average price is $113.93. Royal Gold, Inc. has a fifty-two week low of $101.82 and a fifty-two week high of $147.82. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 2.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.31 and a quick ratio of 2.17.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Royal Gold had a net margin of 37.83% and a return on equity of 8.18%. The company had revenue of $138.62 million during the quarter. As a group, analysts predict that Royal Gold, Inc. will post 3.33 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. This is a boost from Royal Gold’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, January 4th. Royal Gold’s dividend payout ratio is 45.07%.

Royal Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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