New York State Teachers Retirement System Cuts Stake in Royal Gold, Inc. (NASDAQ:RGLD)

New York State Teachers Retirement System lowered its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 58,844 shares of the basic materials company’s stock after selling 10,481 shares during the period. New York State Teachers Retirement System’s holdings in Royal Gold were worth $7,759,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after buying an additional 84,092 shares during the period. Bank of Montreal Can increased its stake in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after purchasing an additional 83,015 shares during the period. Swedbank AB purchased a new stake in shares of Royal Gold during the third quarter valued at approximately $11,246,000. FMR LLC grew its holdings in shares of Royal Gold by 35.3% in the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after purchasing an additional 46,615 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after buying an additional 39,394 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RGLD shares. Raymond James raised their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their price target for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and an average target price of $168.86.

Royal Gold Stock Up 1.5 %

Shares of RGLD stock opened at $149.10 on Wednesday. The business’s fifty day moving average is $139.54 and its 200 day moving average is $141.29. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.87 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Equities research analysts expect that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

About Royal Gold

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.