Teacher Retirement System of Texas Increases Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Teacher Retirement System of Texas grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,290 shares of the basic materials company’s stock after buying an additional 9,402 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Royal Gold worth $7,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RGLD. Veracity Capital LLC grew its holdings in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 76 shares during the last quarter. Savant Capital LLC grew its holdings in Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after purchasing an additional 93 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after purchasing an additional 94 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after purchasing an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Royal Gold by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 104 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD stock opened at $157.01 on Friday. The company has a market capitalization of $10.32 billion, a P/E ratio of 31.15, a P/E/G ratio of 3.42 and a beta of 0.84. The company’s 50-day simple moving average is $146.33 and its two-hundred day simple moving average is $143.89. Royal Gold, Inc. has a one year low of $110.01 and a one year high of $158.94.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. Royal Gold’s dividend payout ratio is presently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $168.86.

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.