Arizona State Retirement System cut its position in Royal Gold Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,442 shares of the company’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in Royal Gold were worth $1,970,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quantitative Investment Management LLC acquired a new stake in shares of Royal Gold during the third quarter worth about $1,316,000. First Trust Advisors LP increased its position in Royal Gold by 92.3% in the third quarter. First Trust Advisors LP now owns 152,798 shares of the company’s stock valued at $11,831,000 after buying an additional 73,324 shares during the period. Mutual of America Capital Management LLC increased its position in Royal Gold by 3.2% in the third quarter. Mutual of America Capital Management LLC now owns 49,422 shares of the company’s stock valued at $3,827,000 after buying an additional 1,510 shares during the period. Quantbot Technologies LP bought a new position in Royal Gold during the third quarter valued at approximately $576,000. Finally, Sprott Inc. increased its position in Royal Gold by 522.8% in the third quarter. Sprott Inc. now owns 177,109 shares of the company’s stock valued at $13,714,000 after buying an additional 148,671 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

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

Shares of Royal Gold Inc. (NASDAQ:RGLD) traded up 0.99% during trading on Tuesday, hitting $71.61. 616,869 shares of the stock were exchanged. The company’s market cap is $4.68 billion. Royal Gold Inc. has a one year low of $24.68 and a one year high of $87.74. The stock’s 50 day moving average price is $69.21 and its 200-day moving average price is $72.64.

Royal Gold (NASDAQ:RGLD) last released its earnings results on Thursday, November 3rd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business earned $117.90 million during the quarter, compared to analysts’ expectations of $2.40 million. Royal Gold had a negative net margin of 0.57% and a positive return on equity of 3.65%. The company’s quarterly revenue was up 59.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, analysts predict that Royal Gold Inc. will post $1.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, January 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This is a positive change from Royal Gold’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. Royal Gold’s payout ratio is presently -3,066.67%.

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Several research analysts have commented on the stock. FBR & Co increased their price objective on shares of Royal Gold from $78.00 to $80.00 and gave the company a “mkt perform” rating in a report on Friday, August 12th. Barclays PLC increased their price objective on shares of Royal Gold from $62.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. RBC Capital Markets reissued an “outperform” rating on shares of Royal Gold in a report on Tuesday, September 20th. Finally, CIBC raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and set a $90.00 price objective for the company in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Royal Gold presently has an average rating of “Buy” and an average target price of $75.62.

In related news, CFO Stefan Wenger sold 9,917 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $68.03, for a total transaction of $674,653.51. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

5 Day Chart for NASDAQ:RGLD

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