Arizona State Retirement System Acquires 1,069 Shares of Royal Gold, Inc (RGLD)

Arizona State Retirement System boosted its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,512 shares of the basic materials company’s stock after purchasing an additional 1,069 shares during the quarter. Arizona State Retirement System’s holdings in Royal Gold were worth $3,584,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Royal Gold during the second quarter valued at $151,000. Pendal Group Ltd raised its stake in Royal Gold by 100.3% during the second quarter. Pendal Group Ltd now owns 2,069 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 1,036 shares in the last quarter. Advisor Partners LLC purchased a new stake in Royal Gold during the second quarter valued at $219,000. CIBC Asset Management Inc purchased a new stake in Royal Gold during the second quarter valued at $220,000. Finally, Strs Ohio purchased a new stake in Royal Gold during the second quarter valued at $225,000. 75.43% of the stock is currently owned by institutional investors.

In other news, Director Jamie C. Sokalsky bought 2,000 shares of Royal Gold stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average price of $77.25 per share, with a total value of $154,500.00. Following the completion of the purchase, the director now owns 9,200 shares in the company, valued at approximately $710,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sybil E. Veenman bought 500 shares of Royal Gold stock in a transaction dated Wednesday, September 26th. The stock was purchased at an average cost of $78.11 per share, for a total transaction of $39,055.00. Following the purchase, the director now owns 2,515 shares of the company’s stock, valued at approximately $196,446.65. The disclosure for this purchase can be found here. In the last three months, insiders bought 4,500 shares of company stock worth $347,915. Insiders own 0.95% of the company’s stock.

A number of equities research analysts recently issued reports on RGLD shares. Barclays started coverage on shares of Royal Gold in a research note on Wednesday, October 10th. They set an “equal weight” rating and a $78.00 price target on the stock. TD Securities downgraded shares of Royal Gold from a “buy” rating to a “hold” rating and decreased their price target for the company from $97.00 to $88.00 in a research note on Friday, November 2nd. Canaccord Genuity set a $102.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research note on Tuesday, July 24th. ValuEngine downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $95.95.

Shares of RGLD opened at $74.37 on Friday. Royal Gold, Inc has a twelve month low of $71.91 and a twelve month high of $98.53. The firm has a market capitalization of $4.88 billion, a PE ratio of 42.26, a PEG ratio of 5.05 and a beta of 0.43. The company has a current ratio of 4.27, a quick ratio of 4.00 and a debt-to-equity ratio of 0.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The firm had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $98.88 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc will post 1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, October 4th. Royal Gold’s dividend payout ratio is currently 56.82%.

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Royal Gold Company Profile

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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

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