Strs Ohio Has $315,000 Position in Royal Gold, Inc. $RGLD

Strs Ohio reduced its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 86.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,571 shares of the basic materials company’s stock after selling 10,172 shares during the quarter. Strs Ohio’s holdings in Royal Gold were worth $315,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after buying an additional 2,876 shares during the period. Truist Financial Corp boosted its holdings in shares of Royal Gold by 16.9% during the second quarter. Truist Financial Corp now owns 6,735 shares of the basic materials company’s stock worth $1,198,000 after acquiring an additional 973 shares during the period. Ameritas Advisory Services LLC bought a new stake in Royal Gold in the 2nd quarter valued at $428,000. Finally, QRG Capital Management Inc. boosted its position in shares of Royal Gold by 13.3% in the second quarter. QRG Capital Management Inc. now owns 4,214 shares of the basic materials company’s stock valued at $749,000 after acquiring an additional 496 shares during the period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $263.31 on Monday. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $235.20 and a 200 day simple moving average of $199.50. The company has a market cap of $22.22 billion, a P/E ratio of 36.17, a PEG ratio of 0.72 and a beta of 0.49. Royal Gold, Inc. has a 12-month low of $138.34 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The business had revenue of $250.23 million during the quarter, compared to the consensus estimate of $275.11 million. During the same period in the previous year, the business posted $1.47 EPS. Royal Gold’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.7%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, January 2nd. Royal Gold’s dividend payout ratio is presently 26.10%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RGLD shares. CIBC increased their price target on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BMO Capital Markets set a $240.00 price objective on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Bank of America upped their target price on Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $243.50.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.