Louisiana State Employees Retirement System Boosts Stake in Royal Gold, Inc. $RGLD

Louisiana State Employees Retirement System lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,500 shares of the basic materials company’s stock after acquiring an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Royal Gold were worth $3,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. WPG Advisers LLC purchased a new stake in shares of Royal Gold in the first quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new position in Royal Gold in the first quarter worth approximately $32,000. Banque Cantonale Vaudoise bought a new position in Royal Gold in the first quarter worth approximately $34,000. Bayforest Capital Ltd grew its stake in Royal Gold by 256.5% in the first quarter. Bayforest Capital Ltd now owns 246 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Royal Gold in the first quarter worth approximately $40,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Down 6.1%

Shares of NASDAQ RGLD opened at $192.73 on Friday. The stock has a market capitalization of $12.69 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.62 and a beta of 0.41. The stock’s fifty day simple moving average is $182.52 and its two-hundred day simple moving average is $175.68. Royal Gold, Inc. has a 12-month low of $130.67 and a 12-month high of $206.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.11. The business had revenue of $209.64 million for the quarter, compared to analysts’ expectations of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RGLD shares. Wall Street Zen raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. TD Securities reissued a “buy” rating and issued a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Wednesday. Finally, Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.63.

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.