Teachers Retirement System of The State of Kentucky Has $1.21 Million Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Teachers Retirement System of The State of Kentucky cut its stake in Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,541 shares of the basic materials company’s stock after selling 600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Royal Gold were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Capital World Investors raised its holdings in shares of Royal Gold by 1.7% during the 1st quarter. Capital World Investors now owns 7,968,897 shares of the basic materials company’s stock worth $1,125,846,000 after buying an additional 134,461 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Royal Gold by 3.1% during the 1st quarter. BlackRock Inc. now owns 6,793,926 shares of the basic materials company’s stock worth $959,845,000 after buying an additional 204,208 shares in the last quarter. State Street Corp raised its holdings in shares of Royal Gold by 66.2% during the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock worth $588,192,000 after buying an additional 1,654,360 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Royal Gold by 15.0% during the 1st quarter. Van ECK Associates Corp now owns 3,570,680 shares of the basic materials company’s stock worth $504,466,000 after buying an additional 464,697 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Royal Gold by 14,555.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,381,294 shares of the basic materials company’s stock worth $9,777,000 after buying an additional 1,371,869 shares in the last quarter. 78.04% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Down 0.5 %

NASDAQ RGLD opened at $91.88 on Friday. The business’s 50-day moving average price is $98.44 and its two-hundred day moving average price is $115.60. Royal Gold, Inc. has a 12 month low of $88.64 and a 12 month high of $147.70. The firm has a market capitalization of $6.03 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.65.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.52%. Royal Gold’s dividend payout ratio (DPR) is presently 33.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Raymond James lowered their price target on Royal Gold from $144.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, August 5th. Canaccord Genuity Group upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. BMO Capital Markets reduced their price objective on Royal Gold from $142.00 to $140.00 and set a “market perform” rating on the stock in a research report on Thursday, August 4th. Canaccord Genuity Group upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Finally, National Bankshares reduced their price objective on Royal Gold from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, August 5th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $138.00.

Royal Gold Company Profile

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Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.

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

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