State of Alaska Department of Revenue Sells 710 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

State of Alaska Department of Revenue trimmed its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,096 shares of the basic materials company’s stock after selling 710 shares during the period. State of Alaska Department of Revenue’s holdings in Royal Gold were worth $858,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RGLD. Norges Bank acquired a new position in Royal Gold in the fourth quarter worth $239,552,000. State Street Corp boosted its stake in Royal Gold by 66.2% in the first quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock worth $588,192,000 after purchasing an additional 1,654,360 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Royal Gold in the first quarter worth $56,762,000. Price T Rowe Associates Inc. MD boosted its stake in Royal Gold by 65.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 612,166 shares of the basic materials company’s stock worth $79,406,000 after purchasing an additional 242,641 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Royal Gold in the first quarter worth $29,022,000. 83.65% of the stock is currently owned by institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Jefferies Financial Group initiated coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price target on the stock. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating and upped their price target for the company from $148.00 to $158.00 in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Hold” and a consensus target price of $145.67.

Royal Gold Trading Down 1.5 %

NASDAQ RGLD opened at $122.99 on Thursday. The stock has a 50-day simple moving average of $112.53 and a 200 day simple moving average of $113.60. The company has a market capitalization of $8.08 billion, a PE ratio of 33.79, a P/E/G ratio of 2.49 and a beta of 0.87. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. Research analysts forecast that Royal Gold, Inc. will post 4.17 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Royal Gold’s dividend payout ratio is presently 43.96%.

Royal Gold Profile

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.