Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,574 shares of the basic materials company’s stock after buying an additional 494 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Royal Gold were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Royal Gold by 0.3% in the third quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock valued at $4,825,000 after buying an additional 125 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Royal Gold by 86.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 703 shares of the basic materials company’s stock valued at $85,000 after acquiring an additional 326 shares during the period. BKM Wealth Management LLC purchased a new stake in Royal Gold during the 4th quarter valued at approximately $36,000. Cedar Brook Financial Partners LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $206,000. Finally, Retirement Planning Group LLC purchased a new position in shares of Royal Gold in the 4th quarter valued at approximately $968,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

NASDAQ RGLD traded down $0.09 during mid-day trading on Tuesday, hitting $137.35. The stock had a trading volume of 20,155 shares, compared to its average volume of 396,325. The company has a 50 day simple moving average of $128.97 and a 200 day simple moving average of $120.70. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 1.11 and a beta of 0.87. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $140.95. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Equities analysts forecast that Royal Gold, Inc. will post 4.69 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.40 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Royal Gold’s dividend payout ratio is presently 47.20%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America upped their price target on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 26th. Scotiabank raised their target price on shares of Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. CIBC raised their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price objective on Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $152.75.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares in the company, valued at approximately $1,940,033.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

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.