Royal Gold, Inc (RGLD) Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 317.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,484 shares of the basic materials company’s stock after purchasing an additional 17,092 shares during the quarter. Teacher Retirement System of Texas’ holdings in Royal Gold were worth $1,846,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. increased its position in Royal Gold by 1.1% during the fourth quarter. Alps Advisors Inc. now owns 93,756 shares of the basic materials company’s stock worth $7,699,000 after buying an additional 1,034 shares during the period. American Century Companies Inc. increased its position in Royal Gold by 10.2% during the fourth quarter. American Century Companies Inc. now owns 161,750 shares of the basic materials company’s stock worth $13,283,000 after buying an additional 14,929 shares during the period. Gabelli Funds LLC increased its position in Royal Gold by 2.2% during the fourth quarter. Gabelli Funds LLC now owns 684,700 shares of the basic materials company’s stock worth $56,228,000 after buying an additional 15,000 shares during the period. Aperio Group LLC increased its position in Royal Gold by 40.8% during the fourth quarter. Aperio Group LLC now owns 102,143 shares of the basic materials company’s stock worth $8,388,000 after buying an additional 29,594 shares during the period. Finally, Summit Securities Group LLC increased its position in Royal Gold by 296.2% during the fourth quarter. Summit Securities Group LLC now owns 10,300 shares of the basic materials company’s stock worth $846,000 after buying an additional 7,700 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Royal Gold, Inc (NASDAQ RGLD) opened at $83.45 on Friday. The stock has a market capitalization of $5,530.00, a P/E ratio of 65.20, a PEG ratio of 4.89 and a beta of 0.61. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. Royal Gold, Inc has a twelve month low of $61.00 and a twelve month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $114.35 million during the quarter, compared to analyst estimates of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. sell-side analysts forecast that Royal Gold, Inc will post 1.69 EPS for the current year.

In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 4,500 shares of company stock worth $387,750. Corporate insiders own 1.12% of the company’s stock.

Several research analysts have commented on RGLD shares. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reaffirmed a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a $105.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Royal Gold in a research report on Thursday, November 16th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $95.46.

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About Royal Gold

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

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

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