VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 5,730 Royal Gold, Inc. $RGLD

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,730 shares of the basic materials company’s stock, valued at approximately $1,144,000.

Several other institutional investors have also modified their holdings of RGLD. Axiom Investment Management LLC bought a new position in Royal Gold during the first quarter valued at about $25,000. Grove Bank & Trust raised its position in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Royal Gold in the fourth quarter worth about $27,000. Gen Wealth Partners Inc acquired a new stake in Royal Gold in the 4th quarter valued at about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Royal Gold in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research reports. Scotiabank restated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. TD lifted their price target on shares of Royal Gold from $289.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.82.

Royal Gold Trading Down 0.7%

Shares of RGLD opened at $252.28 on Friday. The business’s 50-day moving average price is $226.03 and its 200 day moving average price is $235.24. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $21.38 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.90 and a beta of 0.50. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the prior year, the firm earned $1.81 earnings per share. The business’s quarterly revenue was up 114.9% on a year-over-year basis. Analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is currently 20.74%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to purchase a portion of the metals produced from certain projects at predetermined prices, or to receive revenue-based payments tied to mineral production.

Royal Gold’s portfolio is organized into two primary businesses: streams and royalties. Its streaming agreements generally provide rights to purchase gold, silver, copper or other metals from mining operations, while its royalty interests entitle the company to a percentage of revenue or production from a mine without bearing the operator’s ongoing costs.