Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 3,380 Shares of Royal Gold, Inc. $RGLD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,275 shares of the basic materials company’s stock after purchasing an additional 3,380 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Royal Gold were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in Royal Gold during the 4th quarter worth about $27,000. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold during the 3rd quarter worth about $29,000. Trust Co. of Toledo NA OH bought a new stake in Royal Gold during the 4th quarter worth about $30,000. V Square Quantitative Management LLC bought a new stake in Royal Gold during the 4th quarter worth about $30,000. Finally, Bank & Trust Co raised its holdings in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 120 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Transactions at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD stock opened at $216.79 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The stock has a market cap of $18.40 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41. The stock has a 50-day moving average of $242.10 and a 200-day moving average of $244.73. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio is 22.65%.

Analysts Set New Price Targets

Several analysts have weighed in on RGLD shares. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.