Principal Financial Group Inc. lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,240 shares of the basic materials company's stock after selling 66,649 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Royal Gold worth $21,359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in Royal Gold by 1,800.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company's stock valued at $2,306,000 after purchasing an additional 18,344 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Royal Gold by 36.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company's stock worth $6,746,000 after buying an additional 14,675 shares during the period. Tidal Investments LLC grew its holdings in Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company's stock worth $1,294,000 after acquiring an additional 6,616 shares during the last quarter. Vanguard Group Inc. increased its position in Royal Gold by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company's stock valued at $811,861,000 after acquiring an additional 21,407 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Royal Gold by 357.7% during the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company's stock valued at $6,473,000 after acquiring an additional 40,419 shares during the last quarter. 83.65% of the stock is owned by institutional investors.
Royal Gold Trading Down 0.5 %
Shares of RGLD traded down $0.72 on Thursday, reaching $138.97. The company's stock had a trading volume of 226,367 shares, compared to its average volume of 367,989. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The stock has a market capitalization of $9.14 billion, a PE ratio of 32.04, a PEG ratio of 1.13 and a beta of 0.90. The firm has a fifty day moving average of $143.86 and a 200-day moving average of $135.36.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same period in the prior year, the business posted $0.76 earnings per share. The company's quarterly revenue was up 39.8% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, October 4th. Royal Gold's dividend payout ratio (DPR) is presently 36.70%.
Analysts Set New Price Targets
A number of research firms recently weighed in on RGLD. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday. TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Scotiabank raised their price target on shares of Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $165.43.
View Our Latest Report on RGLD
Insiders Place Their Bets
In other news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Randy Shefman sold 4,600 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares of the company's stock, valued at $1,042,503.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,339 shares of company stock valued at $1,329,902 in the last three months. 0.52% of the stock is currently owned by insiders.
About Royal Gold
(
Free Report)
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.
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