Principal Financial Group Inc. Has $23.03 Million Holdings in Royal Gold, Inc. (RGLD)

Principal Financial Group Inc. boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,652 shares of the basic materials company’s stock after purchasing an additional 11,795 shares during the quarter. Principal Financial Group Inc. owned 0.45% of Royal Gold worth $23,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Royal Gold by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 5,778,135 shares of the basic materials company’s stock worth $404,759,000 after purchasing an additional 355,155 shares in the last quarter. Van ECK Associates Corp raised its stake in Royal Gold by 15.8% in the 1st quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after purchasing an additional 667,497 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Royal Gold by 2.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock worth $271,989,000 after purchasing an additional 73,384 shares in the last quarter. State Street Corp raised its stake in Royal Gold by 4.8% in the 1st quarter. State Street Corp now owns 2,354,371 shares of the basic materials company’s stock worth $164,922,000 after purchasing an additional 108,212 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Royal Gold by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 686,700 shares of the basic materials company’s stock worth $53,679,000 after purchasing an additional 28,000 shares in the last quarter. Institutional investors and hedge funds own 70.43% of the company’s stock.

Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at 91.64 on Tuesday. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $94.39. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 59.12 and a beta of 0.63. The company’s 50 day moving average is $88.02 and its 200 day moving average is $77.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Equities research analysts predict that Royal Gold, Inc. will post $1.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, October 5th. Royal Gold’s dividend payout ratio is currently 61.54%.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/09/12/principal-financial-group-inc-has-23-03-million-holdings-in-royal-gold-inc-rgld.html.

In related news, VP Bruce Christopher Kirchhoff sold 28,805 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $86.28, for a total value of $2,485,295.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $77.05, for a total transaction of $115,575.00. The disclosure for this sale can be found here. Insiders sold 106,845 shares of company stock worth $9,306,508 over the last ninety days. 1.37% of the stock is currently owned by insiders.

Several analysts have weighed in on RGLD shares. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 target price on shares of Royal Gold in a report on Monday, June 5th. BidaskClub raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $105.00 target price (up from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $91.95.

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.

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL).

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

Receive News & Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply