Principal Financial Group Inc. Raises Holdings in Royal Gold, Inc. (RGLD)

Principal Financial Group Inc. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,458 shares of the basic materials company’s stock after purchasing an additional 3,806 shares during the period. Principal Financial Group Inc. owned approximately 0.46% of Royal Gold worth $25,679,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Royal Gold in the 2nd quarter valued at $104,000. Almanack Investment Partners LLC. acquired a new position in shares of Royal Gold in the 2nd quarter valued at $109,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Royal Gold in the 2nd quarter valued at $109,000. MUFG Americas Holdings Corp acquired a new position in shares of Royal Gold in the 2nd quarter valued at $117,000. Finally, KBC Group NV acquired a new position in shares of Royal Gold in the 2nd quarter valued at $142,000. 69.63% of the stock is owned by hedge funds and other institutional investors.

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RGLD has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. National Bank Financial increased their target price on shares of Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $105.00 target price (up previously from $99.00) on shares of Royal Gold in a research report on Thursday, August 10th. Finally, FBR & Co increased their target price on shares of Royal Gold from $81.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 16th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $95.61.

Royal Gold, Inc. (RGLD) opened at $85.35 on Tuesday. The stock has a market cap of $5,590.00, a PE ratio of 58.08, a PEG ratio of 4.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. sell-side analysts expect that Royal Gold, Inc. will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s dividend payout ratio (DPR) is 62.34%.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Bruce Christopher Kirchhoff sold 6,190 shares of Royal Gold stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $90.76, for a total transaction of $561,804.40. Following the completion of the transaction, the vice president now directly owns 48,673 shares in the company, valued at approximately $4,417,561.48. The disclosure for this sale can be found here. Insiders sold a total of 36,452 shares of company stock worth $3,274,984 in the last ninety days. Insiders own 1.12% of the company’s stock.

Royal Gold Company Profile

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.

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

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