Truist Financial Corp Lowers Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Truist Financial Corp lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 19.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,132 shares of the basic materials company’s stock after selling 2,907 shares during the period. Truist Financial Corp’s holdings in Royal Gold were worth $1,138,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. National Bank of Canada FI raised its stake in shares of Royal Gold by 280.0% during the 2nd quarter. National Bank of Canada FI now owns 247 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 182 shares in the last quarter. 1832 Asset Management L.P. bought a new position in shares of Royal Gold during the 1st quarter worth approximately $51,000. Eagle Bay Advisors LLC bought a new position in shares of Royal Gold during the 2nd quarter worth approximately $41,000. CoreCap Advisors LLC bought a new position in shares of Royal Gold during the 2nd quarter worth approximately $51,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Royal Gold during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 78.13% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $125.11 on Friday. The company’s fifty day moving average price is $113.37 and its 200 day moving average price is $103.22. Royal Gold, Inc. has a 1 year low of $84.54 and a 1 year high of $147.70. The company has a market capitalization of $8.21 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.61 and a current ratio of 2.82.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 2nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Royal Gold had a return on equity of 8.84% and a net margin of 41.19%. The firm had revenue of $131.43 million for the quarter. On average, research analysts predict that Royal Gold, Inc. will post 3.26 earnings per share for the current year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, January 6th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, January 5th. This is an increase from Royal Gold’s previous quarterly dividend of $0.35. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. Royal Gold’s dividend payout ratio is 39.27%.

Analyst Ratings Changes

Several research analysts recently commented on RGLD shares. National Bank Financial boosted their price objective on shares of Royal Gold from C$120.00 to C$150.00 in a research note on Friday, January 13th. Barclays cut their price target on shares of Royal Gold from $110.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Monday, October 17th. National Bankshares upped their price target on shares of Royal Gold from $120.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 13th. Credit Suisse Group started coverage on shares of Royal Gold in a research note on Monday, December 12th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, TD Securities upped their price target on shares of Royal Gold from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.09.

Insider Buying and Selling

In related news, CFO Paul Libner sold 250 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $115.00, for a total transaction of $28,750.00. Following the sale, the chief financial officer now directly owns 14,265 shares of the company’s stock, valued at $1,640,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by insiders.

Royal Gold Profile

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Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.

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

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