Principal Financial Group Inc. Has $38.74 Million Stock Holdings in Royal Gold, Inc. $RGLD

Principal Financial Group Inc. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,253 shares of the basic materials company’s stock after buying an additional 28,038 shares during the period. Principal Financial Group Inc.’s holdings in Royal Gold were worth $38,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Royal Gold by 52.8% in the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after buying an additional 6,109 shares during the period. Louisbourg Investments Inc. acquired a new stake in Royal Gold during the fourth quarter valued at $3,938,000. Prospera Financial Services Inc acquired a new stake in Royal Gold during the third quarter valued at $1,068,000. Ruffer LLP acquired a new stake in Royal Gold during the third quarter valued at $16,636,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after purchasing an additional 29,927 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director owned 6,129 shares in the company, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,573 shares of company stock worth $2,127,091 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $238.78 on Friday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The stock’s 50-day moving average is $257.38 and its two-hundred day moving average is $238.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 2.91. The firm has a market cap of $20.26 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.88 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The company had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter last year, the business earned $1.63 earnings per share. Royal Gold’s quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts anticipate that Royal Gold, Inc. will post 11.65 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Wall Street Analysts Forecast Growth

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

Royal Gold Company 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.