Truist Financial Corp Sells 411 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Truist Financial Corp lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,206 shares of the basic materials company’s stock after selling 411 shares during the period. Truist Financial Corp’s holdings in Royal Gold were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGLD. DekaBank Deutsche Girozentrale raised its stake in Royal Gold by 1,800.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock worth $2,306,000 after buying an additional 18,344 shares during the period. BNP Paribas Financial Markets grew its position in Royal Gold by 151.2% in the 1st quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 15,012 shares during the period. CANADA LIFE ASSURANCE Co increased its stake 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 valued at $6,746,000 after purchasing an additional 14,675 shares in the last quarter. Norden Group LLC acquired a new position in Royal Gold during the first quarter worth $3,315,000. Finally, Tidal Investments LLC lifted its stake in shares of Royal Gold by 165.0% in the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock valued at $1,294,000 after buying an additional 6,616 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 0.2 %

Shares of RGLD stock opened at $142.32 on Tuesday. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $147.65. The company has a 50 day moving average of $138.57 and a 200-day moving average of $131.43. The firm has a market cap of $9.36 billion, a P/E ratio of 41.98, a PEG ratio of 1.17 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS. As a group, equities analysts expect that Royal Gold, Inc. will post 4.89 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s dividend payout ratio is presently 47.20%.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the firm’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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 of the company’s stock, valued at $1,042,503.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RGLD. Raymond James raised their price target on shares of Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research report on Friday, August 9th. CIBC increased their price target on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets lifted their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, Scotiabank increased their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $158.86.

Royal Gold Company Profile

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.