Truist Financial Corp Has $1.20 Million Stock Position in Royal Gold, Inc. $RGLD

Truist Financial Corp grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,735 shares of the basic materials company’s stock after purchasing an additional 973 shares during the period. Truist Financial Corp’s holdings in Royal Gold were worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BFI Infinity Ltd. grew its position in shares of Royal Gold by 10.8% during the 2nd quarter. BFI Infinity Ltd. now owns 2,280 shares of the basic materials company’s stock worth $405,000 after purchasing an additional 222 shares in the last quarter. Poinciana Advisors Group LLC grew its position in shares of Royal Gold by 8.7% during the 2nd quarter. Poinciana Advisors Group LLC now owns 1,438 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 115 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of Royal Gold during the 2nd quarter worth approximately $278,000. Signaturefd LLC grew its position in shares of Royal Gold by 7.5% during the 2nd quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 74 shares in the last quarter. Finally, Dakota Wealth Management grew its position in shares of Royal Gold by 3.4% during the 2nd quarter. Dakota Wealth Management now owns 3,061 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of analyst reports. CIBC increased their target price on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. TD Securities reiterated a “buy” rating and set a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $194.47 on Monday. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.54 and a beta of 0.41. The firm has a 50 day simple moving average of $183.35 and a 200 day simple moving average of $176.14. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $206.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. The business had revenue of $209.64 million during the quarter, compared to the consensus estimate of $186.63 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio is presently 26.39%.

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.