Stefan Wenger Sells 1,129 Shares of Royal Gold, Inc. (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 1,129 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $95,965.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Stefan Wenger also recently made the following trade(s):

• On Wednesday, July 12th, Stefan Wenger sold 500 shares of Royal Gold stock. The stock was sold at an average price of $80.00, for a total value of $40,000.00.
• On Monday, July 3rd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $77.05, for a total value of $115,575.00.
• On Thursday, June 1st, Stefan Wenger sold 2,000 shares of Royal Gold stock. The shares were sold at an average price of $80.06, for a total transaction of $160,120.00.
• On Wednesday, May 17th, Stefan Wenger sold 2,500 shares of Royal Gold stock. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00.
• On Thursday, May 11th, Stefan Wenger sold 500 shares of Royal Gold stock. The shares were sold at an average price of $75.00, for a total transaction of $37,500.00.
• On Monday, May 1st, Stefan Wenger sold 1,000 shares of Royal Gold stock. The shares were sold at an average price of $70.40, for a total transaction of $70,400.00.

Royal Gold, Inc. (RGLD) traded up 0.49% during trading on Wednesday, hitting $84.94. 472,932 shares of the company traded hands. The firm has a market cap of $5.55 billion, a P/E ratio of 54.27 and a beta of 0.68. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $87.90. The firm has a 50 day moving average of $80.74 and a 200 day moving average of $73.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.06. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $108.72 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that Royal Gold, Inc. will post $1.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 61.15%.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was published by [[site]] and is the property of of [[site]]. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at [[permalink]].

Hedge funds have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI increased its stake in shares of Royal Gold by 99.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,222 shares of the basic materials company’s stock worth $786,000 after buying an additional 5,601 shares during the period. Advisory Services Network LLC bought a new stake in shares of Royal Gold during the first quarter worth $1,920,000. Oxbow Advisors LLC bought a new stake in shares of Royal Gold during the first quarter worth $738,000. Oregon Public Employees Retirement Fund increased its stake in shares of Royal Gold by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,975 shares of the basic materials company’s stock worth $1,609,000 after buying an additional 300 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Royal Gold by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 233,974 shares of the basic materials company’s stock worth $16,390,000 after buying an additional 10,754 shares during the period. 70.57% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $88.00 price target on shares of Royal Gold in a research report on Thursday, June 15th. BidaskClub downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Scotiabank lifted their price target on shares of Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, May 12th. Finally, BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $89.77.

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.