Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 500 shares of Royal Gold stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $80.00, for a total value of $40,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Stefan Wenger also recently made the following trade(s):
- On Tuesday, July 25th, Stefan Wenger sold 1,129 shares of Royal Gold stock. The shares were sold at an average price of $85.00, for a total value of $95,965.00.
- On Monday, July 3rd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The shares were 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 value 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 value 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 value 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 value of $70,400.00.
Shares of Royal Gold, Inc. (RGLD) opened at 86.38 on Tuesday. The stock’s 50 day moving average is $82.40 and its 200 day moving average is $74.57. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $88.03. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 55.73 and a beta of 0.68.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The firm had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Royal Gold, Inc. will post $1.91 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. The ex-dividend date was Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.
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A number of equities research analysts have recently commented on the company. Canaccord Genuity restated a “buy” rating and set a $105.00 target price (up from $99.00) on shares of Royal Gold in a research report on Thursday, August 10th. National Bank Financial raised their target price on Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC restated an “overweight” rating and set a $84.00 target price (up from $83.00) on shares of Royal Gold in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Royal Gold currently has an average rating of “Buy” and a consensus price target of $91.59.
Several institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of Royal Gold by 3.0% in the first quarter. Comerica Bank now owns 66,791 shares of the basic materials company’s stock worth $4,636,000 after buying an additional 1,936 shares during the period. ICM Asset Management Inc. WA bought a new position in shares of Royal Gold during the fourth quarter worth $1,829,000. Van ECK Associates Corp raised its position in shares of Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares during the period. Teachers Advisors LLC raised its position in shares of Royal Gold by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 140,014 shares of the basic materials company’s stock worth $8,870,000 after buying an additional 17,977 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Royal Gold by 2.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,312 shares of the basic materials company’s stock worth $652,000 after buying an additional 209 shares during the period. Institutional investors own 70.89% of the company’s stock.
About Royal Gold
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.
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