Insider Selling: Royal Gold, Inc. (RGLD) CEO Sells 25,000 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $90.00, for a total transaction of $2,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Royal Gold, Inc. (NASDAQ:RGLD) traded down 1.27% during mid-day trading on Wednesday, reaching $91.46. The company’s stock had a trading volume of 87,401 shares. The company has a 50-day moving average of $88.13 and a 200-day moving average of $77.22. The firm has a market cap of $5.98 billion, a PE ratio of 59.01 and a beta of 0.63. Royal Gold, Inc. has a 12 month low of $60.21 and a 12 month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same period in the previous year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts predict that Royal Gold, Inc. will post $1.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.04%. Royal Gold’s dividend payout ratio (DPR) is 61.54%.

ILLEGAL ACTIVITY WARNING: This news story was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://stocknewstimes.com/2017/09/13/insider-selling-royal-gold-inc-rgld-ceo-sells-25000-shares-of-stock.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. U S Global Investors Inc. raised its position in shares of Royal Gold by 333.1% during the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after acquiring an additional 2,332 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Royal Gold by 139.8% during the second quarter. WINTON GROUP Ltd now owns 55,587 shares of the basic materials company’s stock worth $4,345,000 after acquiring an additional 32,408 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Royal Gold during the second quarter worth about $109,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Royal Gold by 4.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock worth $580,000 after acquiring an additional 311 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Royal Gold by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 95,922 shares of the basic materials company’s stock worth $7,499,000 after acquiring an additional 1,681 shares during the last quarter. Institutional investors own 70.43% of the company’s stock.

A number of research analysts recently issued reports on RGLD shares. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a report on Friday, May 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price target on shares of Royal Gold in a report on Monday, June 5th. Barclays PLC reaffirmed an “overweight” rating and issued a $84.00 price target (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. Finally, BidaskClub cut Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six 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 an average price target of $91.95.

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.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply