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%.
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.
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