Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $80.00, for a total value of $2,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Royal Gold, Inc (NASDAQ:RGLD) traded up 0.92% during midday trading on Friday, hitting $78.80. The company’s stock had a trading volume of 619,745 shares. The company has a 50-day moving average price of $72.44 and a 200 day moving average price of $69.08. Royal Gold, Inc has a 1-year low of $52.69 and a 1-year high of $87.74. The company has a market cap of $5.15 billion, a P/E ratio of 50.35 and a beta of 0.53.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.02. Royal Gold had a net margin of 2.58% and a return on equity of 4.03%. The firm had revenue of $107 million for the quarter, compared to analyst estimates of $105.14 million. During the same period last year, the company earned $0.29 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc will post $1.65 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Friday, April 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Wednesday, April 5th. Royal Gold’s dividend payout ratio (DPR) is presently 564.71%.
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Several institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. purchased a new position in shares of Royal Gold during the third quarter valued at about $1,088,000. Sei Investments Co. raised its position in shares of Royal Gold by 34.4% in the third quarter. Sei Investments Co. now owns 1,829 shares of the basic materials company’s stock valued at $142,000 after buying an additional 468 shares during the period. Legacy Capital Partners Inc. raised its position in shares of Royal Gold by 4.7% in the third quarter. Legacy Capital Partners Inc. now owns 17,700 shares of the basic materials company’s stock valued at $1,371,000 after buying an additional 800 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Royal Gold by 14.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,431 shares of the basic materials company’s stock valued at $343,000 after buying an additional 561 shares during the period. Finally, America First Investment Advisors LLC raised its position in shares of Royal Gold by 2.6% in the third quarter. America First Investment Advisors LLC now owns 122,976 shares of the basic materials company’s stock valued at $9,522,000 after buying an additional 3,068 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.
RGLD has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a report on Monday, February 6th. BMO Capital Markets reiterated a “buy” rating and issued a $88.00 price objective on shares of Royal Gold in a report on Friday, March 31st. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, February 8th. FBR & Co upped their price objective on Royal Gold from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday. Finally, Barclays PLC reiterated an “overweight” rating and issued a $83.00 price objective (up previously from $82.00) on shares of Royal Gold in a report on Saturday, April 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.21.
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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