Royal Gold, Inc. (NASDAQ:RGLD) SVP Randy Shefman Sells 4,600 Shares

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Royal Gold Stock Up 0.2 %

RGLD stock traded up $0.23 during trading on Friday, reaching $141.52. The company’s stock had a trading volume of 7,250 shares, compared to its average volume of 378,585. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $142.77. The company has a market capitalization of $9.30 billion, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The company’s fifty day moving average is $133.83 and its 200-day moving average is $124.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. During the same quarter in the prior year, the business posted $0.88 EPS. Royal Gold’s revenue for the quarter was up 20.9% compared to the same quarter last year. Analysts anticipate that Royal Gold, Inc. will post 4.7 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $0.40 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Royal Gold’s payout ratio is presently 47.20%.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently bought and sold shares of the business. Commerce Bank increased its stake in Royal Gold by 4.3% in the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after buying an additional 98 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Royal Gold by 0.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock valued at $2,813,000 after purchasing an additional 110 shares during the last quarter. Birch Capital Management LLC boosted its holdings in shares of Royal Gold by 16.5% during the 1st quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 113 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Royal Gold by 31.3% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 116 shares during the last quarter. Finally, Keene & Associates Inc. boosted its holdings in shares of Royal Gold by 5.0% during the 1st quarter. Keene & Associates Inc. now owns 2,610 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several research analyst reports. Scotiabank increased their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. StockNews.com cut Royal Gold from a “buy” rating to a “hold” rating in a report on Monday. CIBC upped their price objective on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Bank of America upped their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 26th. Finally, Cibc World Mkts upgraded Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $157.00.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.