Royal Gold, Inc. (NASDAQ:RGLD) Director Ronald J. Vance Sells 415 Shares

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director Ronald J. Vance sold 415 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the transaction, the director now owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Royal Gold Trading Down 1.5 %

RGLD stock opened at $138.87 on Friday. The firm has a 50 day moving average of $131.94 and a 200-day moving average of $123.35. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $141.25. The firm has a market capitalization of $9.13 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. Royal Gold’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. Sell-side analysts predict that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio is currently 47.20%.

Institutional Investors Weigh In On Royal Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commerce Bank raised its stake in shares of Royal Gold by 4.3% during the fourth quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 98 shares in the last quarter. Dana Investment Advisors Inc. raised its stake in shares of Royal Gold by 0.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock worth $2,813,000 after acquiring an additional 110 shares in the last quarter. Birch Capital Management LLC raised its stake in shares of Royal Gold by 16.5% during the first quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 113 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Royal Gold by 31.3% during the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 116 shares in the last quarter. Finally, Keene & Associates Inc. increased its stake in shares of Royal Gold by 5.0% in the first quarter. Keene & Associates Inc. now owns 2,610 shares of the basic materials company’s stock worth $318,000 after buying an additional 125 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. CIBC increased their target price on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Bank of America increased their target price on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. Jefferies Financial Group increased their target price on shares of Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. BMO Capital Markets increased their target price on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.00.

Royal Gold Company Profile

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.