Randy Shefman Sells 1,000 Shares of Royal Gold (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLDGet Free Report) (TSE:RGL) SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Royal Gold Trading Up 0.1%

Shares of Royal Gold stock opened at $245.35 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a market capitalization of $20.82 billion, a P/E ratio of 29.24, a P/E/G ratio of 1.99 and a beta of 0.43. The business has a 50 day moving average price of $254.34 and a 200 day moving average price of $239.66.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. Sell-side analysts anticipate that Royal Gold, Inc. will post 11.65 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is currently 22.65%.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently modified their holdings of RGLD. Goldman Sachs Group Inc. raised its stake in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after acquiring an additional 2,876 shares during the period. Brown Advisory Inc. increased its stake in shares of Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Royal Gold by 43.0% in the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after purchasing an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Royal Gold by 4.6% in the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on RGLD. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday, January 26th. National Bank Financial decreased their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.64.

View Our Latest Stock Report on RGLD

Royal Gold Company Profile

(Get Free Report)

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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