Royal Gold, Inc. (NASDAQ:RGLD – Get Free Report) (TSE:RGL) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.475 per share by the basic materials company on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd.
Royal Gold has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 25 consecutive years. Royal Gold has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Royal Gold to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 15.2%.
Royal Gold Trading Down 0.3%
RGLD stock opened at $222.33 on Friday. The company has a market capitalization of $18.87 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43. Royal Gold has a one year low of $150.75 and a one year high of $306.25. The company’s 50 day moving average price is $246.70 and its two-hundred day moving average price is $242.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.
Insider Activity at Royal Gold
In related news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,400 shares of company stock worth $1,214,618 over the last quarter. Corporate insiders own 0.35% of the company’s stock.
Institutional Trading of Royal Gold
A number of hedge funds have recently modified their holdings of RGLD. Goldman Sachs Group Inc. boosted its holdings in shares of Royal Gold by 99.5% during 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 buying 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 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after buying an additional 2,876 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after buying an additional 796 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Royal Gold by 43.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.
About Royal Gold
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.
Featured Articles
- Five stocks we like better than Royal Gold
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.
