Royal Gold, Inc. (NASDAQ:RGLD) SVP Sells $201,474.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Royal Gold Stock Performance

Shares of RGLD opened at $154.76 on Thursday. The firm has a market cap of $10.18 billion, a P/E ratio of 30.71, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a twelve month low of $107.33 and a twelve month high of $158.94. The firm’s 50 day moving average price is $145.50 and its two-hundred day moving average price is $143.63.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.16%. Royal Gold’s payout ratio is presently 35.71%.

Institutional Investors Weigh In On Royal Gold

Several large investors have recently made changes to their positions in RGLD. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold in the third quarter valued at approximately $36,000. Advisors Asset Management Inc. acquired a new position in Royal Gold in the 3rd quarter valued at $38,000. Nomura Asset Management Co. Ltd. lifted its position in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $168.86.

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.