Royal Gold (NASDAQ:RGLD) SVP Randy Shefman Sells 500 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Randy Shefman also recently made the following trade(s):

• On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00.

Royal Gold Trading Up 2.8%

Shares of RGLD stock opened at $221.53 on Wednesday. The firm’s 50 day moving average is $235.53 and its 200 day moving average is $246.04. The stock has a market capitalization of $18.80 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.60 and a beta of 0.41. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s payout ratio is 22.65%.

Institutional Investors Weigh In On Royal Gold

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of Royal Gold by 52.8% in the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after purchasing an additional 6,109 shares during the period. Louisbourg Investments Inc. purchased a new stake in shares of Royal Gold in the 4th quarter worth approximately $3,938,000. Plancorp LLC lifted its position in shares of Royal Gold by 69.8% in the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after purchasing an additional 5,646 shares during the period. World Investment Advisors purchased a new stake in shares of Royal Gold in the 4th quarter worth approximately $1,024,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Royal Gold by 22.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company’s stock worth $27,056,000 after purchasing an additional 25,187 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research reports. UBS Group set a $325.00 price target on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. National Bank Financial cut their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $280.70.

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.