Insider Selling: Royal Gold (NASDAQ:RGLD) SVP Sells $131,400.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The stock was sold at an average price of $215.85, for a total value of $107,925.00.

Royal Gold Stock Performance

Shares of RGLD stock opened at $262.85 on Monday. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 1.98 and a beta of 0.44. The stock’s fifty day simple moving average is $215.06 and its 200-day simple moving average is $236.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period in the prior year, the business earned $1.81 EPS. The business’s revenue for the quarter was up 114.9% on a year-over-year basis. On average, sell-side analysts predict that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio is 20.74%.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently added to or reduced their stakes in RGLD. Axiom Investment Management LLC bought a new stake in Royal Gold in the first quarter worth approximately $25,000. Grove Bank & Trust boosted its holdings in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the fourth quarter worth $27,000. Finally, Scarborough Advisors LLC bought a new position in Royal Gold during the first quarter valued at about $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $285.10.

Royal Gold Company Profile

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.