Key Points
- Royal Gold Director William Hayes sold 4,173 shares on Feb. 20 at an average price of $277.07 for $1,156,213.11, leaving him with 6,129 shares and representing a 40.51% cut to his ownership (remaining value ≈ $1.70M).
- Quarterly results missed expectations: the company reported $1.92 EPS versus $2.68 expected and revenue of $360.85M versus $425.47M, although revenue was up 85.2% year-over-year and net margin was 45.26%.
- Market and analyst positioning: RGLD trades near $285 with a $24.2B market cap, a consensus "Moderate Buy" rating and average price target of $251.50, and institutions own about 83.65% of the shares.
Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) Director William Hayes sold 4,173 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the sale, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Royal Gold Stock Down 0.1%
RGLD stock opened at $285.21 on Tuesday. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 0.85 and a beta of 0.49. Royal Gold, Inc. has a 1-year low of $142.95 and a 1-year high of $306.25. The firm has a fifty day moving average price of $258.04 and a two-hundred day moving average price of $212.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91.
Royal Gold (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. During the same period in the prior year, the company earned $1.63 EPS. Royal Gold's quarterly revenue was up 85.2% on a year-over-year basis. Research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Wall Street Zen downgraded Royal Gold from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Jefferies Financial Group reissued a "buy" rating and set a $270.00 price target on shares of Royal Gold in a report on Sunday, December 7th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research report on Thursday, November 6th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of "Moderate Buy" and an average price target of $251.50.
Get Our Latest Report on RGLD
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors raised its stake in shares of Royal Gold by 7.5% during the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company's stock valued at $2,163,732,000 after purchasing an additional 678,732 shares in the last quarter. Vanguard Group Inc. increased its stake in Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock valued at $1,867,001,000 after buying an additional 1,681,577 shares during the period. Van ECK Associates Corp raised its position in shares of Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock worth $1,311,607,000 after buying an additional 905,488 shares in the last quarter. State Street Corp raised its position in shares of Royal Gold by 11.9% during the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company's stock worth $826,618,000 after buying an additional 396,778 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company's stock worth $434,063,000 after acquiring an additional 78,344 shares during the period. Institutional investors own 83.65% of the company's stock.
About Royal Gold
(
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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