Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) SVP Daniel Breeze sold 1,400 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares of the company's stock, valued at $6,059,521.80. The trade was a 6.50% 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 Up 1.5%
Shares of NASDAQ RGLD opened at $304.29 on Tuesday. The stock has a market capitalization of $25.81 billion, a P/E ratio of 44.68, a PEG ratio of 1.81 and a beta of 0.49. Royal Gold, Inc. has a one year low of $146.88 and a one year high of $306.25. The firm's 50 day simple moving average is $265.05 and its two-hundred day simple moving average is $217.28. 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 return on equity of 11.89% and a net margin of 45.26%.The business had revenue of $360.85 million during the quarter, compared to the consensus estimate of $425.47 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company's revenue was up 85.2% compared to the same quarter last year. As a group, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 2nd. Royal Gold's dividend payout ratio is presently 27.90%.
Institutional Trading of Royal Gold
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGLD. Prospera Financial Services Inc purchased a new position in shares of Royal Gold during the 3rd quarter worth approximately $1,068,000. Financiere des Professionnels Fonds d investissement inc. grew its stake in Royal Gold by 275.8% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company's stock worth $1,335,000 after purchasing an additional 4,885 shares during the period. Ilex Capital Partners UK LLP bought a new position in Royal Gold in the second quarter worth $1,397,000. Ruffer LLP purchased a new position in Royal Gold during the third quarter valued at $16,636,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company's stock valued at $7,044,000 after buying an additional 29,927 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating and issued a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Scotiabank downgraded shares of Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 target price on the stock. in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and an average target price of $251.50.
Check Out Our Latest Research Report on RGLD
Royal Gold Company Profile
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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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