Key Points
- Director Mark Isto sold 2,000 RGLD shares on March 12 at an average price of $274.83 for $549,660, reducing his stake by 9.07% to 20,043 shares (≈$5.51M).
- Royal Gold missed quarterly estimates, reporting EPS of $1.92 vs. $2.68 expected and revenue of $360.85M (vs. $425.47M), although revenue was up 85.2% year-over-year.
- Dividend declared: a quarterly payout of $0.475 ($1.90 annualized) was announced with an ex-dividend date and record date on April 2 and payment on April 16, implying a yield of about 0.7%.
Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) Director Mark Isto sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Royal Gold Stock Performance
NASDAQ RGLD traded down $7.65 on Friday, hitting $262.18. 381,867 shares of the company's stock traded hands, compared to its average volume of 943,212. The firm's 50-day moving average price is $273.07 and its two-hundred day moving average price is $222.57. The firm has a market capitalization of $22.24 billion, a PE ratio of 38.49, a P/E/G ratio of 1.66 and a beta of 0.48. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25.
Royal Gold (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $425.47 million. During the same period last year, the business earned $1.63 EPS. The company's revenue for the quarter was up 85.2% on a year-over-year basis. As a group, analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.
Royal Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold's payout ratio is presently 27.90%.
Wall Street Analysts Forecast Growth
RGLD has been the topic of a number of recent analyst reports. 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. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank cut Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 target price for the company. in a report on Monday, January 26th. Finally, TD Cowen lifted their target price on shares of Royal Gold from $261.00 to $263.00 and gave the stock a "buy" rating in a research note on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $251.50.
Get Our Latest Analysis on Royal Gold
Institutional Investors Weigh In On Royal Gold
A number of institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new position in shares of Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the 4th quarter worth about $27,000. Vermillion & White Wealth Management Group LLC purchased a new position in Royal Gold during the 3rd quarter valued at about $29,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the fourth quarter worth about $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in Royal Gold during the fourth quarter worth about $30,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.
Royal Gold Company Profile
(
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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