Key Points
- Royal Gold SVP Randy Shefman sold 1,000 shares on May 11 at an average price of $243.74, worth about $243,740. After the sale, he still held 9,082 shares, a 9.92% reduction in his position.
- Royal Gold shares rose 2.6% and opened at $245.13, with the company carrying a market cap of $20.8 billion and a relatively low beta of 0.43.
- Recent earnings missed expectations, with Royal Gold reporting $1.92 EPS versus the $2.68 consensus and revenue of $310.83 million versus the expected $425.47 million, though revenue was still up 85.2% year over year.
Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares of the company's stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Royal Gold Stock Up 2.6%
Royal Gold stock opened at $245.13 on Tuesday. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.94 and a beta of 0.43. The stock has a fifty day simple moving average of $255.42 and a two-hundred day simple moving average of $239.23. 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 (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($0.76). The business had revenue of $310.83 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The firm's revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. Equities analysts predict that Royal Gold, Inc. will post 11.65 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold's dividend payout ratio is currently 22.65%.
Analyst Upgrades and Downgrades
RGLD has been the topic of a number of recent research reports. Zacks Research downgraded Royal Gold from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reissued a "neutral" rating and issued a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank downgraded 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 report on Monday, January 26th. Finally, National Bank Financial lowered their target price on Royal Gold from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $273.64.
Check Out Our Latest Report on Royal Gold
Hedge Funds Weigh In On Royal Gold
Several institutional investors and hedge funds have recently bought and sold shares of RGLD. PNC Financial Services Group Inc. raised its holdings in Royal Gold by 14.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,859 shares of the basic materials company's stock valued at $2,764,000 after acquiring an additional 1,377 shares during the period. JMG Financial Group Ltd. bought a new stake in Royal Gold during the first quarter valued at about $207,000. Commonwealth Financial Services LLC bought a new stake in Royal Gold during the first quarter valued at about $285,000. Meeder Advisory Services Inc. bought a new stake in Royal Gold during the first quarter valued at about $255,000. Finally, Scarborough Advisors LLC bought a new stake in Royal Gold during the first quarter valued at about $32,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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