Key Points
- Royal Gold SVP Randy Shefman sold 500 shares on June 16 at an average price of $215.85, totaling about $107,925. After the sale, he still owned 8,582 shares, and the transaction reduced his position by 5.51%.
- Shefman had also sold 1,000 shares in May at an average price of $243.74, indicating continued insider selling in recent months.
- Royal Gold remains financially solid and continues paying a dividend, with a quarterly payout of $0.475 per share due July 16 and a yield of about 0.9%. The stock was up 2.8% on the day of the report, and analysts currently rate it a “Moderate Buy” on average.
Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) SVP Randy Shefman sold 500 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company's stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Randy Shefman also recently made the following trade(s):
- On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00.
Royal Gold Trading Up 2.8%
NASDAQ RGLD opened at $221.53 on Wednesday. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The firm has a market cap of $18.80 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.41. The company has a 50 day moving average price of $235.53 and a 200 day moving average price of $246.04. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25.
Royal Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold's payout ratio is 22.65%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company's stock valued at $3,928,000 after purchasing an additional 6,109 shares in the last quarter. Louisbourg Investments Inc. acquired a new position in Royal Gold during the 4th quarter valued at approximately $3,938,000. Plancorp LLC increased its stake in Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company's stock valued at $3,053,000 after purchasing an additional 5,646 shares in the last quarter. World Investment Advisors acquired a new position in Royal Gold during the 4th quarter valued at approximately $1,024,000. Finally, Neuberger Berman Group LLC increased its stake in Royal Gold by 22.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company's stock valued at $27,056,000 after purchasing an additional 25,187 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on RGLD shares. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Zacks Research lowered shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Royal Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Finally, National Bank Financial reduced their price objective on shares of Royal Gold from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $280.70.
Get Our Latest Stock Analysis on Royal Gold
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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