Key Points
- Royal Gold SVP Randy Shefman sold 500 shares at an average price of $262.80, generating $131,400 and reducing his direct ownership by 5.83% to 8,082 shares.
- Royal Gold reported quarterly EPS of $2.56, slightly above estimates, while revenue rose 114.9% year over year to $468.98 million. The company also announced a quarterly dividend of $0.475 per share, representing a 0.7% yield.
- Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $285.10; institutional investors own approximately 83.65% of outstanding shares.
Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) SVP Randy Shefman sold 500 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly owned 8,082 shares of the company's stock, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Randy Shefman also recently made the following trade(s):
- On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00.
Royal Gold Stock Performance
Shares of RGLD stock opened at $262.85 on Friday. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The firm has a market capitalization of $22.27 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.02 and a beta of 0.44. The company's fifty day moving average price is $215.06 and its two-hundred day moving average price is $236.73.
Royal Gold (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The company's revenue was up 114.9% compared to the same quarter last year. On average, research analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.
Royal Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold's dividend payout ratio is 20.74%.
Analyst Ratings Changes
A number of research firms have recently weighed in on RGLD. Zacks Research downgraded shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Scotiabank reissued a "sector perform" rating and set a $310.00 price objective on shares of Royal Gold in a report on Tuesday, July 14th. UBS Group boosted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group cut their target price on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $285.10.
Read Our Latest Stock Analysis on RGLD
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGLD. California State Teachers Retirement System lifted its stake in Royal Gold by 19,848.6% in the second quarter. California State Teachers Retirement System now owns 19,665,976 shares of the basic materials company's stock valued at $3,925,525,000 after buying an additional 19,567,393 shares during the last quarter. BlackRock Inc. bought a new position in shares of Royal Gold during the second quarter worth about $2,177,865,000. Vanguard Group Inc. grew its position in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock worth $1,867,001,000 after acquiring an additional 1,681,577 shares during the last quarter. Capital International Investors acquired a new stake in shares of Royal Gold in the 4th quarter worth about $332,026,000. Finally, Van ECK Associates Corp increased its holdings in shares of Royal Gold by 18.1% in 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 acquiring an additional 905,488 shares during the period. Institutional investors and hedge funds 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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