Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) VP Randy Shefman sold 638 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $117.57, for a total value of $75,009.66. Following the sale, the vice president now directly owns 9,456 shares in the company, valued at approximately $1,111,741.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of RGLD stock traded down $1.22 during trading hours on Monday, hitting $114.84. 481,218 shares of the company were exchanged, compared to its average volume of 574,092. The company has a 50 day simple moving average of $130.12 and a two-hundred day simple moving average of $117.51. The firm has a market cap of $7.54 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.11 and a beta of 0.66. Royal Gold, Inc. has a fifty-two week low of $92.01 and a fifty-two week high of $147.70.

Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last issued its earnings results on Wednesday, May 4th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.16. Royal Gold had a net margin of 42.43% and a return on equity of 10.61%. The business had revenue of $162.40 million for the quarter, compared to analyst estimates of $156.00 million. During the same period in the prior year, the firm earned $0.84 earnings per share. Royal Gold’s revenue was up 13.9% on a year-over-year basis. On average, analysts anticipate that Royal Gold, Inc. will post 3.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio is presently 32.18%.

A number of institutional investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its stake in Royal Gold by 39.7% in the first quarter. Rehmann Capital Advisory Group now owns 9,700 shares of the basic materials company’s stock valued at $1,371,000 after acquiring an additional 2,756 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Royal Gold by 239.9% in the 1st quarter. Ninety One UK Ltd now owns 422,144 shares of the basic materials company’s stock worth $59,641,000 after purchasing an additional 297,944 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Royal Gold in the 1st quarter valued at $416,000. Toroso Investments LLC increased its stake in Royal Gold by 197.0% during the 1st quarter. Toroso Investments LLC now owns 6,817 shares of the basic materials company’s stock valued at $963,000 after purchasing an additional 4,522 shares in the last quarter. Finally, Capital World Investors raised its holdings in Royal Gold by 1.7% during the first quarter. Capital World Investors now owns 7,968,897 shares of the basic materials company’s stock worth $1,125,846,000 after buying an additional 134,461 shares during the last quarter. 80.33% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on RGLD. Raymond James set a $158.00 price target on Royal Gold and gave the company an “outperform” rating in a research note on Friday, May 6th. National Bank Financial lifted their target price on shares of Royal Gold from C$140.00 to C$165.00 in a research report on Wednesday, April 20th. Canaccord Genuity Group cut shares of Royal Gold from a “buy” rating to a “hold” rating and upped their price target for the company from $135.00 to $145.00 in a research report on Tuesday, April 5th. StockNews.com initiated coverage on shares of Royal Gold in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Royal Gold from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $138.38.

Royal Gold Company Profile (Get Rating)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.

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