Stefan Wenger Sells 9,917 Shares of Royal Gold Inc. (RGLD) Stock
Royal Gold Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 9,917 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $68.03, for a total transaction of $674,653.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Royal Gold Inc. (NASDAQ:RGLD) opened at 69.70 on Tuesday. The stock’s market cap is $4.55 billion. The stock’s 50 day moving average price is $69.17 and its 200 day moving average price is $72.21. Royal Gold Inc. has a 12-month low of $24.68 and a 12-month high of $87.74.
Royal Gold (NASDAQ:RGLD) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Royal Gold had a positive return on equity of 3.65% and a negative net margin of 0.57%. The business earned $117.90 million during the quarter, compared to analysts’ expectations of $2.40 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 59.1% compared to the same quarter last year. Analysts forecast that Royal Gold Inc. will post $1.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, January 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, January 4th. This is a boost from Royal Gold’s previous quarterly dividend of $0.23. Royal Gold’s dividend payout ratio is -3,066.67%.
A number of equities research analysts have recently commented on RGLD shares. Zacks Investment Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 12th. FBR & Co set a $80.00 price objective on shares of Royal Gold and gave the stock a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets reaffirmed an “outperform” rating on shares of Royal Gold in a research note on Tuesday, September 20th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $86.00 price objective on shares of Royal Gold in a research note on Friday, November 11th. Finally, CIBC raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and set a $90.00 price objective on the stock in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.62.
Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Royal Gold by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,184 shares of the company’s stock valued at $157,000 after buying an additional 22 shares during the period. IBM Retirement Fund boosted its stake in Royal Gold by 1.5% in the second quarter. IBM Retirement Fund now owns 6,568 shares of the company’s stock valued at $473,000 after buying an additional 96 shares during the period. State Treasurer State of Michigan boosted its position in Royal Gold by 0.4% in the third quarter. State Treasurer State of Michigan now owns 26,300 shares of the company’s stock valued at $2,036,000 after buying an additional 100 shares during the last quarter. Sprott Inc. boosted its position in Royal Gold by 0.4% in the second quarter. Sprott Inc. now owns 28,438 shares of the company’s stock valued at $2,048,000 after buying an additional 116 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Royal Gold by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,669 shares of the company’s stock valued at $120,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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