Royal Gold, Inc. (RGLD) VP Karli S. Anderson Sells 2,262 Shares
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) VP Karli S. Anderson sold 2,262 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total transaction of $206,859.90. Following the transaction, the vice president now owns 20,081 shares of the company’s stock, valued at approximately $1,836,407.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Royal Gold, Inc. (NASDAQ RGLD) traded up 3.09% during midday trading on Thursday, hitting $93.73. 372,615 shares of the stock were exchanged. The firm’s 50 day moving average price is $84.62 and its 200-day moving average price is $75.56. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $94.11. The stock has a market cap of $6.12 billion, a P/E ratio of 60.47 and a beta of 0.68.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that Royal Gold, Inc. will post $1.80 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.06%. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.
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RGLD has been the subject of several research reports. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and set a $83.00 price target on shares of Royal Gold in a research report on Monday, June 5th. Finally, FBR & Co increased their target price on shares of Royal Gold from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $91.95.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors increased its position in shares of Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock worth $325,031,000 after buying an additional 849,900 shares during the period. Van ECK Associates Corp increased its position in shares of Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares during the period. Vanguard Group Inc. increased its position in shares of Royal Gold by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,778,135 shares of the basic materials company’s stock worth $404,759,000 after buying an additional 355,155 shares during the period. Bank of Montreal Can increased its position in shares of Royal Gold by 702.0% in the second quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after buying an additional 176,787 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Royal Gold by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 3,406,065 shares of the basic materials company’s stock worth $238,595,000 after buying an additional 162,884 shares during the period. Institutional investors own 70.43% of the company’s stock.
About Royal Gold
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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