Royal Gold, Inc. (RGLD) CEO Sells $2,250,000.00 in Stock
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.00, for a total value of $2,250,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Royal Gold, Inc. (NASDAQ RGLD) opened at 93.28 on Friday. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $94.11. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 60.18 and a beta of 0.68. The company’s 50-day moving average price is $86.15 and its 200 day moving average price is $76.17.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. Equities analysts predict that Royal Gold, Inc. will post $1.80 earnings per share for the current fiscal year.
The firm 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. This represents a $0.96 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 5th. Royal Gold’s payout ratio is presently 61.54%.
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RGLD has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, May 12th. FBR & Co boosted their target price on Royal Gold from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of Royal Gold in a research report on Friday, May 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 target price on shares of Royal Gold in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $91.95.
A number of hedge funds have recently modified their holdings of RGLD. Arcadia Investment Management Corp MI acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $104,000. Almanack Investment Partners LLC. acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $109,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $109,000. Meadow Creek Investment Management LLC increased its stake in shares of Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock valued at $115,000 after buying an additional 96 shares during the last quarter. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $117,000. 70.43% of the stock is currently owned by institutional investors and hedge funds.
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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