Traders purchased shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) on weakness during trading on Monday. $21.92 million flowed into the stock on the tick-up and $9.34 million flowed out of the stock on the tick-down, for a money net flow of $12.58 million into the stock. Of all equities tracked, Royal Gold had the 24th highest net in-flow for the day. Royal Gold traded down ($1.21) for the day and closed at $91.64

A number of equities analysts have recently commented on RGLD shares. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Wednesday, June 21st. BidaskClub upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 target price on shares of Royal Gold in a report on Monday, June 5th. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a report on Thursday, June 29th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $88.00 target price on shares of Royal Gold in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Royal Gold currently has a consensus rating of “Buy” and an average price target of $91.95.

The firm has a market capitalization of $6.05 billion, a P/E ratio of 59.77 and a beta of 0.63. The stock’s 50-day moving average price is $88.13 and its 200-day moving average price is $77.22.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the 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%. Royal Gold’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. On average, equities analysts expect that Royal Gold, Inc. will post $1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.96 annualized dividend and a yield of 1.04%. Royal Gold’s dividend payout ratio (DPR) is 61.54%.

In other news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $77.05, for a total transaction of $115,575.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Karli S. Anderson sold 2,262 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $91.45, for a total value of $206,859.90. Following the transaction, the vice president now owns 20,081 shares of the company’s stock, valued at $1,836,407.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,845 shares of company stock valued at $9,306,508. 1.37% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in shares of Royal Gold during the second quarter worth $104,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Royal Gold during the second quarter worth $109,000. Almanack Investment Partners LLC. purchased a new position in shares of Royal Gold during the second quarter worth $109,000. MUFG Americas Holdings Corp purchased a new position in shares of Royal Gold during the second quarter worth $117,000. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Royal Gold by 6.2% during the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock worth $115,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 70.43% of the company’s stock.

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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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