Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,503,000 shares, an increase of 6.4% from the July 31st total of 2,353,500 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 514,700 shares, the days-to-cover ratio is presently 4.9 days.

A number of research firms have commented on RGLD. National Bank Financial lifted their target price on Royal Gold from $112.50 to $117.50 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. CIBC downgraded Royal Gold from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada restated a “hold” rating on shares of Royal Gold in a research report on Sunday, August 11th. Finally, Barclays downgraded Royal Gold from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $88.00 to $105.00 in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $111.93.

Shares of NASDAQ RGLD traded down $2.01 during trading on Friday, reaching $121.12. The stock had a trading volume of 554,537 shares, compared to its average volume of 586,170. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $138.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.26 and a current ratio of 4.60. The business’s 50-day moving average price is $126.22 and its 200-day moving average price is $101.61. The company has a market cap of $8.07 billion, a P/E ratio of 83.53, a PEG ratio of 4.78 and a beta of 0.16.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). Royal Gold had a net margin of 22.18% and a return on equity of 4.42%. The firm had revenue of $115.69 million during the quarter, compared to analyst estimates of $112.30 million. Analysts forecast that Royal Gold will post 2.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.88%. Royal Gold’s payout ratio is presently 73.10%.

In other Royal Gold news, VP Mark Isto sold 2,497 shares of Royal Gold stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total value of $337,095.00. Following the sale, the vice president now owns 24,442 shares in the company, valued at $3,299,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony A. Jensen sold 46,570 shares of Royal Gold stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $124.59, for a total value of $5,802,156.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,603 shares of company stock worth $11,107,708. 0.95% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. River & Mercantile Asset Management LLP acquired a new stake in shares of Royal Gold in the second quarter valued at $1,427,000. Treasurer of the State of North Carolina grew its stake in shares of Royal Gold by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 30,264 shares of the basic materials company’s stock valued at $3,102,000 after buying an additional 660 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Royal Gold in the second quarter valued at $1,428,000. Prudential PLC acquired a new stake in shares of Royal Gold in the second quarter valued at $205,000. Finally, WealthStone Inc. acquired a new stake in shares of Royal Gold in the second quarter valued at $63,000. 78.86% of the stock is owned by institutional investors and hedge funds.

Royal Gold Company Profile

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, cobalt, and molybdenum.

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