Daniel Breeze Sells 1,400 Shares of Royal Gold (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Daniel Breeze sold 1,400 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Royal Gold Stock Up 1.5%

RGLD stock traded up $4.50 during trading on Monday, reaching $304.29. 882,162 shares of the company traded hands, compared to its average volume of 983,264. The business has a 50 day simple moving average of $263.60 and a 200 day simple moving average of $216.33. Royal Gold, Inc. has a 12 month low of $146.88 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $360.85 million for the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.Royal Gold’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. TD Cowen boosted their target price on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a report on Thursday, November 6th. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently added to or reduced their stakes in the stock. Greenleaf Trust increased its holdings in Royal Gold by 2.9% in the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 43 shares in the last quarter. WPG Advisers LLC grew its position in shares of Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 46 shares during the period. Parcion Private Wealth LLC increased its stake in shares of Royal Gold by 2.9% during the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 48 shares in the last quarter. Encompass More Asset Management raised its position in shares of Royal Gold by 4.2% during the 3rd quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 52 shares during the last quarter. Finally, Sowell Financial Services LLC raised its position in shares of Royal Gold by 4.0% during the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.