Randy Shefman Sells 500 Shares of Royal Gold (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Randy Shefman also recently made the following trade(s):

• On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The shares were sold at an average price of $243.74, for a total value of $243,740.00.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $218.42 on Thursday. The stock has a fifty day moving average price of $234.68 and a two-hundred day moving average price of $246.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The firm has a market cap of $18.54 billion, a P/E ratio of 26.03, a PEG ratio of 1.65 and a beta of 0.41. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Institutional Trading of Royal Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after acquiring an additional 84,206 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 796 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after acquiring an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after buying an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RGLD. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $280.70.

Royal Gold Company Profile

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.