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

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president directly owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The shares were sold at an average price of $215.85, for a total value of $107,925.00.

Royal Gold Trading Down 2.3%

Shares of RGLD stock opened at $262.85 on Friday. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.02 and a beta of 0.44. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $215.06 and a 200 day moving average price of $236.73. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. The company had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same period last year, the company earned $1.81 EPS. Research analysts forecast that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Scotiabank reissued a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Jefferies Financial Group dropped their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada cut their price objective on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. UBS Group raised their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and an average target price of $285.10.

Institutional Trading of Royal Gold

Large investors have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC purchased a new stake in shares of Royal Gold in the first quarter worth about $25,000. Grove Bank & Trust raised its holdings in shares of Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after buying an additional 62 shares during the period. Elyxium Wealth LLC acquired a new position in Royal Gold during the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the 4th quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new position in Royal Gold during the 1st quarter worth approximately $32,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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.