Royal Gold, Inc. (NASDAQ:RGLD) CEO Tony A. Jensen Sells 25,000 Shares

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tony A. Jensen also recently made the following trade(s):

  • On Wednesday, May 17th, Tony A. Jensen sold 25,000 shares of Royal Gold stock. The shares were sold at an average price of $80.00, for a total value of $2,000,000.00.

Royal Gold, Inc. (RGLD) opened at 84.53 on Wednesday. The firm has a market cap of $5.52 billion, a PE ratio of 54.01 and a beta of 0.68. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $87.90. The company’s 50 day moving average price is $80.74 and its 200 day moving average price is $73.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The business had revenue of $107 million for the quarter, compared to the consensus estimate of $105.14 million. During the same quarter in the previous year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post $1.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s payout ratio is currently 61.15%.

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A number of institutional investors have recently bought and sold shares of RGLD. Arcadia Investment Management Corp MI acquired a new position in Royal Gold during the second quarter worth approximately $104,000. Meadow Creek Investment Management LLC boosted its position in Royal Gold by 6.2% in 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 last quarter. MUFG Americas Holdings Corp acquired a new position in Royal Gold during the second quarter worth approximately $117,000. KBC Group NV acquired a new position in Royal Gold during the second quarter worth approximately $142,000. Finally, Neuburgh Advisers LLC boosted its position in Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock worth $159,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 70.57% of the company’s stock.

A number of research analysts have commented on the company. BidaskClub upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Macquarie downgraded Royal Gold from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research note on Thursday, June 29th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $88.00 price target on shares of Royal Gold in a research note on Thursday, June 15th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.77.

About Royal Gold

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.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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