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.
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