Stefan Wenger Sells 2,086 Shares of Royal Gold, Inc. (RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 2,086 shares of Royal Gold stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $87.49, for a total transaction of $182,504.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Stefan Wenger also recently made the following trade(s):

  • On Tuesday, July 25th, Stefan Wenger sold 1,129 shares of Royal Gold stock. The stock was sold at an average price of $85.00, for a total transaction of $95,965.00.
  • On Wednesday, July 12th, Stefan Wenger sold 500 shares of Royal Gold stock. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00.
  • On Monday, July 3rd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $77.05, for a total transaction of $115,575.00.
  • On Thursday, June 1st, Stefan Wenger sold 2,000 shares of Royal Gold stock. The stock was sold at an average price of $80.06, for a total transaction of $160,120.00.

Shares of Royal Gold, Inc. (NASDAQ:RGLD) traded down 0.87% on Friday, hitting $86.25. 532,393 shares of the stock traded hands. The firm has a 50 day moving average price of $83.39 and a 200 day moving average price of $74.98. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $88.03. The firm has a market cap of $5.64 billion, a PE ratio of 55.65 and a beta of 0.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. On average, equities analysts forecast that Royal Gold, Inc. will post $1.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.11%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.

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RGLD has been the topic of several research reports. National Bank Financial downgraded shares of Royal Gold from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $80.00 to $82.50 in a research note on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and set a $83.00 price target (up from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. Scotiabank raised their target price on shares of Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, May 12th. FBR & Co raised their target price on shares of Royal Gold from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Royal Gold presently has an average rating of “Buy” and an average price target of $91.95.

A number of institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Royal Gold during the second quarter valued at approximately $104,000. Almanack Investment Partners LLC. acquired a new position in shares of Royal Gold during the second quarter valued at approximately $109,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Royal Gold during the second quarter valued at approximately $109,000. Meadow Creek Investment Management LLC increased its position in shares of 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 valued at $115,000 after buying an additional 96 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new position in shares of Royal Gold during the second quarter valued at approximately $117,000. 70.89% of the stock is currently owned by institutional investors.

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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