Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CFO William Holmes Heissenbuttel sold 6,360 shares of Royal Gold stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $91.87, for a total value of $584,293.20. Following the transaction, the chief financial officer now owns 73,672 shares in the company, valued at $6,768,246.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
William Holmes Heissenbuttel also recently made the following trade(s):
- On Wednesday, June 20th, William Holmes Heissenbuttel sold 6,480 shares of Royal Gold stock. The shares were sold at an average price of $91.91, for a total value of $595,576.80.
NASDAQ:RGLD traded down $0.38 on Thursday, reaching $91.36. 431,530 shares of the company’s stock traded hands, compared to its average volume of 503,339. The company has a quick ratio of 3.20, a current ratio of 3.49 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.02 billion, a PE ratio of 58.94, a P/E/G ratio of 4.46 and a beta of 0.66. Royal Gold, Inc has a 12 month low of $76.15 and a 12 month high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Royal Gold had a positive return on equity of 4.73% and a negative net margin of 26.51%. The business had revenue of $116.00 million for the quarter, compared to analysts’ expectations of $111.66 million. During the same period last year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Royal Gold, Inc will post 2.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Royal Gold’s dividend payout ratio (DPR) is 64.52%.
Several hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of Royal Gold by 2.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the basic materials company’s stock worth $1,747,000 after purchasing an additional 580 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Royal Gold by 4.1% in the first quarter. Thrivent Financial for Lutherans now owns 14,835 shares of the basic materials company’s stock worth $1,274,000 after purchasing an additional 589 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of Royal Gold by 13.3% in the first quarter. Kovack Advisors Inc. now owns 5,100 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 600 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Royal Gold by 1.9% in the first quarter. Mason Street Advisors LLC now owns 32,875 shares of the basic materials company’s stock worth $2,823,000 after purchasing an additional 628 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of Royal Gold by 20.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,984 shares of the basic materials company’s stock worth $327,000 after purchasing an additional 688 shares during the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on RGLD shares. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. Canaccord Genuity set a $103.00 price target on Royal Gold and gave the company a “buy” rating in a report on Monday, April 9th. BMO Capital Markets set a $102.00 price target on Royal Gold and gave the company a “buy” rating in a report on Wednesday, March 28th. Scotiabank set a $89.00 price target on Royal Gold and gave the company a “hold” rating in a report on Tuesday, March 6th. Finally, BidaskClub raised Royal Gold from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $97.59.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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