Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $95.11, for a total transaction of $1,902,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of RGLD stock opened at $95.78 on Thursday. The company has a market cap of $6.06 billion, a PE ratio of 61.79, a P/E/G ratio of 4.25 and a beta of 0.53. Royal Gold, Inc has a 52 week low of $76.15 and a 52 week high of $96.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.49 and a quick ratio of 3.20.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $116.00 million during the quarter, compared to the consensus estimate of $111.66 million. Royal Gold had a negative net margin of 26.51% and a positive return on equity of 4.73%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. sell-side analysts expect that Royal Gold, Inc will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, July 5th. Royal Gold’s dividend payout ratio (DPR) is 64.52%.
Several hedge funds have recently made changes to their positions in RGLD. Gables Capital Management Inc. acquired a new stake in shares of Royal Gold during the 1st quarter worth approximately $107,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $219,000. GSA Capital Partners LLP bought a new position in shares of Royal Gold in the 1st quarter worth $222,000. Vident Investment Advisory LLC bought a new position in shares of Royal Gold in the 4th quarter worth $223,000. Finally, Verity Asset Management Inc. bought a new position in shares of Royal Gold in the 1st quarter worth $237,000. 74.58% of the stock is owned by institutional investors.
A number of analysts have weighed in on RGLD shares. UBS Group raised shares of Royal Gold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 14th. BidaskClub raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. Raymond James raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $90.00 to $88.00 in a research report on Wednesday, March 14th. BMO Capital Markets set a $102.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, March 28th. Finally, ValuEngine raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $97.59.
About Royal Gold
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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