Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 31,936 shares of Royal Gold stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $93.62, for a total value of $2,989,848.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NASDAQ:RGLD opened at $95.10 on Friday. Royal Gold, Inc has a 12-month low of $70.16 and a 12-month high of $98.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.13 and a current ratio of 5.39. The firm has a market capitalization of $6.23 billion, a PE ratio of 54.03, a P/E/G ratio of 6.14 and a beta of 0.12.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The company had revenue of $109.80 million during the quarter, compared to the consensus estimate of $115.32 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts forecast that Royal Gold, Inc will post 1.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.06 annualized dividend and a dividend yield of 1.11%. Royal Gold’s dividend payout ratio is currently 60.23%.
Several equities research analysts have recently commented on the company. BidaskClub cut Royal Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada cut Royal Gold from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $104.00 to $100.00 in a research note on Monday, May 13th. They noted that the move was a valuation call. TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research note on Friday, June 7th. Raymond James reissued an “outperform” rating and issued a $98.00 target price on shares of Royal Gold in a research note on Friday, May 3rd. Finally, B. Riley raised Royal Gold from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $100.00 in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $95.95.
Several large investors have recently bought and sold shares of RGLD. Amalgamated Bank lifted its holdings in shares of Royal Gold by 19.3% in the fourth quarter. Amalgamated Bank now owns 13,791 shares of the basic materials company’s stock valued at $1,181,000 after purchasing an additional 2,234 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at about $246,000. Texas Permanent School Fund lifted its holdings in shares of Royal Gold by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 42,868 shares of the basic materials company’s stock valued at $3,672,000 after purchasing an additional 1,652 shares in the last quarter. Cordasco Financial Network lifted its holdings in shares of Royal Gold by 72.4% in the first quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Royal Gold by 3.8% in the first quarter. State of Alaska Department of Revenue now owns 42,296 shares of the basic materials company’s stock valued at $3,844,000 after purchasing an additional 1,532 shares in the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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