Insider Selling: Royal Gold, Inc (RGLD) CFO Sells 2,500 Shares of Stock
Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Stefan Wenger also recently made the following trade(s):
- On Thursday, May 11th, Stefan Wenger sold 500 shares of Royal Gold stock. The stock was sold at an average price of $75.00, for a total value of $37,500.00.
- On Monday, May 1st, Stefan Wenger sold 1,000 shares of Royal Gold stock. The stock was sold at an average price of $70.40, for a total value of $70,400.00.
- On Thursday, April 13th, Stefan Wenger sold 2,000 shares of Royal Gold stock. The stock was sold at an average price of $75.00, for a total value of $150,000.00.
- On Monday, April 3rd, Stefan Wenger sold 2,000 shares of Royal Gold stock. The stock was sold at an average price of $70.10, for a total value of $140,200.00.
Shares of Royal Gold, Inc (NASDAQ:RGLD) traded up 0.92% on Friday, reaching $78.80. The company had a trading volume of 619,745 shares. Royal Gold, Inc has a 52 week low of $52.69 and a 52 week high of $87.74. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 50.35 and a beta of 0.53. The stock’s 50 day moving average is $72.44 and its 200 day moving average is $69.08.
Royal Gold (NASDAQ:RGLD) last announced its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The firm had revenue of $107 million during the quarter, compared to the consensus estimate of $105.14 million. Royal Gold had a return on equity of 4.03% and a net margin of 2.58%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. On average, equities analysts anticipate that Royal Gold, Inc will post $1.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Friday, April 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, April 5th. Royal Gold’s payout ratio is currently 564.71%.
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Several equities analysts recently commented on RGLD shares. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research report on Thursday, April 6th. Barclays PLC reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $82.00) on shares of Royal Gold in a research note on Saturday, April 22nd. National Bank Financial lowered 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. BMO Capital Markets reaffirmed a “buy” rating and set a $88.00 price target on shares of Royal Gold in a research note on Friday, March 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research note on Monday, February 6th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $88.21.
A number of hedge funds have recently made changes to their positions in RGLD. 1832 Asset Management L.P. purchased a new stake in shares of Royal Gold during the third quarter valued at about $6,922,000. U S Global Investors Inc. increased its stake in shares of Royal Gold by 194.1% in the third quarter. U S Global Investors Inc. now owns 60,000 shares of the basic materials company’s stock valued at $4,646,000 after buying an additional 39,600 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of Royal Gold during the third quarter valued at about $2,729,000. OLD Mission Capital LLC purchased a new stake in shares of Royal Gold during the third quarter valued at about $944,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Royal Gold by 127.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the basic materials company’s stock valued at $294,000 after buying an additional 2,127 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.
Royal Gold Company Profile
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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