Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Chairman William M. Hayes sold 10,850 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $86.35, for a total value of $936,897.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Royal Gold, Inc. (NASDAQ:RGLD) traded down 0.87% during trading on Friday, reaching $86.25. The company’s stock had a trading volume of 532,393 shares. The stock has a 50 day moving average price of $83.12 and a 200 day moving average price of $74.86. The stock has a market capitalization of $5.64 billion, a PE ratio of 55.65 and a beta of 0.68. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $88.03.

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

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

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Large investors have recently modified their holdings of the company. U S Global Investors Inc. increased its stake in shares of Royal Gold by 333.1% in the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock valued at $263,000 after buying an additional 2,332 shares during the period. WINTON GROUP Ltd increased its stake in shares of Royal Gold by 139.8% in the second quarter. WINTON GROUP Ltd now owns 55,587 shares of the basic materials company’s stock valued at $4,345,000 after buying an additional 32,408 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of Royal Gold during the second quarter valued at $109,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Royal Gold by 4.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock valued at $580,000 after buying an additional 311 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Royal Gold by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 95,922 shares of the basic materials company’s stock valued at $7,499,000 after buying an additional 1,681 shares during the period. Institutional investors own 70.89% of the company’s stock.

RGLD has been the topic of several research reports. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Wednesday, July 12th. Macquarie lowered Royal Gold from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research note on Thursday, June 29th. Finally, Barclays PLC restated an “overweight” rating and set a $84.00 price target (up previously from $83.00) on shares of Royal Gold in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Royal Gold presently has a consensus rating of “Buy” and a consensus target price of $91.95.

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.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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