Insider Selling: Royal Gold, Inc (RGLD) CFO Sells 1,500 Shares of Stock
Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Stefan Wenger also recently made the following trade(s):
- On Wednesday, December 13th, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $85.00, for a total value of $127,500.00.
- On Thursday, November 2nd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $85.00, for a total value of $127,500.00.
Shares of Royal Gold, Inc (NASDAQ:RGLD) traded down $0.20 on Tuesday, reaching $85.36. The company had a trading volume of 551,199 shares, compared to its average volume of 548,020. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. The firm has a market capitalization of $5,590.00, a P/E ratio of 55.43, a price-to-earnings-growth ratio of 4.85 and a beta of 0.46. Royal Gold, Inc has a 52-week low of $61.00 and a 52-week high of $94.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s payout ratio is currently 64.94%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc purchased a new stake in Royal Gold in the second quarter valued at approximately $109,000. Quantbot Technologies LP purchased a new stake in Royal Gold in the third quarter valued at approximately $174,000. U S Global Investors Inc. lifted its stake in 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 last quarter. Macquarie Group Ltd. purchased a new stake in Royal Gold in the third quarter valued at approximately $267,000. Finally, Visionary Asset Management Inc. purchased a new stake in Royal Gold in the third quarter valued at approximately $289,000. Institutional investors own 72.02% of the company’s stock.
RGLD has been the subject of a number of analyst reports. Royal Bank of Canada set a $89.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research raised Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, December 6th. TD Securities lowered their price objective on Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, December 29th. Canaccord Genuity downgraded Royal Gold from a “buy” rating to a “hold” rating and lowered their price target for the company from $109.00 to $99.00 in a report on Thursday, December 28th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Royal Gold in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $94.63.
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About Royal Gold
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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