Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 46,570 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $124.59, for a total value of $5,802,156.30. The sale was disclosed in a filing with the SEC, which is available at this link.
NASDAQ:RGLD traded down $0.94 during trading on Wednesday, reaching $123.66. The company’s stock had a trading volume of 508,896 shares, compared to its average volume of 457,229. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 85.28, a price-to-earnings-growth ratio of 5.69 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.26 and a current ratio of 4.60. The company has a 50 day simple moving average of $114.00. Royal Gold, Inc has a 12 month low of $70.16 and a 12 month high of $131.28.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a $0.265 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 0.86%. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.
Large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Royal Gold by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 681,646 shares of the basic materials company’s stock worth $58,382,000 after purchasing an additional 40,512 shares during the period. Virtu Financial LLC acquired a new position in shares of Royal Gold during the first quarter worth approximately $707,000. Retirement Systems of Alabama raised its position in shares of Royal Gold by 0.4% during the first quarter. Retirement Systems of Alabama now owns 85,287 shares of the basic materials company’s stock worth $7,755,000 after purchasing an additional 351 shares during the period. Sciencast Management LP acquired a new position in shares of Royal Gold during the first quarter worth approximately $249,000. Finally, Asset Advisors Investment Management LLC acquired a new position in shares of Royal Gold during the first quarter worth approximately $227,000. Hedge funds and other institutional investors own 78.90% of the company’s stock.
Several equities research analysts recently issued reports on the company. TD Securities upped their price target on Royal Gold from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, August 9th. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. BidaskClub upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. CIBC downgraded Royal Gold from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, August 1st. Finally, B. Riley upped their price objective on Royal Gold from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Gold currently has an average rating of “Hold” and an average price target of $110.94.
Royal Gold Company Profile
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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