Royal Gold (NASDAQ:RGLD) Sees Unusually-High Trading Volume

Royal Gold, Inc. (NASDAQ:RGLDGet Free Report) (TSE:RGL) shares saw unusually-strong trading volume on Monday . Approximately 767,975 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 406,091 shares.The stock last traded at $130.95 and had previously closed at $131.00.

Analyst Ratings Changes

A number of analysts have commented on RGLD shares. BMO Capital Markets increased their price target on shares of Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Bank of America increased their price target on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research note on Wednesday, June 26th. Finally, Scotiabank increased their price target on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and a consensus target price of $144.86.

Read Our Latest Stock Analysis on RGLD

Royal Gold Trading Up 0.2 %

The business’s 50 day moving average price is $126.55 and its 200-day moving average price is $119.68. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 1.08 and a beta of 0.87. The company has a current ratio of 2.50, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The company had revenue of $148.90 million for the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. Royal Gold’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, equities analysts anticipate that Royal Gold, Inc. will post 4.56 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, July 5th. Royal Gold’s payout ratio is 47.20%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

Institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new stake in shares of Royal Gold in the 4th quarter valued at $27,000. Larson Financial Group LLC boosted its stake in shares of Royal Gold by 526.3% in the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $31,000. BKM Wealth Management LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $36,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Royal Gold during the 1st quarter valued at $36,000. 83.65% of the stock is owned by institutional investors.

About Royal Gold

(Get Free Report)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.

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