Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now directly owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Royal Gold Stock Down 1.2 %
Shares of NASDAQ RGLD opened at $139.69 on Thursday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market cap of $9.19 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.13 and a beta of 0.90. The business has a 50-day simple moving average of $143.86 and a two-hundred day simple moving average of $135.36.
Royal Gold (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm's quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities research analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, October 4th. Royal Gold's dividend payout ratio (DPR) is currently 36.70%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Royal Gold by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company's stock worth $811,861,000 after purchasing an additional 21,407 shares during the period. Van ECK Associates Corp raised its holdings in Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company's stock worth $553,810,000 after buying an additional 39,394 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Royal Gold by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company's stock valued at $448,694,000 after acquiring an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Royal Gold by 34.1% during the second quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company's stock valued at $104,507,000 after purchasing an additional 212,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock valued at $100,991,000 after acquiring an additional 156,048 shares during the period. 83.65% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
RGLD has been the topic of several recent analyst reports. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $165.43.
Get Our Latest Analysis on Royal Gold
About Royal Gold
(
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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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