Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) (TSE:RGL) SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Daniel Breeze also recently made the following trade(s):
- On Friday, September 13th, Daniel Breeze sold 840 shares of Royal Gold stock. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20.
Royal Gold Stock Down 0.1 %
Shares of RGLD opened at $148.22 on Wednesday. The firm has a market cap of $9.75 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89. The company's fifty day moving average is $145.98 and its two-hundred day moving average is $138.02. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10.
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Royal Gold (NASDAQ:RGLD - Get Free Report) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for 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%. Royal Gold's revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. As a group, equities research analysts anticipate that Royal Gold, Inc. will post 5.14 earnings per share for the current year.
Royal Gold Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's dividend payout ratio (DPR) is 41.28%.
Analyst Ratings Changes
Several analysts have commented on the stock. Scotiabank lifted their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Raymond James lifted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Jefferies Financial Group lifted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. TD Securities lifted their target price 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. Finally, StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $165.43.
Check Out Our Latest Stock Analysis on RGLD
Hedge Funds Weigh In On Royal Gold
Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the 3rd quarter valued at $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter valued at $38,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Royal Gold during the 3rd quarter valued at $49,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
Royal Gold Company Profile
(
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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