Shares of Royal Gold Inc. (NASDAQ:RGLD) hit a new 52-week high during trading on Tuesday . The stock traded as high as $83.61 and last traded at $81.18, with a volume of 887,105 shares. The stock had previously closed at $83.22.

RGLD has been the subject of a number of research analyst reports. National Bank Financial downgraded Royal Gold from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, April 27th. Royal Bank Of Canada increased their price target on Royal Gold from $44.00 to $60.00 in a research report on Tuesday, April 12th. FBR & Co increased their price target on Royal Gold from $55.00 to $57.00 and gave the company a “mkt perform” rating in a research report on Tuesday, May 3rd. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Thursday, June 30th. Finally, Vetr downgraded Royal Gold from a “sell” rating to a “strong sell” rating and set a $43.42 price target for the company. in a research report on Monday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $68.06.

The stock has a 50 day moving average price of $66.19 and a 200 day moving average price of $51.20. The firm’s market cap is $5.30 billion.

Royal Gold (NASDAQ:RGLD) last announced its earnings results on Wednesday, April 27th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $97.26 million. Royal Gold’s quarterly revenue was up 26.2% on a year-over-year basis. Analysts expect that Royal Gold Inc. will post $1.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%.

In other news, VP Bruce Christopher Kirchhoff sold 3,333 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $66.19, for a total transaction of $220,611.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Holmes Heissenbuttel sold 1,250 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $57.64, for a total transaction of $72,050.00. Following the sale, the vice president now directly owns 66,898 shares of the company’s stock, valued at approximately $3,856,000.72. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the stock. Comerica Bank increased its stake in shares of Royal Gold by 1.1% in the fourth quarter. Comerica Bank now owns 60,916 shares of the company’s stock worth $2,290,000 after buying an additional 683 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Royal Gold by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 83,893 shares of the company’s stock valued at $3,060,000 after buying an additional 1,222 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Royal Gold by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 123,713 shares of the company’s stock valued at $4,512,000 after buying an additional 1,867 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Royal Gold by 3.2% in the fourth quarter. Nationwide Fund Advisors now owns 107,631 shares of the company’s stock valued at $3,925,000 after buying an additional 3,294 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Royal Gold by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 205,487 shares of the company’s stock valued at $7,494,000 after buying an additional 3,699 shares in the last quarter.

Royal Gold, Inc (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests.

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