Shares of Royal Gold Inc. (NASDAQ:RGLD) dropped 1.9% during mid-day trading on Friday . The stock traded as low as $79.84 and last traded at $80.07, with a volume of 437,628 shares. The stock had previously closed at $81.59.

Several analysts recently weighed in on RGLD shares. National Bank Financial decreased their target price on Royal Gold from $60.00 to $58.00 in a research note on Thursday, April 7th. Dundee Securities increased their target price on Royal Gold from $54.00 to $58.00 in a research note on Thursday, April 7th. Royal Bank Of Canada increased their target price on Royal Gold from $44.00 to $60.00 in a research note on Tuesday, April 12th. CIBC increased their target price on Royal Gold from $49.00 to $52.00 in a research note on Friday, April 8th. Finally, Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Royal Gold currently has an average rating of “Buy” and an average target price of $68.06.

The firm’s 50 day moving average price is $68.47 and its 200-day moving average price is $51.86. The firm’s market capitalization is $5.26 billion.

Royal Gold (NASDAQ:RGLD) last released its quarterly earnings data 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 business earned $93.50 million during the quarter, compared to analysts’ expectations of $97.26 million. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. Equities analysts anticipate that Royal Gold Inc. will post $1.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be paid a $0.23 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%.

In other news, VP Bruce Christopher Kirchhoff sold 3,333 shares of Royal Gold 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Holmes Heissenbuttel sold 1,250 shares of Royal Gold stock in a transaction on Friday, May 13th. The stock was 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 $3,856,000.72. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. OppenheimerFunds Inc. increased its stake in Royal Gold by 142.9% in the fourth quarter. OppenheimerFunds Inc. now owns 850,045 shares of the company’s stock worth $31,002,000 after buying an additional 500,045 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Royal Gold by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 620,394 shares of the company’s stock valued at $22,623,000 after buying an additional 112,996 shares in the last quarter. Russell Frank Co boosted its position in shares of Royal Gold by 2,346.5% in the fourth quarter. Russell Frank Co now owns 207,907 shares of the company’s stock valued at $7,470,000 after buying an additional 199,409 shares in the last quarter. Principal Financial Group Inc. boosted 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. Finally, California State Teachers Retirement System boosted 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.

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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