Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Stefan Wenger also recently made the following trade(s):

  • On Monday, July 3rd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $77.05, for a total transaction of $115,575.00.
  • On Thursday, June 1st, Stefan Wenger sold 2,000 shares of Royal Gold stock. The stock was sold at an average price of $80.06, for a total transaction of $160,120.00.
  • On Wednesday, May 17th, Stefan Wenger sold 2,500 shares of Royal Gold stock. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00.
  • On Thursday, May 11th, Stefan Wenger sold 500 shares of Royal Gold stock. The stock was sold at an average price of $75.00, for a total transaction of $37,500.00.
  • On Monday, May 1st, Stefan Wenger sold 1,000 shares of Royal Gold stock. The stock was sold at an average price of $70.40, for a total transaction of $70,400.00.

Shares of Royal Gold, Inc. (RGLD) opened at 82.67 on Wednesday. The stock’s 50 day moving average is $78.26 and its 200-day moving average is $72.19. Royal Gold, Inc. has a 12 month low of $60.21 and a 12 month high of $87.74. The company has a market cap of $5.40 billion, a P/E ratio of 52.82 and a beta of 0.66.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Royal Gold had a return on equity of 4.22% and a net margin of 23.93%. The business had revenue of $107 million for the quarter, compared to analysts’ expectations of $105.14 million. During the same period last year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities analysts forecast that Royal Gold, Inc. will post $1.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Royal Gold’s dividend payout ratio (DPR) is presently 61.15%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Royal Gold during the fourth quarter valued at about $261,000. AQR Capital Management LLC boosted its position in shares of Royal Gold by 5.1% in the fourth quarter. AQR Capital Management LLC now owns 20,478 shares of the basic materials company’s stock valued at $1,297,000 after buying an additional 998 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Royal Gold during the fourth quarter valued at about $352,000. ICM Asset Management Inc. WA acquired a new position in shares of Royal Gold during the fourth quarter valued at about $1,829,000. Finally, Teachers Advisors LLC boosted its position in shares of Royal Gold by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 140,014 shares of the basic materials company’s stock valued at $8,870,000 after buying an additional 17,977 shares during the period. 70.58% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on RGLD. Zacks Investment Research lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James Financial, Inc. restated a “market perform” rating and issued a $88.00 price objective on shares of Royal Gold in a report on Thursday, June 15th. BidaskClub lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Scotiabank lifted their target price on shares of Royal Gold from $81.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, May 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research report on Friday, May 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.77.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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