Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) Director Jamie C. Sokalsky acquired 2,000 shares of the company’s stock in a transaction on Monday, September 17th. The stock was acquired at an average price of $77.18 per share, with a total value of $154,360.00. Following the purchase, the director now directly owns 10,185 shares in the company, valued at $786,078.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

RGLD stock opened at $78.60 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.27 and a current ratio of 2.45. Royal Gold, Inc has a 12 month low of $71.91 and a 12 month high of $98.53. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 4.01 and a beta of 0.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Royal Gold had a negative net margin of 24.65% and a positive return on equity of 5.17%. The firm had revenue of $116.20 million for the quarter, compared to analyst estimates of $115.57 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. equities research analysts forecast that Royal Gold, Inc will post 1.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 56.82%.

Several research firms have commented on RGLD. Desjardins reissued a “buy” rating and issued a $100.00 target price on shares of Royal Gold in a report on Wednesday, July 18th. Zacks Investment Research lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Scotiabank set a $88.00 target price on shares of Royal Gold and gave the company a “hold” rating in a report on Thursday, August 9th. BidaskClub lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Finally, Raymond James decreased their target price on shares of Royal Gold from $99.00 to $98.00 and set an “outperform” rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Royal Gold presently has an average rating of “Hold” and a consensus price target of $98.86.

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in shares of Royal Gold by 3.0% during the 2nd quarter. Northern Trust Corp now owns 742,461 shares of the basic materials company’s stock valued at $68,931,000 after purchasing an additional 21,451 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Royal Gold by 26.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 35,484 shares of the basic materials company’s stock valued at $3,294,000 after purchasing an additional 7,491 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Royal Gold by 88.2% during the 2nd quarter. WINTON GROUP Ltd now owns 86,845 shares of the basic materials company’s stock valued at $8,063,000 after purchasing an additional 40,709 shares during the last quarter. Morse Asset Management Inc grew its holdings in shares of Royal Gold by 123.8% during the 2nd quarter. Morse Asset Management Inc now owns 9,400 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Argent Trust Co bought a new stake in shares of Royal Gold during the 2nd quarter valued at approximately $364,000. 74.88% of the stock is currently owned by institutional investors.

About Royal Gold

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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