Insider Selling: Royal Gold (NASDAQ:RGLD) SVP Sells $421,218.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Royal Gold Price Performance

Royal Gold stock opened at $281.20 on Thursday. Royal Gold, Inc. has a one year low of $147.20 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The business has a fifty day moving average of $266.98 and a two-hundred day moving average of $218.49. The company has a market cap of $23.85 billion, a P/E ratio of 41.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. During the same period last year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 27.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RGLD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research note on Sunday, December 7th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price for the company. in a report on Monday, January 26th. Finally, TD Cowen upped their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in shares of Royal Gold by 2.9% during the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares during the last quarter. WPG Advisers LLC boosted its position in Royal Gold by 34.1% during the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 46 shares during the last quarter. Parcion Private Wealth LLC grew its stake in Royal Gold by 2.9% in the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after acquiring an additional 48 shares during the period. Encompass More Asset Management grew its stake in Royal Gold by 4.2% in the 3rd quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 52 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in Royal Gold by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.