Royal Gold (NASDAQ:RGLD) Director William Hayes Sells 4,173 Shares

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director William Hayes sold 4,173 shares of Royal Gold stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares of the company’s stock, valued at $1,698,162.03. The trade was a 40.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Royal Gold Price Performance

Shares of RGLD traded up $2.71 during midday trading on Monday, hitting $288.25. 322,676 shares of the company traded hands, compared to its average volume of 988,592. Royal Gold, Inc. has a one year low of $142.95 and a one year high of $306.25. The firm has a market cap of $24.45 billion, a P/E ratio of 42.33, a PEG ratio of 0.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The stock has a 50-day moving average of $256.65 and a 200-day moving average of $212.07.

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

Wall Street Analysts Forecast Growth

RGLD has been the topic of several recent analyst reports. TD Cowen raised their price target on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Scotiabank lowered 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 research report on Monday, January 26th. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research note on Thursday, November 6th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. bought a new stake in Royal Gold in the 4th quarter worth $136,000. Compound Planning Inc. raised its stake in shares of Royal Gold by 10.0% during the fourth quarter. Compound Planning Inc. now owns 1,446 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 131 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Royal Gold by 44.3% during the fourth quarter. Invesco Ltd. now owns 1,446,731 shares of the basic materials company’s stock worth $321,594,000 after purchasing an additional 443,942 shares during the period. Corient Private Wealth LLC grew its position in shares of Royal Gold by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 6,629 shares of the basic materials company’s stock worth $1,470,000 after buying an additional 3,839 shares during the last quarter. Finally, First Commonwealth Financial Corp PA boosted its holdings in Royal Gold by 5.1% in the fourth quarter. First Commonwealth Financial Corp PA now owns 3,692 shares of the basic materials company’s stock valued at $821,000 after acquiring an additional 180 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

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.