Insider Selling: Royal Gold (NASDAQ:RGLD) SVP Sells 500 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president directly owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Randy Shefman also recently made the following trade(s):

• On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00.

Royal Gold Trading Up 2.3%

Shares of RGLD traded up $5.04 during trading hours on Tuesday, hitting $220.56. 403,648 shares of the stock traded hands, compared to its average volume of 945,861. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The firm has a market capitalization of $18.72 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.42. The business has a fifty day moving average of $236.35 and a 200-day moving average of $245.90.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research analyst reports. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. National Bank Financial dropped their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average price target of $280.70.

Institutional Investors Weigh In On Royal Gold

Institutional investors have recently made changes to their positions in the stock. Greenleaf Trust increased its holdings in Royal Gold by 2.9% in the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock valued at $342,000 after buying an additional 43 shares during the period. Bank of Nova Scotia grew its position in shares of Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after buying an additional 43 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after buying an additional 44 shares during the last quarter. WPG Advisers LLC boosted its holdings in shares of Royal Gold by 34.1% during the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after buying an additional 46 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Royal Gold by 0.6% during the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after buying an additional 46 shares in the last quarter. 83.65% of the stock is currently owned by 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.