Royal Gold (NASDAQ:RGLD) SVP Randy Shefman Sells 500 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the transaction, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00.

Royal Gold Stock Performance

RGLD stock traded down $6.11 during trading hours on Friday, reaching $262.85. The stock had a trading volume of 677,294 shares, compared to its average volume of 886,266. The stock has a market capitalization of $22.27 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The stock has a 50-day simple moving average of $214.10 and a 200 day simple moving average of $236.55. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The company had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s quarterly revenue was up 114.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. Analysts predict that Royal Gold, Inc. will post 10.26 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Institutional Investors Weigh In On Royal Gold

Several hedge funds have recently bought and sold shares of the stock. Axiom Investment Management LLC acquired a new position in shares of Royal Gold in the first quarter valued at approximately $25,000. Grove Bank & Trust lifted its holdings in Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Royal Gold in the 4th quarter valued at $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold in the 4th quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new position in Royal Gold in the 1st quarter valued at $32,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGLD has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. UBS Group boosted their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Scotiabank restated a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group cut their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Royal Gold has a consensus rating of “Hold” and an average price target of $285.10.

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.