Insider Selling: Royal Gold, Inc. (NASDAQ:RGLD) Director Sells 1,984 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $140.24 on Friday. The stock has a market capitalization of $9.22 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10. The business has a fifty day moving average price of $144.03 and a 200 day moving average price of $135.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts anticipate that Royal Gold, Inc. will post 5.13 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is currently 36.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RGLD shares. Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Raymond James boosted their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group boosted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $165.43.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Valued Retirements Inc. acquired a new position in Royal Gold during the 3rd quarter valued at about $403,000. Public Employees Retirement System of Ohio increased its position in Royal Gold by 2.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,083 shares of the basic materials company’s stock valued at $3,659,000 after buying an additional 640 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after buying an additional 110 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Royal Gold during the 3rd quarter valued at about $268,000. Finally, Stansberry Asset Management LLC increased its holdings in shares of Royal Gold by 17.2% in the third quarter. Stansberry Asset Management LLC now owns 2,986 shares of the basic materials company’s stock valued at $419,000 after purchasing an additional 439 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.