Royal Gold, Inc. (NASDAQ:RGLD) Director Sells $291,747.20 in Stock

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

Royal Gold Stock Up 0.1 %

NASDAQ RGLD opened at $139.80 on Friday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a market cap of $9.19 billion, a PE ratio of 32.06, a P/E/G ratio of 1.12 and a beta of 0.90. The business’s fifty day simple moving average is $143.91 and its 200-day simple moving average is $135.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The business had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company’s revenue was up 39.8% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. Research analysts expect that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is 36.70%.

Analysts Set New Price Targets

A number of analysts recently weighed in on RGLD shares. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. TD Securities lifted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Royal Gold presently has an average rating of “Hold” and an average target price of $165.43.

Institutional Investors Weigh In On Royal Gold

A number of institutional investors have recently added to or reduced their stakes in RGLD. Sei Investments Co. raised its stake in Royal Gold by 4.3% in the 1st quarter. Sei Investments Co. now owns 37,130 shares of the basic materials company’s stock valued at $4,524,000 after purchasing an additional 1,527 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Royal Gold by 8.4% in the 1st quarter. QRG Capital Management Inc. now owns 2,437 shares of the basic materials company’s stock worth $297,000 after buying an additional 188 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Royal Gold by 2.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,484 shares of the basic materials company’s stock worth $2,861,000 after buying an additional 619 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Royal Gold by 6.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 71,843 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,316 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at about $8,736,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.