Insider Selling: Royal Gold, Inc. (NASDAQ:RGLD) SVP Sells 1,300 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 1,300 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Royal Gold Trading Up 0.6 %

RGLD stock traded up $0.89 during midday trading on Monday, hitting $155.09. The company had a trading volume of 410,061 shares, compared to its average volume of 366,228. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 3.42 and a beta of 0.84. The stock’s 50 day moving average price is $144.71 and its 200 day moving average price is $143.45. Royal Gold, Inc. has a 52 week low of $107.33 and a 52 week high of $157.67.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.16%. Royal Gold’s dividend payout ratio is 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.86.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in shares of Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock valued at $2,515,000 after buying an additional 149 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after purchasing an additional 83,015 shares during the period. Verition Fund Management LLC boosted its position in shares of Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after buying an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Royal Gold in the 3rd quarter valued at $1,201,000. Finally, Cerity Partners LLC increased its stake in Royal Gold by 114.5% in the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock worth $4,527,000 after buying an additional 17,227 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

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.