Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 3,523 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $87.03, for a total value of $306,606.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Royal Gold, Inc. (NASDAQ RGLD) opened at 88.74 on Friday. The company has a market capitalization of $5.80 billion, a P/E ratio of 57.25 and a beta of 0.68. The firm has a 50-day moving average price of $84.62 and a 200 day moving average price of $75.56. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $89.29.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.02. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.72 million. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts predict that Royal Gold, Inc. will post $1.80 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.

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A number of research analysts recently issued reports on RGLD shares. Scotiabank boosted their price objective on Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, May 12th. FBR & Co boosted their price objective on Royal Gold from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 price objective on shares of Royal Gold in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.95.

A number of large investors have recently made changes to their positions in the stock. U S Global Investors Inc. boosted its stake in shares of Royal Gold by 333.1% in the second quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after buying an additional 2,332 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Royal Gold by 139.8% in the second quarter. WINTON GROUP Ltd now owns 55,587 shares of the basic materials company’s stock worth $4,345,000 after buying an additional 32,408 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of Royal Gold during the second quarter worth approximately $109,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Royal Gold by 4.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock worth $580,000 after buying an additional 311 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Royal Gold by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 95,922 shares of the basic materials company’s stock worth $7,499,000 after buying an additional 1,681 shares during the period. Hedge funds and other institutional investors own 70.89% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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