Royal Gold (NASDAQ:RGLD) Director Sells $549,660.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Royal Gold Trading Down 4.0%

NASDAQ RGLD opened at $259.11 on Friday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a 50-day moving average of $273.83 and a 200-day moving average of $223.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The company has a market cap of $21.98 billion, a P/E ratio of 38.05, a P/E/G ratio of 1.56 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the business posted $1.63 earnings per share. Royal Gold’s revenue was up 85.2% on a year-over-year basis. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Institutional Trading of Royal Gold

A number of hedge funds have recently made changes to their positions in the company. Greenleaf Trust lifted its position in shares of Royal Gold by 2.9% during the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC grew its holdings in Royal Gold by 34.1% during the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 46 shares in the last quarter. Parcion Private Wealth LLC increased its stake in Royal Gold by 2.9% during the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after buying an additional 48 shares during the period. Encompass More Asset Management increased its stake in Royal Gold by 4.2% during the 3rd quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock worth $257,000 after buying an additional 52 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in Royal Gold by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock worth $274,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RGLD shares. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Royal Gold Company Profile

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.