Randy Shefman Sells 500 Shares of Royal Gold (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Randy Shefman also recently made the following trade(s):

• On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00.

Royal Gold Trading Down 2.3%

Shares of Royal Gold stock opened at $262.85 on Friday. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.98 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock has a 50 day moving average of $215.06 and a 200 day moving average of $236.73.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same period last year, the business earned $1.81 earnings per share. As a group, research analysts predict that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s payout ratio is currently 20.74%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank restated a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, UBS Group upped their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $285.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in Royal Gold during the 1st quarter worth approximately $25,000. Elyxium Wealth LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold during the fourth quarter worth $27,000. Scarborough Advisors LLC purchased a new position in Royal Gold in the 1st quarter valued at $32,000. Finally, Grove Bank & Trust increased its stake in Royal Gold by 88.6% in the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

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.