Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stefan Wenger also recently made the following trade(s):

  • On Monday, October 2nd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00.
  • On Friday, August 18th, Stefan Wenger sold 2,086 shares of Royal Gold stock. The shares were sold at an average price of $87.49, for a total transaction of $182,504.14.

Shares of Royal Gold, Inc. (NASDAQ RGLD) traded down $0.63 on Friday, reaching $86.00. 435,620 shares of the company’s stock traded hands, compared to its average volume of 422,067. The stock has a market cap of $5,630.00, a PE ratio of 58.93, a P/E/G ratio of 5.85 and a beta of 0.49. The company has a quick ratio of 4.29, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. Royal Gold, Inc. has a fifty-two week low of $60.21 and a fifty-two week high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $112.50 million during the quarter, compared to analysts’ expectations of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. analysts predict that Royal Gold, Inc. will post 1.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.96 annualized dividend and a yield of 1.12%. Royal Gold’s payout ratio is currently 62.34%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Royal Gold by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after buying an additional 73,112 shares during the period. Capital World Investors boosted its position in Royal Gold by 25.7% during the 2nd quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after buying an additional 849,900 shares during the period. First Eagle Investment Management LLC boosted its position in Royal Gold by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after buying an additional 73,384 shares during the period. Northern Trust Corp boosted its position in Royal Gold by 0.6% during the 2nd quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock valued at $60,715,000 after buying an additional 4,266 shares during the period. Finally, Gabelli Funds LLC boosted its position in Royal Gold by 4.3% during the 2nd quarter. Gabelli Funds LLC now owns 686,700 shares of the basic materials company’s stock valued at $53,679,000 after buying an additional 28,000 shares during the period. 70.19% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on RGLD. FBR & Co upped their price objective on shares of Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, August 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $99.00) on shares of Royal Gold in a research note on Thursday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Royal Gold in a research note on Thursday, September 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Royal Gold in a research note on Wednesday, September 6th. Finally, National Bank Financial upped their price objective on shares of Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a research note on Thursday, August 10th. One research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $93.32.

About Royal Gold

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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