Royal Gold (NASDAQ:RGLD) SVP Daniel Breeze Sells 1,400 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Daniel Breeze sold 1,400 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Royal Gold Trading Up 1.5%

Shares of RGLD traded up $4.50 during trading hours on Monday, hitting $304.29. The company had a trading volume of 882,162 shares, compared to its average volume of 983,264. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 52-week low of $146.88 and a 52-week high of $306.25. The stock’s 50 day moving average price is $263.60 and its 200 day moving average price is $216.33. The firm has a market cap of $25.81 billion, a P/E ratio of 44.68, a P/E/G ratio of 1.81 and a beta of 0.47.

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

Royal Gold Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.6%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RGLD. Elyxium Wealth LLC bought a new position in Royal Gold during the 4th quarter valued at about $27,000. Gen Wealth Partners Inc purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $27,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Gold during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the fourth quarter worth approximately $30,000. Finally, Bank & Trust Co lifted its stake in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of a number of recent research reports. TD Cowen upped their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $251.50.

About Royal Gold

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.