Insider Selling: Royal Gold, Inc. (NASDAQ:RGLD) Director Sells $291,747.20 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % 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 Stock Performance

NASDAQ RGLD opened at $140.24 on Friday. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The stock has a 50-day moving average of $144.03 and a 200 day moving average of $135.50. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. The business had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts predict that Royal Gold, Inc. will post 5.13 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s payout ratio is currently 36.70%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RGLD. Valued Retirements Inc. bought a new stake in Royal Gold during the 3rd quarter valued at approximately $403,000. Public Employees Retirement System of Ohio increased its stake in Royal Gold by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,083 shares of the basic materials company’s stock worth $3,659,000 after acquiring an additional 640 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Royal Gold in the 3rd quarter worth approximately $268,000. Finally, Stansberry Asset Management LLC increased its stake in Royal Gold by 17.2% in the 3rd quarter. Stansberry Asset Management LLC now owns 2,986 shares of the basic materials company’s stock worth $419,000 after acquiring an additional 439 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on RGLD. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Scotiabank upped their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Raymond James raised their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and a consensus price target of $165.43.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.