Randy Shefman Sells 1,300 Shares of Royal Gold, Inc. (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Royal Gold Stock Performance

NASDAQ RGLD opened at $154.65 on Wednesday. Royal Gold, Inc. has a twelve month low of $107.33 and a twelve month high of $158.94. The stock has a market capitalization of $10.17 billion, a PE ratio of 30.68, a P/E/G ratio of 3.42 and a beta of 0.84. The stock has a 50-day simple moving average of $145.13 and a 200 day simple moving average of $143.55.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.16%. Royal Gold’s dividend payout ratio is 35.71%.

Hedge Funds Weigh In On Royal Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock valued at $2,515,000 after acquiring an additional 149 shares during the period. Bank of Montreal Can increased its stake in Royal Gold by 187.5% during the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after acquiring an additional 83,015 shares during the period. Verition Fund Management LLC increased its stake in Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after acquiring an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Royal Gold during the third quarter valued at about $1,201,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Royal Gold by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock valued at $63,843,000 after acquiring an additional 5,067 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold Company Profile

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.