Royal Gold, Inc (NASDAQ:RGLD) CEO Sells $2,989,848.32 in Stock

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Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 31,936 shares of Royal Gold stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $93.62, for a total value of $2,989,848.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:RGLD traded up $1.25 during trading on Wednesday, hitting $93.65. 406,404 shares of the company were exchanged, compared to its average volume of 424,805. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 6.18 and a beta of 0.12. Royal Gold, Inc has a fifty-two week low of $70.16 and a fifty-two week high of $98.53. The company has a quick ratio of 5.13, a current ratio of 5.39 and a debt-to-equity ratio of 0.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $109.80 million during the quarter, compared to the consensus estimate of $115.32 million. Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that Royal Gold, Inc will post 1.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.265 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.06 annualized dividend and a yield of 1.13%. Royal Gold’s dividend payout ratio (DPR) is presently 60.23%.

RGLD has been the topic of several recent analyst reports. Desjardins cut Royal Gold from a “buy” rating to a “hold” rating in a report on Friday, April 12th. TD Securities lifted their price objective on Royal Gold from $94.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, February 26th. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. BMO Capital Markets cut Royal Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Finally, Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Royal Gold has an average rating of “Hold” and a consensus target price of $95.95.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its stake in Royal Gold by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares during the period. Van ECK Associates Corp lifted its position in shares of Royal Gold by 20.9% during the 4th quarter. Van ECK Associates Corp now owns 4,811,625 shares of the basic materials company’s stock valued at $412,116,000 after acquiring an additional 831,019 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Royal Gold by 8,465.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 2,184,139 shares during the period. Norges Bank bought a new stake in shares of Royal Gold during the 4th quarter valued at $82,113,000. Finally, Geode Capital Management LLC lifted its position in shares of Royal Gold by 16.2% during the 1st quarter. Geode Capital Management LLC now owns 792,181 shares of the basic materials company’s stock valued at $72,033,000 after acquiring an additional 110,535 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.

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About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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