Insider Selling at Royal Gold, Inc. (NASDAQ:RGLD)

On Monday, March 17th, Randy Shefman, the Senior Vice President of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report), sold 1,300 shares of the company's stock. The shares were sold at an average price of $154.98, totaling $201,474.00 for the transaction. After this sale, Shefman's remaining ownership in the company decreased to 9,360 shares, which are valued at approximately $1,450,612.80. This represents a 12.20% reduction in his stake in the company. The sale was reported in a filing with the Securities and Exchange Commission (SEC), which can be accessed through provided links.

Royal Gold's Stock Performance

During midday trading on the same Monday, Royal Gold's stock saw an increase of 0.6%, reaching $155.09. The trading volume for the day amounted to 410,061 shares, surpassing its average volume of 366,228 shares. The company's market capitalization stands at $10.20 billion, with a price-to-earnings ratio of 30.77, a PEG ratio of 3.42, and a beta of 0.84. Its 50-day moving average is $144.71, while the 200-day average is $143.45. Over the past year, Royal Gold's stock has experienced a low of $107.33 and a high of $157.67.

Recent Earnings Report

Royal Gold recently reported its quarterly earnings on February 12th, where it announced an earnings per share (EPS) of $1.63, surpassing the consensus estimate of $1.46 by $0.17. The company boasts a robust net margin of 46.15% and a return on equity of 11.46%. Analysts forecast that Royal Gold will report an EPS of 6.20 for the current fiscal year.

Dividend Announcement

Additionally, the company has declared a quarterly dividend scheduled to be paid on April 17th. Shareholders recorded as of April 4th will receive a dividend of $0.45 per share. This dividend signifies an annualized payment of $1.80, providing a yield of 1.16%. Royal Gold's dividend payout ratio stands at 35.71%.

Analyst Ratings Update

Jefferies Financial Group recently upgraded Royal Gold's stock from a "hold" rating to a "buy" rating and raised their price target from $154.00 to $178.00 as of January 7th. Currently, the stock has received one sell rating, three hold ratings, and five buy ratings, resulting in an average rating of "Hold" and an average target price of $168.86.

Institutional Stake Changes

Several hedge funds have recently modified their investments in Royal Gold. For instance, Arizona State Retirement System increased its position by 0.8%, now holding 19,076 shares valued at $2,515,000, after adding 149 shares recently. Bank of Montreal escalated its stake by 187.5% during the third quarter, now owning 127,285 shares worth $18,049,000. Other funds, including Verition Fund Management and Cerity Partners, have also increased their ownership significantly during this period. A notable 83.65% of the company’s stock is held by institutional investors.

About Royal Gold, Inc.

Royal Gold, Inc., including its subsidiaries, focuses on acquiring and managing precious metal streams, royalties, and related interests. The company actively seeks to acquire interests in producing, developing, or exploring projects in exchange for streams or royalties, primarily in gold, silver, copper, nickel, zinc, and lead.

Insider, Selling, RoyalGold, RGLD, Stock