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

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

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $155.09 on Tuesday. The firm has a market capitalization of $10.20 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The firm’s 50-day moving average is $144.71 and its two-hundred day moving average is $143.45. Royal Gold, Inc. has a 1 year low of $107.33 and a 1 year high of $157.67.

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

Royal Gold Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.16%. Royal Gold’s payout ratio is 35.71%.

Institutional Trading of Royal Gold

Large investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold during the third quarter worth approximately $36,000. Advisors Asset Management Inc. purchased a new stake in shares of Royal Gold during the third quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $42,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.