The Royal Gold, Inc. (RGLD) CEO Tony A. Jensen Sells 25,000 Shares

The Royal Gold, Inc. (RGLD) CEO Tony A. Jensen Sells 25,000 Shares

Royal Gold, Inc. (RGLD) opened at 78.17 on Wednesday. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $87.74. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 49.95 and a beta of 0.73. The stock has a 50 day moving average of $75.81 and a 200 day moving average of $70.17.

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $2,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $107 million for the quarter, compared to analyst estimates of $105.14 million. Royal Gold had a net margin of 23.93% and a return on equity of 4.22%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Analysts forecast that Royal Gold, Inc. will post $1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.23%. Royal Gold’s dividend payout ratio (DPR) is 61.15%. Several research firms have weighed in on RGLD. Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 target price on shares of Royal Gold in a report on Monday, June 5th. Barclays PLC reiterated an “overweight” rating and issued a $84.00 target price (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. BidaskClub lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a report on Friday, May 26th. Finally, FBR & Co boosted their target price on shares of Royal Gold from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $88.88.

A number of hedge funds and other institutional investors have recently made changes to their positions in RGLD. 1832 Asset Management L.P. acquired a new position in shares of Royal Gold during the third quarter worth $6,922,000. U S Global Investors Inc. boosted its position in shares of Royal Gold by 194.1% in the third quarter. U S Global Investors Inc. now owns 60,000 shares of the basic materials company’s stock worth $4,646,000 after buying an additional 39,600 shares during the period. Clinton Group Inc. acquired a new position in shares of Royal Gold during the third quarter worth $2,729,000. OLD Mission Capital LLC acquired a new position in shares of Royal Gold during the third quarter worth $944,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Royal Gold by 127.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the basic materials company’s stock worth $294,000 after buying an additional 2,127 shares during the period. 70.73% of the stock is currently owned by hedge funds and other institutional investors. Royal Gold Company Profile

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