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