Royal Gold, Inc. (NASDAQ:RGLD) SVP Sells $201,474.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Royal Gold Stock Performance

NASDAQ RGLD traded up $1.65 during trading hours on Friday, hitting $156.94. The company had a trading volume of 341,881 shares, compared to its average volume of 367,745. Royal Gold, Inc. has a 52 week low of $108.95 and a 52 week high of $158.94. The firm has a 50 day simple moving average of $145.89 and a 200 day simple moving average of $143.71. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

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Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given 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 1.15%. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $168.86.

Institutional Trading of Royal Gold

A number of large investors have recently modified their holdings of the business. Veracity Capital LLC boosted its position in shares of Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after acquiring an additional 76 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after buying an additional 94 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after buying an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock valued at $2,413,000 after buying an additional 100 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

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.