Royal Gold, Inc (NASDAQ:RGLD) Director Ronald J. Vance Sells 1,930 Shares

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) Director Ronald J. Vance sold 1,930 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $94.77, for a total transaction of $182,906.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Royal Gold stock traded up $0.53 on Friday, hitting $95.10. The stock had a trading volume of 342,072 shares, compared to its average volume of 347,075. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $98.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13. The company has a market capitalization of $6.20 billion, a P/E ratio of 54.03, a P/E/G ratio of 6.20 and a beta of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $109.80 million during the quarter, compared to analyst estimates of $115.32 million. Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. Equities analysts anticipate that Royal Gold, Inc will post 1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, July 3rd. Royal Gold’s dividend payout ratio is presently 60.23%.

RGLD has been the subject of several recent research reports. B. Riley raised Royal Gold from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $100.00 in a research note on Monday, April 1st. BidaskClub raised Royal Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 1st. ValuEngine downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Desjardins downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Royal Gold has a consensus rating of “Hold” and an average target price of $95.95.

A number of large investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC boosted its holdings in shares of Royal Gold by 12.7% during the 1st quarter. Clearbridge Investments LLC now owns 764,539 shares of the basic materials company’s stock worth $69,520,000 after buying an additional 86,116 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Royal Gold by 0.9% during the 1st quarter. Advisory Services Network LLC now owns 25,243 shares of the basic materials company’s stock worth $2,295,000 after buying an additional 222 shares in the last quarter. BlueMountain Capital Management LLC boosted its holdings in shares of Royal Gold by 183.2% during the 1st quarter. BlueMountain Capital Management LLC now owns 67,863 shares of the basic materials company’s stock worth $6,171,000 after buying an additional 43,897 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Royal Gold by 7.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,716 shares of the basic materials company’s stock worth $1,156,000 after buying an additional 883 shares in the last quarter. Finally, Man Group plc boosted its holdings in shares of Royal Gold by 271.9% during the 1st quarter. Man Group plc now owns 53,294 shares of the basic materials company’s stock worth $4,845,000 after buying an additional 38,962 shares in the last quarter. 79.88% of the stock is owned by institutional investors and hedge funds.

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About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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