Royal Gold, Inc (NASDAQ:RGLD) VP Sells $271,668.46 in Stock

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) VP Mark Isto sold 2,173 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $125.02, for a total value of $271,668.46. Following the completion of the transaction, the vice president now owns 21,480 shares in the company, valued at approximately $2,685,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RGLD stock traded up $0.39 during midday trading on Thursday, hitting $123.85. 10,918 shares of the company traded hands, compared to its average volume of 598,371. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $131.28. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $114.00. The company has a market cap of $8.08 billion, a PE ratio of 85.72, a price-to-earnings-growth ratio of 5.16 and a beta of 0.21.

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.06 annualized dividend and a yield of 0.86%. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.

Several brokerages have commented on RGLD. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a report on Friday, June 7th. TD Securities increased their price target on Royal Gold from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, August 9th. BidaskClub upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. National Bank Financial increased their price target on Royal Gold from $112.50 to $117.50 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Finally, B. Riley increased their price target on Royal Gold from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $110.94.

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Royal Gold by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 681,646 shares of the basic materials company’s stock worth $58,382,000 after purchasing an additional 40,512 shares during the period. Virtu Financial LLC acquired a new stake in Royal Gold in the first quarter worth about $707,000. Retirement Systems of Alabama increased its position in Royal Gold by 0.4% in the first quarter. Retirement Systems of Alabama now owns 85,287 shares of the basic materials company’s stock worth $7,755,000 after purchasing an additional 351 shares during the period. Sciencast Management LP acquired a new stake in Royal Gold in the first quarter worth about $249,000. Finally, Carroll Financial Associates Inc. increased its position in Royal Gold by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,405 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 262 shares during the period. 78.90% of the stock is owned by institutional investors.

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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