Royal Gold, Inc. (NASDAQ:RGLD) SVP Randy Shefman Sells 1,300 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 1,300 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Royal Gold Price Performance

Shares of RGLD traded up $0.89 during mid-day trading on Monday, reaching $155.09. The stock had a trading volume of 410,061 shares, compared to its average volume of 366,228. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $157.67. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.42 and a beta of 0.84. The business’s fifty day moving average is $144.71 and its 200 day moving average is $143.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Royal Gold’s dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus target price of $168.86.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently modified their holdings of RGLD. Arizona State Retirement System boosted its stake in Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock worth $2,515,000 after buying an additional 149 shares during the period. Bank of Montreal Can grew its stake in shares of Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after buying an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Royal Gold in the 3rd quarter valued at about $1,201,000. Finally, Cerity Partners LLC grew its position in Royal Gold by 114.5% in the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after acquiring an additional 17,227 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

About Royal Gold

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.