Insider Selling: Royal Gold (NASDAQ:RGLD) SVP Sells 500 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Randy Shefman also recently made the following trade(s):

• On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00.

Royal Gold Stock Up 2.3%

Royal Gold stock traded up $5.04 during trading on Tuesday, hitting $220.56. 403,648 shares of the company were exchanged, compared to its average volume of 945,861. The business’s 50 day moving average is $236.35 and its 200 day moving average is $245.90. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The company has a market capitalization of $18.72 billion, a P/E ratio of 26.29, a PEG ratio of 1.54 and a beta of 0.42. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

Institutional Investors Weigh In On Royal Gold

A number of large investors have recently added to or reduced their stakes in RGLD. Greenleaf Trust lifted its stake in shares of Royal Gold by 2.9% in the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares during the period. Bank of Nova Scotia boosted its stake in Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 43 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of Royal Gold by 1.5% in the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares during the last quarter. WPG Advisers LLC increased its holdings in shares of Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Royal Gold by 0.6% in the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.70.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.