Bruce Christopher Kirchhoff Sells 5,265 Shares of Royal Gold, Inc (NASDAQ:RGLD) Stock

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Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) VP Bruce Christopher Kirchhoff sold 5,265 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $94.14, for a total value of $495,647.10. Following the completion of the transaction, the vice president now directly owns 50,348 shares in the company, valued at approximately $4,739,760.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bruce Christopher Kirchhoff also recently made the following trade(s):

  • On Monday, June 10th, Bruce Christopher Kirchhoff sold 9,471 shares of Royal Gold stock. The shares were sold at an average price of $93.18, for a total value of $882,507.78.

RGLD opened at $92.30 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13. Royal Gold, Inc has a 12 month low of $70.16 and a 12 month high of $98.53. The firm has a market capitalization of $6.05 billion, a P/E ratio of 52.44, a PEG ratio of 6.18 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The firm had revenue of $109.80 million during the quarter, compared to the consensus estimate of $115.32 million. During the same quarter in the prior year, the company earned $0.48 EPS. Royal Gold’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Gold, Inc will post 1.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, July 3rd. Royal Gold’s dividend payout ratio is currently 60.23%.

RGLD has been the topic of a number of analyst reports. TD Securities increased their price target on Royal Gold from $92.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, February 11th. BMO Capital Markets cut shares of Royal Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. BidaskClub cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. B. Riley upgraded shares of 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 report on Monday, April 1st. Finally, Desjardins cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. One investment 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 an average rating of “Hold” and an average price target of $95.95.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in Royal Gold by 19.3% during the 4th quarter. Amalgamated Bank now owns 13,791 shares of the basic materials company’s stock worth $1,181,000 after purchasing an additional 2,234 shares in the last quarter. OLD Mission Capital LLC bought a new position in Royal Gold during the 4th quarter worth about $246,000. Texas Permanent School Fund increased its holdings in Royal Gold by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 42,868 shares of the basic materials company’s stock worth $3,672,000 after purchasing an additional 1,652 shares in the last quarter. Cordasco Financial Network increased its holdings in Royal Gold by 72.4% during the 1st quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Royal Gold by 3.8% during the 1st quarter. State of Alaska Department of Revenue now owns 42,296 shares of the basic materials company’s stock worth $3,844,000 after purchasing an additional 1,532 shares in the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

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Royal Gold Company Profile

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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