Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) VP Bruce Christopher Kirchhoff sold 5,265 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $94.14, for a total transaction of $495,647.10. Following the transaction, the vice president now owns 50,348 shares of the company’s stock, valued at approximately $4,739,760.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $882,507.78.
NASDAQ:RGLD opened at $93.65 on Thursday. Royal Gold, Inc has a 1 year low of $70.16 and a 1 year 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 $6.14 billion, a PE ratio of 53.21, a PEG ratio of 6.18 and a beta of 0.12.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $109.80 million during the quarter, compared to the consensus estimate of $115.32 million. Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, sell-side analysts anticipate that Royal Gold, Inc will post 1.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, July 3rd. Royal Gold’s dividend payout ratio is currently 60.23%.
A number of research analysts have recently issued reports on RGLD shares. Desjardins cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. TD Securities lifted their target price on shares of Royal Gold from $94.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, February 26th. ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. BMO Capital Markets cut shares of Royal Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Royal Gold has a consensus rating of “Hold” and an average price target of $95.95.
Institutional investors have recently modified their holdings of the stock. Cordasco Financial Network increased its holdings in shares of Royal Gold by 72.4% in the first quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 123 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Royal Gold in the first quarter valued at approximately $27,000. JOYN Advisors Inc. increased its holdings in shares of Royal Gold by 105.4% in the fourth quarter. JOYN Advisors Inc. now owns 341 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $51,000. Finally, Fifth Third Bancorp increased its holdings in shares of Royal Gold by 57.9% in the first quarter. Fifth Third Bancorp now owns 603 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 221 shares in the last quarter. 79.88% of the stock is owned by institutional investors and hedge funds.
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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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