Royal Gold, Inc (RGLD) CFO Stefan Wenger Sells 1,500 Shares

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Stefan Wenger also recently made the following trade(s):

  • On Wednesday, December 13th, Stefan Wenger sold 1,500 shares of Royal Gold stock. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00.
  • On Thursday, November 2nd, Stefan Wenger sold 1,500 shares of Royal Gold stock. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00.

Shares of Royal Gold, Inc (NASDAQ RGLD) opened at $85.77 on Friday. The firm has a market cap of $5,652.63, a PE ratio of 55.70, a PEG ratio of 4.90 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold, Inc has a 1 year low of $61.00 and a 1 year high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $112.50 million for the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. research analysts anticipate that Royal Gold, Inc will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be given a $0.25 dividend. The ex-dividend date is Thursday, January 4th. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio is currently 64.94%.

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Royal Gold in the 4th quarter worth about $1,067,000. Schwab Charles Investment Management Inc. grew its position in shares of Royal Gold by 4.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 245,240 shares of the basic materials company’s stock worth $20,140,000 after buying an additional 10,842 shares during the period. Nisa Investment Advisors LLC grew its position in Royal Gold by 3.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,200 shares of the basic materials company’s stock valued at $2,480,000 after purchasing an additional 1,000 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in Royal Gold during the 3rd quarter valued at about $289,000. Finally, California Public Employees Retirement System grew its position in Royal Gold by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 163,015 shares of the basic materials company’s stock valued at $14,026,000 after purchasing an additional 4,115 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on RGLD shares. Canaccord Genuity downgraded shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their price objective for the company from $109.00 to $99.00 in a research report on Thursday, December 28th. TD Securities started coverage on shares of Royal Gold in a research report on Friday, December 8th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub downgraded shares of Royal Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Finally, Bank of America reduced their price objective on shares of Royal Gold from $109.00 to $99.00 and set a “hold” rating on the stock in a research report on Thursday, December 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $94.63.

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About Royal Gold

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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