Royal Gold (NASDAQ:RGLD) Director William Hayes Sells 4,173 Shares

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director William Hayes sold 4,173 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. The trade was a 40.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Royal Gold Stock Performance

NASDAQ RGLD opened at $285.21 on Tuesday. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a fifty-two week low of $142.95 and a fifty-two week high of $306.25. The business has a fifty day moving average of $258.04 and a 200-day moving average of $212.91. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The company had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. As a group, analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the 4th quarter valued at $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold during the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold in the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. TD Cowen increased their price target on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Raymond James Financial set a $264.00 target price on Royal Gold in a research note on Thursday, November 6th. Finally, Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $251.50.

Royal Gold Company Profile

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.