William M. Hayes Sells 1,984 Shares of Royal Gold, Inc. (NASDAQ:RGLD) Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $139.80 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 32.06, a P/E/G ratio of 1.12 and a beta of 0.90. The stock has a fifty day moving average price of $143.91 and a 200-day moving average price of $135.39. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. As a group, equities analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

Hedge Funds Weigh In On Royal Gold

Several large investors have recently made changes to their positions in RGLD. DekaBank Deutsche Girozentrale increased its position in Royal Gold by 1,800.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after acquiring an additional 18,344 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Royal Gold by 36.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock worth $6,746,000 after acquiring an additional 14,675 shares during the period. Tidal Investments LLC boosted its stake in shares of Royal Gold by 165.0% in the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock worth $1,294,000 after acquiring an additional 6,616 shares during the period. Vanguard Group Inc. grew its position in shares of Royal Gold by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after purchasing an additional 21,407 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Royal Gold by 357.7% during the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after purchasing an additional 40,419 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. TD Securities raised their target price on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank upped their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, Raymond James upped their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus target price of $165.43.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.