Insider Selling: Royal Gold (NASDAQ:RGLD) SVP Sells $107,925.00 in Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Randy Shefman also recently made the following trade(s):

• On Monday, May 11th, Randy Shefman sold 1,000 shares of Royal Gold stock. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00.

Royal Gold Price Performance

NASDAQ RGLD opened at $214.82 on Friday. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $18.23 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.41. The company has a 50 day moving average price of $233.76 and a two-hundred day moving average price of $246.24. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RGLD shares. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

Hedge Funds Weigh In On Royal Gold

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Royal Gold by 36.9% in the first quarter. Pacer Advisors Inc. now owns 13,267 shares of the basic materials company’s stock worth $3,376,000 after buying an additional 3,574 shares during the last quarter. PVG Asset Management Corp bought a new stake in shares of Royal Gold during the 1st quarter worth $1,272,000. Parallel Advisors LLC grew its stake in Royal Gold by 8.5% in the 1st quarter. Parallel Advisors LLC now owns 2,951 shares of the basic materials company’s stock valued at $751,000 after buying an additional 232 shares during the last quarter. NewEdge Advisors LLC grew its stake in Royal Gold by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,572 shares of the basic materials company’s stock valued at $5,999,000 after buying an additional 721 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in Royal Gold in the 1st quarter valued at $215,000. Institutional investors own 83.65% of the company’s stock.

About Royal Gold

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.