Randy Shefman Sells 500 Shares of Royal Gold (NASDAQ:RGLD) Stock

Key Points

• Royal Gold SVP Randy Shefman sold 500 shares at an average price of $262.80, generating $131,400 and reducing his direct holdings by 5.83% to 8,082 shares.
• Royal Gold shares fell 2.3% to $262.85 during Friday trading. The company recently reported quarterly revenue of $468.98 million, up 114.9% year over year, and earnings of $2.56 per share, slightly above estimates.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $285.10. Royal Gold also declared a quarterly dividend of $0.475 per share, representing a 0.7% annualized yield.

Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL SVP Randy Shefman sold 500 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares of the company's stock, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, June 16th, Randy Shefman sold 500 shares of Royal Gold stock. The stock was sold at an average price of $215.85, for a total value of $107,925.00.

Royal Gold Trading Down 2.3%

Shares of Royal Gold stock traded down $6.11 during trading hours on Friday, hitting $262.85. The company's stock had a trading volume of 677,294 shares, compared to its average volume of 886,266. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The stock has a 50 day moving average of $214.10 and a 200 day moving average of $236.55. The company has a market capitalization of $22.27 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business had revenue of $468.98 million for the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the previous year, the business posted $1.81 EPS. Royal Gold's revenue for the quarter was up 114.9% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold's payout ratio is presently 20.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RGLD shares. UBS Group increased their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group cut their price objective on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $310.00 target price on shares of Royal Gold in a research note on Tuesday, July 14th. Zacks Research cut Royal Gold from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. Finally, Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $285.10.

Hedge Funds Weigh In On Royal Gold

Several hedge funds have recently made changes to their positions in RGLD. Axiom Investment Management LLC acquired a new position in Royal Gold during the first quarter worth $25,000. Elyxium Wealth LLC bought a new stake in Royal Gold during the fourth quarter worth about $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC bought a new position in Royal Gold in the first quarter valued at approximately $32,000. Finally, Grove Bank & Trust grew its stake in Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

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.

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