Rep. Jefferson Shreve Sells Off Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Royal Gold, Inc. NASDAQ: RGLD. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Royal Gold stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Royal Gold Trading Down 0.4%

RGLD stock traded down $0.58 during mid-day trading on Friday, reaching $154.99. The company's stock had a trading volume of 651,399 shares, compared to its average volume of 920,978. The stock has a market cap of $10.20 billion, a PE ratio of 25.66, a P/E/G ratio of 1.10 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $125.68 and a fifty-two week high of $191.78. The company's 50 day moving average is $172.93 and its two-hundred day moving average is $163.28.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. The company had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Royal Gold's payout ratio is 29.80%.

Hedge Funds Weigh In On Royal Gold

A number of hedge funds have recently made changes to their positions in the stock. PFG Investments LLC boosted its position in Royal Gold by 0.9% in the 1st quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company's stock valued at $971,000 after buying an additional 54 shares during the period. BCS Wealth Management boosted its position in Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after buying an additional 63 shares during the period. NorthRock Partners LLC boosted its position in Royal Gold by 4.5% in the 1st quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company's stock valued at $259,000 after buying an additional 68 shares during the period. Blue Trust Inc. boosted its position in Royal Gold by 56.8% in the 2nd quarter. Blue Trust Inc. now owns 196 shares of the basic materials company's stock valued at $35,000 after buying an additional 71 shares during the period. Finally, Signaturefd LLC boosted its position in Royal Gold by 7.5% in the 2nd quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company's stock valued at $189,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $192.13.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.