Royal Gold, Inc. (NASDAQ:RGLD) SVP Daniel Breeze Sells 549 Shares of Stock

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) SVP Daniel Breeze sold 549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Daniel Breeze also recently made the following trade(s):

• On Friday, September 13th, Daniel Breeze sold 840 shares of Royal Gold stock. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20.

Royal Gold Stock Down 0.1 %

Shares of NASDAQ:RGLD opened at $148.22 on Wednesday. The company has a market cap of $9.75 billion, a P/E ratio of 34.00, a PEG ratio of 1.06 and a beta of 0.89. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a 50-day moving average price of $145.98 and a 200 day moving average price of $138.02.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results 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. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. Analysts expect that Royal Gold, Inc. will post 5.14 EPS for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. Royal Gold’s dividend payout ratio (DPR) is 41.28%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in Royal Gold by 357.7% in the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after buying an additional 40,419 shares in the last quarter. Sei Investments Co. increased its holdings in Royal Gold by 75.8% in the second quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company’s stock valued at $8,174,000 after buying an additional 28,163 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Royal Gold in the third quarter valued at about $1,201,000. Bank of Montreal Can increased its stake in shares of Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after purchasing an additional 83,015 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock worth $4,527,000 after purchasing an additional 17,227 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RGLD. Scotiabank increased their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group increased their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, TD Securities raised their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has an average rating of “Hold” and a consensus target price of $165.43.

About Royal Gold

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.