William M. Hayes Sells 18,369 Shares of Royal Gold, Inc (NASDAQ:RGLD) Stock

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Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) Director William M. Hayes sold 18,369 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $125.00, for a total transaction of $2,296,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ RGLD traded down $0.94 during mid-day trading on Wednesday, reaching $123.66. 508,896 shares of the stock were exchanged, compared to its average volume of 457,229. Royal Gold, Inc has a 1-year low of $70.16 and a 1-year high of $131.28. The firm’s fifty day simple moving average is $114.00. The firm has a market capitalization of $8.38 billion, a PE ratio of 85.28, a PEG ratio of 5.69 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.60 and a quick ratio of 4.26.

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.265 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 0.86%. Royal Gold’s dividend payout ratio (DPR) is currently 73.10%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its position in Royal Gold by 375.0% during the second quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 375 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Royal Gold during the second quarter worth approximately $64,000. Quadrant Capital Group LLC boosted its position in Royal Gold by 762.8% during the first quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 717 shares during the last quarter. Versant Capital Management Inc boosted its position in Royal Gold by 18.6% during the first quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 133 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in Royal Gold by 375.7% during the second quarter. Sandy Spring Bank now owns 1,037 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.

Several analysts have recently commented on RGLD shares. B. Riley increased their price target on shares of Royal Gold from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Raymond James increased their price target on shares of Royal Gold from $107.00 to $111.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Royal Bank of Canada reiterated a “hold” rating on shares of Royal Gold in a research report on Sunday. BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, TD Securities increased their price target on shares of Royal Gold from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $110.94.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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