Royal Gold (NASDAQ:RGLD) Sets New 52-Week High – What’s Next?

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) reached a new 52-week high during trading on Tuesday . The company traded as high as $158.94 and last traded at $157.39, with a volume of 35459 shares. The stock had previously closed at $155.09.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.86.

Royal Gold Stock Performance

The stock has a 50 day moving average of $144.71 and a 200-day moving average of $143.45. The firm has a market capitalization of $10.21 billion, a P/E ratio of 30.87, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, April 4th. Royal Gold’s payout ratio is presently 35.71%.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Institutional Trading of Royal Gold

A number of hedge funds have recently bought and sold shares of RGLD. Janney Montgomery Scott LLC lifted its position in Royal Gold by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock worth $748,000 after buying an additional 122 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Royal Gold by 57.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,961 shares of the basic materials company’s stock worth $415,000 after buying an additional 1,080 shares during the last quarter. Victory Capital Management Inc. lifted its position in Royal Gold by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after buying an additional 1,636 shares during the last quarter. Natixis Advisors LLC lifted its position in Royal Gold by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company’s stock worth $2,147,000 after buying an additional 1,931 shares during the last quarter. Finally, Claro Advisors LLC bought a new stake in Royal Gold in the 3rd quarter worth approximately $229,000. Institutional investors own 83.65% of the company’s stock.

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.