Bruce Christopher Kirchhoff Sells 1,417 Shares of Royal Gold, Inc (NASDAQ:RGLD) Stock

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) VP Bruce Christopher Kirchhoff sold 1,417 shares of Royal Gold stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $127.16, for a total value of $180,185.72. Following the completion of the transaction, the vice president now owns 48,826 shares in the company, valued at approximately $6,208,714.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bruce Christopher Kirchhoff also recently made the following trade(s):

  • On Friday, June 7th, Bruce Christopher Kirchhoff sold 5,265 shares of Royal Gold stock. The shares were sold at an average price of $94.14, for a total value of $495,647.10.
  • On Monday, June 10th, Bruce Christopher Kirchhoff sold 9,471 shares of Royal Gold stock. The shares were sold at an average price of $93.18, for a total value of $882,507.78.

Shares of RGLD stock traded up $2.50 during mid-day trading on Tuesday, reaching $128.02. 14,156 shares of the stock traded hands, compared to its average volume of 631,753. The stock’s fifty day simple moving average is $116.28 and its two-hundred day simple moving average is $96.43. Royal Gold, Inc has a 1-year low of $70.16 and a 1-year high of $131.28. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 88.07, a price-to-earnings-growth ratio of 5.08 and a beta of 0.21. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, October 3rd. Royal Gold’s payout ratio is 73.10%.

Hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co grew its holdings 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 buying an additional 375 shares in the last quarter. WealthStone Inc. purchased a new position in Royal Gold in the second quarter worth $63,000. NumerixS Investment Technologies Inc purchased a new position in Royal Gold in the second quarter worth $64,000. Quadrant Capital Group LLC boosted its position in Royal Gold by 762.8% in the first quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 717 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Royal Gold by 18.6% in the first quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 133 shares during the last quarter. 78.45% of the stock is currently owned by hedge funds and other institutional investors.

RGLD has been the topic of a number of recent analyst reports. TD Securities lifted their target price on Royal Gold from $110.00 to $130.00 and gave the company a “hold” 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, August 11th. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, June 3rd. Raymond James lifted their target price on Royal Gold from $107.00 to $111.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Royal Gold has an average rating of “Hold” and an average target price of $110.94.

Royal Gold Company Profile

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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Insider Buying and Selling by Quarter for Royal Gold (NASDAQ:RGLD)

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