Royal Gold (NASDAQ:RGLD) Shares Gap Down – Should You Sell?

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) gapped down prior to trading on Monday . The stock had previously closed at $148.99, but opened at $145.04. Royal Gold shares last traded at $146.33, with a volume of 5,929 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Scotiabank increased their price objective on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. TD Securities boosted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report 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 company a “hold” rating in a research report on Friday, October 4th. Finally, Raymond James raised their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $165.43.

Royal Gold Price Performance

The stock has a market cap of $9.57 billion, a PE ratio of 34.17, a PEG ratio of 1.19 and a beta of 0.90. The company’s fifty day moving average is $145.01 and its 200-day moving average is $136.60.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. The business had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. Analysts expect that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend 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 dividend yield of 1.24%. Royal Gold’s dividend payout ratio (DPR) is 36.70%.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The trade was a 38.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,924 shares of company stock worth $1,271,449 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

Several large investors have recently bought and sold shares of RGLD. O Shaughnessy Asset Management LLC grew its position in shares of Royal Gold by 85.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,568 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 1,641 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of Royal Gold in the 1st quarter worth $200,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Royal Gold by 224.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after acquiring an additional 422,026 shares during the period. Tidal Investments LLC boosted its position in shares of Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock valued at $1,294,000 after acquiring an additional 6,616 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of Royal Gold by 15.0% in the first quarter. Hancock Whitney Corp now owns 2,717 shares of the basic materials company’s stock valued at $331,000 after purchasing an additional 355 shares during the period. Hedge funds and other 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.