This Insider Sold 750.0 Shares In Royal Gold Inc. (RGLD)

Royal Gold Inc. (NASDAQ:RGLD) saw a downside of -2.50% to close Monday at $117.46 after subtracting -$3.01 on the day. The 5-day average trading volume is 478,020 shares of the company’s common stock. It has gained $122.36 in the past week and touched a new high 3 times within the past 5 days. An average of 447,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 439,668.

RGLD’s 1-month performance is -8.17% or -$7.98 on its low of $115.61 reached on 02/24/23. The company’s shares have touched a 52-week low of $84.54 and high of $147.70, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, RGLD has achieved 4.21% or $4.74 and has reached a new high 6 times. However, the current price is down -20.47% from the 52-week high price.

Insider Transactions

RGLD stock investors last saw insider trading activity on Jan 04.Libner Paul (CFO & Treasurer) most recently sold 750 shares at $120.00 per share on Jan 04. This transaction cost the insider $90,000. CFO & Treasurer, Libner Paul, sold 250 shares at a price of $115.00 on Jan 03. Then, on Dec 01, CFO & Treasurer Libner Paul sold 500 shares at a price of $115.00 per share. This transaction amounted to $57,500.

Valuation Metrics

RGLD stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.81 while the price-to-book (PB) in the most recent quarter is 2.81.

Royal Gold Inc.’s quick ratio for the period ended December 30 was 2.70, with the current ratio over the same period at 2.90. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.21, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 83.10%. The firm’s gross profit as reported stood at $508.56 million against revenue of $603.21 million.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -24.48% to $56.38 million, while revenue of $45.79 million was 18.78% off the previous quarter. Analysts expected RGLD to announce $0.81 per share in earnings in its latest quarter, but it posted $0.91, representing a 12.30% surprise. EBITDA for the quarter stood at more than $122.65 million. RGLD stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 781.05 million, with total debt at $578.13 million. Shareholders hold equity totaling $65.64 million.

Let’s look briefly at Royal Gold Inc. (RGLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 06 March was 34.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.23%.

The stock’s 5-day moving average is $119.64, reflecting a -0.67% or -$0.79 change from its current price. RGLD is currently trading -5.65% above its 20-day SMA, +25.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.40% and SMA200 by+0.88%.

Stochastic %K and %D was 36.82% and 41.04% and the average true range (ATR) pointed at 2.83. The RSI (14) points at 39.56%, while the 14-day stochastic is at 17.34% with the period’s ATR at 2.92. The stock’s 9-day MACD Oscillator is pointing at 0.66 and -0.83 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for RGLD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RGLD as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.

What is RGLD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $119.00 and a high of $155.00, with their median price target at $141.00. Looking at these predictions, the average price target given by analysts is for Royal Gold Inc. (RGLD) stock is $141.62.

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