A $10.2 billion precious metals streaming company known for its robust 86% gross profit margin, recently saw a stock sale by a senior executive. According to a Securities and Exchange Commission (SEC) filing, Breeze Daniel, the company’s Senior Vice President of Corporate Development, sold 705 shares of Royal Gold common stock on March 11 at a price of $154 per share, totaling $108,570. Following the transaction, Daniel retains 20,379 shares in the company.
The sale comes as Royal Gold’s stock trades near its 52-week high, with analysts setting price targets between $138 and $188. Financial analysis by InvestingPro highlights the company’s strong fundamentals, including a 26-year history of consistent dividend payments, earning it a “GREAT” overall rating.
Strong Earnings and Strategic Moves
In its fourth-quarter 2024 financial results, Royal Gold reported earnings per share (EPS) of $1.63, surpassing analyst expectations of $1.51. The company generated $202.56 million in revenue, slightly below the forecasted $206.01 million. However, it marked a record year, with revenue rising 19% to $719 million and net income increasing 39% to $332 million.
The company also declared a quarterly dividend of $0.45 per share, scheduled for payment in April 2025. In leadership changes, board member Kevin McArthur announced his resignation to assume the role of chairman at First Quantum Minerals Ltd. (TSX: FM).
Meanwhile, investment firm Raymond James (NSE: RYMD) maintained an “Outperform” rating on Royal Gold, adjusting its price target to $188. Analysts cite the company’s strong asset portfolio and business model as key factors in its growth potential. These developments reflect Royal Gold’s ongoing efforts to enhance shareholder value and operational efficiency.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Qilu Bank Enhances Support for Small Businesses with Innovative Financial Tools
- Bitcoin Poised for a Surge Amid Gold’s Delivery Delays, Expert Claims
