Royal Gold Inc. (NASDAQ:RGLD) saw an upside of 0.15% to close Friday at $106.99 after adding $0.16 on the day. The 5-day average trading volume is 360,340 shares of the company’s common stock. It has gained $113.27 in the past week and touched a new high 1 time within the past 5 days. An average of 436,650 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 449,722.
RGLD’s 1-month performance is -11.24% or -$14.81 on its low of $106.33 reached on 08/18/23. The company’s shares have touched a 52-week low of $84.54 and high of $147.82, with the stock’s rally to the 52-week high happening on 05/04/23. YTD, RGLD has lost -5.08% or -$5.73 and has reached a new high 14 times. However, the current price is down -27.62% from the 52-week high price.
Insider Transactions
RGLD stock investors last saw insider trading activity on May 08.Isto Mark (EVP & COO of Royal Gold Corp) most recently sold 9,660 shares at $141.89 per share on May 08. This transaction cost the insider $1,370,657. Director, Hayes William M., sold 2,140 shares at a price of $142.50 on May 08. Then, on May 08, VP Corp Dev of RGLD Gold AG Breeze Daniel sold 2,095 shares at a price of $141.92 per share. This transaction amounted to $297,322.
Valuation Metrics
RGLD stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.53 while the price-to-book (PB) in the most recent quarter is 2.49.
Royal Gold Inc.’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 2.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 83.00%. The trailing 12-month EBITDA margin is 77.41% while for the period ending June 29, Royal Gold Inc.’s operating margin was 48.10%. 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 June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -12.12% to $63.45 million, while revenue of $63.88 million was -0.68% off the previous quarter. Analysts expected RGLD to announce $0.88 per share in earnings in its latest quarter, but it posted $0.88, representing a 0.00% surprise. EBITDA for the quarter stood at more than $110.31 million. RGLD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 603.82 million, with total debt at $404.61 million. Shareholders hold equity totaling $65.69 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 18 August was 21.84% to suggest the stock is trending oversold, with historical volatility in this time period at 17.36%.
The stock’s 5-day moving average is $108.86, reflecting a -5.96% or -$6.78 change from its current price. RGLD is currently trading -12.27% above its 20-day SMA, -15.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.26% and SMA200 by+12.67%.
Stochastic %K and %D was 3.10% and 4.28% and the average true range (ATR) pointed at 2.18. The RSI (14) points at 28.27%, while the 14-day stochastic is at 5.53% with the period’s ATR at 2.32. The stock’s 9-day MACD Oscillator is pointing at -3.53 and -4.55 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Royal Gold Inc. (NASDAQ: RGLD), Cantor Fitzgerald upgraded it to a Buy rating. They previously had a Hold rating on the stock.
