A Director at Royal Gold (RGLD) is Buying Shares


Today, a Director at Royal Gold (NASDAQ: RGLD), Sokalsky Jamie, bought shares of RGLD for $154.5K.

Following this transaction Sokalsky Jamie C’s holding in the company was increased by 27.78% to a total of $750K.

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Based on Royal Gold’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $116 million and quarterly net profit of $26.65 million. In comparison, last year the company earned revenue of $109 million and had a net profit of $20.02 million. Currently, Royal Gold has an average volume of 870.6K.

13 different firms, including BMO Capital and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $95.60, reflecting a -19.2% downside.

The insider sentiment on Royal Gold has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.

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