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Royal Gold Inc. (NASDAQ:RGLD), a $10.2 billion precious metals streaming company with impressive gross profit margins of 86%, saw its Senior Vice President of Corporate Development, Breeze Daniel, recently execute a sale of company stock, according to a recent SEC filing. On March 11, Breeze sold 705 shares of Royal Gold common stock at a price of $154 per share, totaling $108,570. Following the transaction, Breeze retains ownership of 20,379 shares in the company. This transaction was conducted directly by Breeze, as noted in the filing. The sale occurs as Royal Gold trades near its 52-week high, with analysts setting price targets ranging from $138 to $188. InvestingPro analysis reveals 12 additional key insights about Royal Gold’s financial health, which has earned a "GREAT" overall rating, including its 26-year track record of consistent dividend payments.
In other recent news, Royal Gold Inc. reported its fourth-quarter 2024 financial results, revealing earnings per share (EPS) of $1.63, surpassing the expected $1.51. The company achieved revenue of $202.56 million, slightly below the forecast of $206.01 million, yet it marked a record year with a 19% increase in revenue to $719 million and a 39% rise in net income to $332 million. Royal Gold also declared a quarterly dividend of $0.45 per share, set to be paid in April 2025. Additionally, the company announced the resignation of board member Kevin McArthur, who will assume the role of chairman at First Quantum Minerals Ltd (TSX:FM). Raymond (NSE:RYMD) James adjusted Royal Gold’s stock price target to $188, maintaining an Outperform rating, highlighting the company’s strong asset portfolio and business model. These developments are part of Royal Gold’s ongoing strategic initiatives to enhance shareholder value and operational efficiency.
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