Royal Gold (NASDAQ:RGLD) has climbed 1.42% in the past week and advanced 19.91% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.64% and the outperformance has advanced to 18.82% for the last 4 weeks period.
Royal Gold (NASDAQ:RGLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.39 and $65.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.49, notching a gain of 1.05% for the day. The total traded volume was 3,364,917 . The stock had closed at $65.80 on the previous day.
The company shares have rallied 4.68% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $69.36 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $59.80 and the 200 Day Moving Average price is recorded at $46.92.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP Corp Dev & Ops) of Royal Gold Inc, Heissenbuttel William Holmes had sold 1,250 shares worth of $72,050 in a transaction dated May 13, 2016. In this transaction, 1,250 shares were sold at $57.64 per share.
Many analysts have stated their opinion on the company shares. Raymond James downgrades its view on Royal Gold (NASDAQ:RGLD) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on March 14, 2016. Currently the company Insiders own 1.14% of Royal Gold shares according to the proxy statements. Institutional Investors own 69.28% of Royal Gold shares.
Royal Gold, Inc. (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30, 2015, the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties, 22 development-stage properties and 135 exploration-stage properties. The Companys principal producing properties include Andacollo, Cortez, Holt, Mount Milligan, Mulatos, Penasquito, Robinson Mine, Voiseys Bay, and Wassa, Bogoso and Prestea. The Companys principal development-stage properties include Pascua-Lama project and Phoenix Gold.