William Holmes Heissenbuttel, President and CEO of Royal Gold Inc. (NASDAQ:RGLD), a company known for its impressive 85.8% gross profit margins and consistent dividend payments for 26 consecutive years, recently sold 1,500 shares of the company's common stock. The shares were sold at an average price of $136.45, amounting to a total transaction value of $204,674. This sale was conducted under a pre-established trading plan, as per Rule 10b5-1(c) of the Securities Exchange Act of 1934, which Heissenbuttel adopted on August 12, 2024. Following the transaction, Heissenbuttel retains ownership of 106,706 shares of Royal Gold. According to InvestingPro analysis, Royal Gold currently trades near its Fair Value, with the stock showing characteristically low price volatility. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Royal Gold, along with detailed financial metrics and expert analysis.
In other recent news, Royal Gold, Inc. reported a robust Q4 with approximately 46,900 gold equivalent ounces sold, including about 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tonnes of copper. The company also disclosed updates on its mineral reserves and resources, providing details about the mineral resources and reserves at properties where it holds stream or royalty interests. Additionally, Royal Gold announced significant internal changes, including the extension of employment agreements for key officers and amendments to its bylaws.
In terms of financial performance, Royal Gold reported record-breaking revenue results for the third quarter of 2024, with revenues reaching $194 million, a 40% increase from the previous year. The company also bolstered its financial position by eliminating any remaining debt and maintaining liquidity of over $1.1 billion.
Royal Gold has also announced an increase in its annual common stock dividend by 12.5%, from $1.60 to $1.8 per share. These developments underline Royal Gold's commitment to business development and maintaining disciplined due diligence standards, while remaining optimistic about future deals, particularly in the Americas and Australia.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.