Royal Gold, Inc.’s recently made public that its SVP & General Counsel Shefman Randy unloaded Company’s shares for reported $56500.0 on Mar 11 ’24. In the deal valued at $113.00 per share,500 shares were sold. As a result of this transaction, Shefman Randy now holds 12,127 shares worth roughly $1.46 million.
Then, Shefman Randy sold 500 shares, generating $52,090 in total proceeds. Upon selling the shares at $104.18, the VP & General Counsel now owns 9,473 shares.
Before that, Isto Mark sold 9,660 shares. Royal Gold, Inc. shares valued at $1,370,657 were divested by the EVP & COO of Royal Gold Corp at a price of $141.89 per share. As a result of the transaction, Isto Mark now holds 30,437 shares, worth roughly $3.66 million.
BMO Capital Markets upgraded its Royal Gold, Inc. [RGLD] rating to an Outperform from a a Market perform in a research note published on March 27, 2024; the price target was increased to $158 from $148. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late February with a ‘”a Hold”‘ rating. National Bank Financial also remained covering RGLD and has increased its forecast on February 15, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Cantor Fitzgerald revised its rating on February 15, 2024. It rated RGLD as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RGLD
On Tuesday, Royal Gold, Inc. [NASDAQ:RGLD] saw its stock fall -3.32% to $120.13. Over the last five days, the stock has lost -0.23%. Royal Gold, Inc. shares have fallen nearly -0.69% since the year began. Nevertheless, the stocks have fallen -9.29% over the past one year. While a 52-week high of $147.82 was reached on 04/08/24, a 52-week low of $100.55 was recorded on 02/28/24. SMA at 50 days reached $115.31, while 200 days put it at $114.00. A total of 0.57 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For RGLD Stock
The 24-hour chart illustrates a support level at 119.16, which if violated will result in even more drops to 118.18. On the upside, there is a resistance level at 122.00. A further resistance level may holdings at 123.86. The Relative Strength Index (RSI) on the 14-day chart is 49.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 70.90%. Stochastics %K at 64.95% indicates the stock is a holding.
