Royal Gold, Inc.’s filing revealed 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 $1.5 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.
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 jump 0.07% to $124.00. Over the last five days, the stock has gained 3.22%. Royal Gold, Inc. shares have risen nearly 2.51% since the year began. Nevertheless, the stocks have fallen -12.43% over the past one year. While a 52-week high of $143.89 was reached on 04/08/24, a 52-week low of $100.55 was recorded on 02/28/24. SMA at 50 days reached $116.98, while 200 days put it at $114.03. A total of 0.37 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For RGLD Stock
The 24-hour chart illustrates a support level at 123.31, which if violated will result in even more drops to 122.61. On the upside, there is a resistance level at 124.74. A further resistance level may holdings at 125.47. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.11%. Stochastics %K at 72.40% indicates the stock is a holding.
