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Taking a Closer Look At Royal Gold, Inc. (RGLD) Following Its Recent Trade

Royal Gold, Inc.’s recent filing unveils that its SVP & CFO Libner Paul unloaded Company’s shares for reported $0.21 million on Aug 29 ’24. In the deal valued at $142.53 per share,1,500 shares were sold. As a result of this transaction, Libner Paul now holds 18,657 shares worth roughly $2.54 million.

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Then, PAUL K LIBNER bought 1,700 shares, generating $238,374 in total proceeds.

Before that, Shefman Randy sold 4,600 shares. Royal Gold, Inc. shares valued at $645,426 were divested by the SVP & General Counsel at a price of $140.31 per share. As a result of the transaction, Shefman Randy now holds 7,430 shares, worth roughly $1.01 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 jump 0.85% to $136.08. Over the last five days, the stock has gained 0.73%. Royal Gold, Inc. shares have risen nearly 12.50% since the year began. Nevertheless, the stocks have risen 24.95% over the past one year. While a 52-week high of $142.77 was reached on 08/29/24, a 52-week low of $100.55 was recorded on 02/28/24. SMA at 50 days reached $135.36, while 200 days put it at $123.25.

Levels Of Support And Resistance For RGLD Stock

The 24-hour chart illustrates a support level at 134.73, which if violated will result in even more drops to 133.39. On the upside, there is a resistance level at 136.87. A further resistance level may holdings at 137.67. The Relative Strength Index (RSI) on the 14-day chart is 49.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.13%. Stochastics %K at 13.78% indicates the stock is a buying.

How much short interest is there in Royal Gold, Inc.?

A steep rise in short interest was recorded in Royal Gold, Inc. stocks on 2024-08-15, growing by 62059.0 shares to a total of 2.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.36 million shares. There was a rise of 2.56%, which implies that there is a positive sentiment for the stock.

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