Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Royal Gold, Inc shares valued at $548,428 were sold by Heissenbuttel William Holmes on Nov 13 ’24. At $141.20 per share, Heissenbuttel William Holmes sold 3,884 shares. The insider’s holdings dropped to 109,706 shares worth approximately $15.98 million following the completion of this transaction.
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Also, WILLIAM HEISSENBUTTEL purchased 6,884 shares, netting a total of over 972,847 in proceeds.
Before that, Hayes William M. had sold 1,984 shares from its account. In a trade valued at $291,747, the Director traded Royal Gold, Inc shares for $147.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,984 shares, worth approximately $1.35 million.
As published in a research note from BMO Capital Markets on March 27, 2024, Royal Gold, Inc [RGLD] has been rated up from a Market perform to an Outperform and the price target has been revised to $158 from $148. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in late February. As of February 15, 2024, National Bank Financial has increased its “Sector perform” rating to a “an Outperform” for RGLD. Earlier on February 15, 2024, Cantor Fitzgerald downgraded its rating. Their new recommendation was “a Neutral” for RGLD stock which previously was a “an Overweight”.
Analyzing RGLD Stock Performance
During the last five days, there has been a drop of approximately -1.97%. Over the course of the year, Royal Gold, Inc shares have jumped approximately 20.43%. Shares of the company reached a 52-week high of $155.10 on 10/21/24 and a 52-week low of $100.55 on 02/28/24. A 50-day SMA is recorded $145.33, while a 200-day SMA reached $130.70. Nevertheless, trading volume fell to 0.42 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Royal Gold, Inc (RGLD)
According to the 24-hour chart, there is a support level at 144.35, which, if violated, would cause prices to drop to 143.02. In the upper region, resistance lies at 147.66. The next price resistance is at 149.64. RSI (Relative Strength Index) is 49.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 35.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
