Have Insiders Sold Royal Gold Shares Recently?
We'd be surprised if Royal Gold, Inc. (NASDAQ:RGLD) shareholders haven't noticed that the Senior VP & General Counsel, Randy Shefman, recently sold US$131k worth of stock at US$263 per share. However, the silver lining is that the sale only reduced their total holding by 5.8%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At Royal Gold
In the last twelve months, the biggest single sale by an insider was when the Independent Chairman of the Board, William Hayes, sold US$1.2m worth of shares at a price of US$277 per share. So we know that an insider sold shares at around the present share price of US$265. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Royal Gold insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Royal Gold
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Royal Gold
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of Royal Gold shares, worth about US$61m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Royal Gold Insiders?
An insider sold Royal Gold shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Royal Gold is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Royal Gold.
But note: Royal Gold may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.