Director William M. Hayes executed an open-market sale of 4,173 shares of Royal Gold Inc. common stock on February 20, 2026, at a per-share price of $277.07, producing a total transaction value of $1.16 million.
Following that disposition, Hayes retains direct ownership of 6,129 Royal Gold shares.
Royal Gold's share price has climbed markedly over the previous 12 months, up 94% year-over-year, and at the time of the report the stock was trading at $287.08. Market commentary noted the shares are trading near a 52-week high of $306.25, and that there are an additional 16 ProTips available for those seeking deeper analysis of the company's outlook and financial position.
Separately, Royal Gold released its fourth-quarter 2025 financial results, which presented a mixed picture. The company reported earnings per share of $1.92 for the quarter, below the consensus analyst estimate of $2.65. Revenue for the period, however, exceeded expectations, coming in at $375.3 million versus the anticipated $361.38 million.
Investors and analysts have taken note of the divergence between the earnings shortfall and the positive revenue surprise. While the revenue beat provided a constructive element in the report, the EPS miss has been a focal point of subsequent discussions among analyst firms assessing the company's near-term performance.
As Royal Gold digests these results and investors process the director's sale against a backdrop of a nearly doubling share price over the past year, market participants remain attentive to additional updates from the company and commentary from analysts.
Summary
Director William M. Hayes sold 4,173 shares of Royal Gold on February 20, 2026, for $277.07 apiece, totaling $1.16 million; he now directly owns 6,129 shares. The company's stock has risen 94% over the past year and trades near a 52-week high of $306.25. Royal Gold's Q4 2025 results showed EPS of $1.92 versus a $2.65 estimate, while revenue was $375.3 million against a $361.38 million estimate.