Natixis Advisors LLC Boosts Position in Royal Gold, Inc. $RGLD

Natixis Advisors LLC grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,595 shares of the basic materials company’s stock after buying an additional 3,732 shares during the period. Natixis Advisors LLC’s holdings in Royal Gold were worth $3,911,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Capital World Investors grew its stake in Royal Gold by 1.0% in the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock worth $1,816,267,000 after purchasing an additional 93,282 shares during the period. Vanguard Group Inc. grew its stake in Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp grew its stake in Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after purchasing an additional 2,547,076 shares during the period. State Street Corp grew its stake in Royal Gold by 5.4% in the third quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after purchasing an additional 170,430 shares during the period. Finally, Geode Capital Management LLC grew its stake in Royal Gold by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock worth $434,063,000 after purchasing an additional 78,344 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Down 0.4%

Royal Gold stock opened at $204.79 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $240.26 and its two-hundred day simple moving average is $245.38. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s payout ratio is 22.65%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RGLD. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.