Natixis Advisors LLC Buys 3,732 Shares of Royal Gold, Inc. $RGLD

Natixis Advisors LLC raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 26.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,595 shares of the basic materials company’s stock after purchasing an additional 3,732 shares during the quarter. Natixis Advisors LLC’s holdings in Royal Gold were worth $3,911,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after acquiring an additional 6,109 shares during the period. Louisbourg Investments Inc. bought a new position in Royal Gold during the 4th quarter valued at about $3,938,000. Prospera Financial Services Inc bought a new position in Royal Gold during the 3rd quarter valued at about $1,068,000. Plancorp LLC lifted its stake in Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after acquiring an additional 5,646 shares during the period. Finally, Bar Harbor Wealth Management bought a new position in Royal Gold in the fourth quarter valued at about $7,916,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 0.4%

RGLD stock opened at $204.79 on Wednesday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The business’s 50-day moving average is $240.26 and its two-hundred day moving average is $245.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.53 and a beta of 0.41.

Royal Gold Announces Dividend

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

Insider Activity

In other news, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RGLD. National Bank Financial lowered their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. UBS Group set a $325.00 target price on Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and an average price target 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.