Royal Gold, Inc. (NASDAQ:RGLD) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,300 shares of the basic materials company’s stock after buying an additional 1,931 shares during the quarter. Natixis Advisors LLC’s holdings in Royal Gold were worth $2,147,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Royal Gold in the third quarter worth approximately $49,000. Blue Trust Inc. raised its position in shares of Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 213 shares during the period. Mather Group LLC. acquired a new stake in shares of Royal Gold during the second quarter worth $62,000. 1832 Asset Management L.P. purchased a new stake in shares of Royal Gold during the second quarter valued at $65,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Royal Gold in the 2nd quarter valued at $75,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 0.5 %

NASDAQ:RGLD opened at $148.99 on Monday. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 1.19 and a beta of 0.90. The business’s 50-day moving average price is $145.01 and its two-hundred day moving average price is $136.60.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Sell-side analysts predict that Royal Gold, Inc. will post 5.13 earnings per share for the current year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio is presently 41.28%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. The trade was a 38.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at approximately $2,659,182.21. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,924 shares of company stock worth $1,271,449. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Scotiabank lifted their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. TD Securities raised their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James upped their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $165.43.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.