Natixis Advisors LLC Acquires Shares of 13,369 Royal Gold, Inc. (NASDAQ:RGLD)

Natixis Advisors LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,369 shares of the basic materials company’s stock, valued at approximately $1,673,000.

A number of other hedge funds also recently modified their holdings of RGLD. Barlow Wealth Partners Inc. raised its holdings in Royal Gold by 3.1% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 102,994 shares of the basic materials company’s stock valued at $14,148,000 after acquiring an additional 3,067 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Royal Gold by 6,618.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,814 shares of the basic materials company’s stock valued at $227,000 after purchasing an additional 1,787 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Royal Gold in the second quarter worth about $75,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Royal Gold by 8.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,373 shares of the basic materials company’s stock valued at $3,176,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Royal Gold by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,314 shares of the basic materials company’s stock valued at $2,167,000 after buying an additional 1,814 shares during the period. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RGLD shares. BMO Capital Markets raised their target price on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Bank of America increased their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research report on Wednesday, June 26th. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $157.00.

Royal Gold Stock Performance

Shares of RGLD opened at $136.08 on Wednesday. The stock has a market capitalization of $8.94 billion, a PE ratio of 40.14, a P/E/G ratio of 1.08 and a beta of 0.90. The company’s fifty day moving average is $135.73 and its 200 day moving average is $126.23. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $142.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, research analysts forecast that Royal Gold, Inc. will post 4.7 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Ronald J. Vance sold 1,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares of the company’s stock, valued at $1,203,845.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. The disclosure for this sale can be found here. Insiders sold a total of 7,515 shares of company stock valued at $1,049,834 in the last three months. Company insiders own 0.52% of the company’s stock.

About Royal Gold

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.