Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,297 shares of the basic materials company’s stock after selling 1,003 shares during the quarter. Natixis Advisors LLC’s holdings in Royal Gold were worth $1,885,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the fourth quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Royal Gold in the 3rd quarter valued at about $36,000. Advisors Asset Management Inc. purchased a new position in shares of Royal Gold in the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. raised its holdings in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold during the fourth quarter worth approximately $42,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $157.17 on Tuesday. Royal Gold, Inc. has a 1 year low of $110.01 and a 1 year high of $159.23. The firm has a market capitalization of $10.34 billion, a PE ratio of 31.18, a P/E/G ratio of 3.42 and a beta of 0.84. The business’s 50 day moving average price is $146.79 and its 200-day moving average price is $144.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus target price of $168.86.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.