Natixis Advisors LLC Raises Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Key Points

• Natixis Advisors LLC increased its holdings in Royal Gold, Inc. by 17.5%, acquiring a total of 16,797 shares valued at approximately $2.746 million.
• Royal Gold recently reported earnings per share (EPS) of $1.81, exceeding analysts' expectations of $1.70, and showed a year-over-year revenue increase of 20.4%.
• The company's quarterly dividend of $0.45 reflects an annualized dividend yield of 1.1% and a payout ratio of 26.39%.

Natixis Advisors LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,797 shares of the basic materials company's stock after purchasing an additional 2,500 shares during the quarter. Natixis Advisors LLC's holdings in Royal Gold were worth $2,746,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RGLD. GAMMA Investing LLC grew its position in shares of Royal Gold by 17,722.4% during the 1st quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after buying an additional 454,934 shares in the last quarter. Select Equity Group L.P. bought a new position in Royal Gold during the 4th quarter worth about $55,825,000. Victory Capital Management Inc. increased its position in Royal Gold by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 415,179 shares of the basic materials company's stock valued at $67,886,000 after purchasing an additional 223,870 shares during the period. BLI Banque de Luxembourg Investments bought a new stake in shares of Royal Gold in the 4th quarter valued at about $27,536,000. Finally, Northern Trust Corp lifted its position in shares of Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Up 2.2%

Shares of NASDAQ:RGLD traded up $3.64 on Friday, hitting $168.97. 1,015,011 shares of the company were exchanged, compared to its average volume of 946,503. The firm has a market capitalization of $11.12 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40. Royal Gold, Inc. has a 1-year low of $127.82 and a 1-year high of $191.78. The stock's 50 day moving average price is $168.74 and its 200 day moving average price is $164.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.11. The company had revenue of $209.64 million during the quarter, compared to analysts' expectations of $186.63 million. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%. The firm's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were paid a $0.45 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Royal Gold's dividend payout ratio is presently 26.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. CIBC lifted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Canaccord Genuity Group increased their target price on Royal Gold from $202.00 to $203.00 in a research report on Wednesday, June 11th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. TD Securities lifted their target price on Royal Gold from $229.00 to $237.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Royal Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.63.

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.