International Assets Investment Management LLC Boosts Stake in Royal Gold, Inc. (NASDAQ:RGLD)

International Assets Investment Management LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12,032.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 183,685 shares of the basic materials company’s stock after buying an additional 182,171 shares during the period. International Assets Investment Management LLC’s holdings in Royal Gold were worth $22,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. Private Advisor Group LLC grew its holdings in Royal Gold by 3.1% in the third quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock valued at $408,000 after purchasing an additional 115 shares during the period. Hussman Strategic Advisors Inc. increased its holdings in Royal Gold by 0.4% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 30,600 shares of the basic materials company’s stock worth $3,254,000 after acquiring an additional 120 shares in the last quarter. Wellington Management Group LLP raised its position in Royal Gold by 0.3% during the third quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock worth $4,825,000 after acquiring an additional 125 shares during the period. Quent Capital LLC raised its position in Royal Gold by 35.0% during the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 144 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Royal Gold by 5.4% during the third quarter. Inspire Investing LLC now owns 2,895 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets reduced their target price on Royal Gold from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price target on the stock. Finally, Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.75.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $122.29 on Friday. The business’s 50 day moving average price is $116.55 and its 200 day moving average price is $115.42. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 6.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. On average, research analysts predict that Royal Gold, Inc. will post 4.36 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. Royal Gold’s dividend payout ratio is currently 43.96%.

Royal Gold 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.