International Assets Investment Management LLC Purchases 182,171 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

International Assets Investment Management LLC lifted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12,032.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,685 shares of the basic materials company’s stock after acquiring an additional 182,171 shares during the period. International Assets Investment Management LLC owned 0.28% of Royal Gold worth $22,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RGLD. Nisa Investment Advisors LLC grew its position in shares of Royal Gold by 5.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,855 shares of the basic materials company’s stock worth $3,611,000 after buying an additional 1,600 shares during the period. Insight Inv LLC bought a new position in Royal Gold in the 4th quarter worth about $213,000. Quent Capital LLC grew its position in Royal Gold by 35.0% during the 4th quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 144 shares during the last quarter. Pacer Advisors Inc. increased its stake in Royal Gold by 127.4% during the 4th quarter. Pacer Advisors Inc. now owns 12,638 shares of the basic materials company’s stock valued at $1,529,000 after purchasing an additional 7,081 shares in the last quarter. Finally, Retirement Planning Group LLC purchased a new position in Royal Gold in the fourth quarter worth about $968,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $122.29 on Friday. The business’s fifty day moving average is $116.55 and its 200 day moving average is $115.42. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $147.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The company has a market capitalization of $8.04 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 6.95 and a beta of 0.88.

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

Royal Gold Dividend Announcement

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

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were 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 owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGLD. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. Jefferies Financial Group began coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. BMO Capital Markets lowered their price target on Royal Gold from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Royal Gold presently has a consensus rating of “Hold” and a consensus price target of $143.75.

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.