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 - Free Report) TSE: RGL by 12,032.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,685 shares of the basic materials company's stock after purchasing an additional 182,171 shares during the quarter. International Assets Investment Management LLC owned 0.28% of Royal Gold worth $22,219,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its position in shares of Royal Gold by 1.3% during the third quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company's stock worth $455,165,000 after buying an additional 54,449 shares during the period. State Street Corp lifted its stake in Royal Gold by 66.2% in the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company's stock valued at $588,192,000 after acquiring an additional 1,654,360 shares in the last quarter. Norges Bank acquired a new position in Royal Gold during the 4th quarter worth approximately $239,552,000. Geode Capital Management LLC grew its stake in shares of Royal Gold by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 975,099 shares of the basic materials company's stock worth $126,480,000 after acquiring an additional 31,632 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Royal Gold by 0.5% during the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company's stock worth $74,339,000 after acquiring an additional 3,541 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Royal Gold stock traded down $0.25 during midday trading on Thursday, reaching $122.74. 348,034 shares of the company's stock were exchanged, compared to its average volume of 415,485. The stock's 50-day simple moving average is $112.64 and its 200 day simple moving average is $113.66. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 2.49 and a beta of 0.87. 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 52 week low of $100.55 and a 52 week high of $147.82.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same period in the previous year, the company posted $0.91 EPS. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts expect that Royal Gold, Inc. will post 4.17 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 4th. Royal Gold's dividend payout ratio is presently 43.96%.

Analysts Set New Price Targets

RGLD has been the subject of several recent research reports. 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 initiated coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a "hold" rating and a $117.00 price objective for the company. BMO Capital Markets raised Royal Gold from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $148.00 to $158.00 in a research report on Wednesday, March 27th. Finally, National Bank Financial upgraded Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Hold" and an average target price of $145.67.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares of the company's stock, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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.