International Assets Investment Management LLC Has $11.88 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

International Assets Investment Management LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 13,968.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,694 shares of the basic materials company's stock after purchasing an additional 84,092 shares during the quarter. International Assets Investment Management LLC owned 0.13% of Royal Gold worth $11,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RGLD. Private Advisor Group LLC boosted its stake in shares of Royal Gold by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company's stock worth $712,000 after acquiring an additional 141 shares in the last quarter. UMB Bank n.a. increased its stake in Royal Gold by 15.4% in the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company's stock worth $161,000 after purchasing an additional 153 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Royal Gold by 6.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company's stock worth $324,000 after buying an additional 154 shares during the period. Creative Planning lifted its stake in Royal Gold by 1.9% during the second quarter. Creative Planning now owns 8,190 shares of the basic materials company's stock valued at $1,025,000 after buying an additional 155 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Royal Gold by 1.8% in the second quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company's stock worth $1,221,000 after buying an additional 169 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

In other news, Director Ronald J. Vance sold 1,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares of the company's stock, valued at approximately $1,042,503.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 over the last 90 days. Insiders own 0.52% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RGLD shares. Jefferies Financial Group boosted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a report on Friday, October 4th. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. Cibc World Mkts raised Royal Gold to a "hold" rating in a research report on Wednesday, July 10th. BMO Capital Markets upped their price target on Royal Gold from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, July 10th. Finally, Raymond James raised their price objective on Royal Gold from $167.00 to $170.00 and gave the stock an "outperformer" rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Royal Gold presently has an average rating of "Hold" and an average price target of $158.86.

Royal Gold Price Performance

NASDAQ:RGLD traded down $5.04 during mid-day trading on Thursday, reaching $146.06. The stock had a trading volume of 392,514 shares, compared to its average volume of 366,219. The stock has a market cap of $9.60 billion, a P/E ratio of 40.00, a PEG ratio of 1.24 and a beta of 0.90. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The business's 50 day moving average is $142.77 and its 200 day moving average is $133.73.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. During the same period in the prior year, the business posted $0.88 earnings per share. The business's quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts expect that Royal Gold, Inc. will post 4.99 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. Royal Gold's payout ratio is currently 43.84%.

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.