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INTERNATIONAL ROYALTY CORPORATION is a global mineral royalty company. IRC holds over eighty royalties including an effective 2.7% NSR on the Voisey's Bay mine, a sliding-scale NSR on the Pascua gold project, and a 1.5% NSR on more than three million acres of gold lands in Western Australia. IRC is senior listed on the Toronto Stock Exchange as well as the American Stock Exchange.
I'm buying ROY right… More
| Price | 0.00 |
| Price Change Today | 0.00 (0.00%) |
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| Open Price | $0.00 |
| Previous Close | $0.00 |
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| Volume | 0 |
INTERNATIONAL ROYALTY CORPORATION is a global mineral royalty company. IRC holds over eighty royalties including an effective 2.7% NSR on the Voisey's Bay mine, a sliding-scale NSR on the Pascua gold project, and a 1.5% NSR on more than three million acres of gold lands in Western Australia. IRC is senior listed on the Toronto Stock Exchange as well as the American Stock Exchange.
I'm buying ROY right now in my personal portfolio. The stock price is currently trading near it's 52-week low, and has been going down, down, down, since June. It has been hurt recently by the "dip" in the price of metals, but it is still one of my favorite long-term picks.
With over 80 royalties, plus exposure to nickel and gold, it's stock price should rise when commodities start to pick back up. The one thing I really like is the royalty business protects it from the high cost of running mines.
As with most commodity stocks, I expect to see some short-term volatility. However, this is a long-term buy and I will continue to average into this selection as long as the stock price is hovering around it's low.
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