Royal GoldRGLD
Market Cap: $9.26B
About: Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
Employees: 30
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
46% more call options, than puts
Call options by funds: $134M | Put options by funds: $91.4M
31% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 45
3% more funds holding
Funds holding: 435 [Q1] → 449 (+14) [Q2]
4% more capital invested
Capital invested by funds: $6.67B [Q1] → $6.94B (+$267M) [Q2]
0.71% more ownership
Funds ownership: 83.57% [Q1] → 84.28% (+0.71%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 155
40% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Scotiabank Tanya Jakusconek 94% 1-year accuracy 17 / 18 met price target | 12%upside $157 | Sector Perform Maintained | 19 Aug 2024 |
Raymond James Brian MacArthur 57% 1-year accuracy 4 / 7 met price target | 21%upside $170 | Outperformer Maintained | 9 Aug 2024 |
Jefferies Matthew Murphy 67% 1-year accuracy 4 / 6 met price target | 0%upside $141 | Hold Maintained | 12 Jul 2024 |
CIBC Anita Soni 100% 1-year accuracy 6 / 6 met price target | 24%upside $175 | Neutral Maintained | 10 Jul 2024 |
BMO Capital Jackie Przybylowski 100% 1-year accuracy 18 / 18 met price target | 21%upside $170 | Outperform Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 8 articles about RGLD published over the past 30 days