Royal GoldRGLD
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 Q3 regulatory filings by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $154M | Put options by funds: $109M
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
33% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 49
11% more capital invested
Capital invested by funds: $7B [Q2] → $7.79B (+$785M) [Q3]
4% more funds holding
Funds holding: 452 [Q2] → 468 (+16) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 153
0.99% less ownership
Funds ownership: 85.12% [Q2] → 84.13% (-0.99%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Raymond James Brian MacArthur 14% 1-year accuracy 2 / 14 met price target | 38%upside $186 | Outperform Maintained | 11 Nov 2024 |
Jefferies Matthew Murphy 29% 1-year accuracy 2 / 7 met price target | 14%upside $154 | Hold Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 4 articles about RGLD published over the past 30 days
