Royal Gold (RGLD)

• Market cap: $12.2B
• 1 day: -0.83%
• 5 days: 5.36%
• 1 month: 19.22%
• 3 months: 33.46%
• 6 months: 24.55%
• Year to date: 37.43%
• 1 year: 50.33%
• 5 years: 71.51%
• 10 years: 196.69%
• Sector: Materials
• Industry: Gold

About: Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for 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 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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

105% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 41

29% more repeat investments, than reductions

Existing positions increased: 189 | Existing positions reduced: 147

26% more call options, than puts

Call options by funds: $129M | Put options by funds: $103M

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

8% more funds holding

Funds holding: 471 [Q3] → 507 (+36) [Q4]

1.95% more ownership

Funds ownership: 84.18% [Q3] → 86.13% (+1.95%) [Q4]

4% less capital invested

Capital invested by funds: $7.79B [Q3] → $7.47B (-$326M) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $170 8% downside
• Avg. target: $186 1% upside
• High target: $200 8% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Scotiabank Tanya Jakusconek 92% 1-year accuracy 24 / 26 met price target	2% upside $189	Sector Outperform Upgraded	14 Apr 2025
Raymond James Brian MacArthur 72% 1-year accuracy 13 / 18 met price target	8% upside $200	Outperform Maintained	4 Apr 2025
RBC Capital Josh Wolfson 100% 1-year accuracy 10 / 10 met price target	8% downside $170	Outperform Maintained	4 Apr 2025