Royal Gold (RGLD)

• Market cap: $11.2B
• 1 day: 1.09%
• 5 days: -2.89%
• 1 month: -8.21%
• 3 months: 14.78%
• 6 months: 16.99%
• Year to date: 27.20%
• 1 year: 32.01%
• 5 years: 27.45%
• 10 years: 155.24%
• 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

80% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2024] → 9 (+4) [Q1 2025]

71% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 63

49% more repeat investments, than reductions

Existing positions increased: 211 | Existing positions reduced: 142

24% more capital invested

Capital invested by funds: $7.47B [Q4 2024] → $9.28B (+$1.81B) [Q1 2025]

24% more call options, than puts

Call options by funds: $132M | Put options by funds: $107M

6% more funds holding

Funds holding: 510 [Q4 2024] → 542 (+32) [Q1 2025]

0.16% more ownership

Funds ownership: 86.13% [Q4 2024] → 86.3% (+0.16%) [Q1 2025]

Research analyst outlook

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

• Low target: $170 1% downside
• Avg. target: $194 13% upside
• High target: $215 26% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

CIBC Anita Soni 70% 1-year accuracy 7 / 10 met price target	26% upside $215	Neutral Maintained	8 May 2025
Scotiabank Tanya Jakusconek 64% 1-year accuracy 16 / 25 met price target	10% upside $189	Sector Outperform Upgraded	14 Apr 2025
Raymond James Brian MacArthur 59% 1-year accuracy 10 / 17 met price target	17% upside $200	Outperform Maintained	4 Apr 2025
RBC Capital Josh Wolfson 100% 1-year accuracy 9 / 9 met price target	1% downside $170	Outperform Maintained	4 Apr 2025