Royal Gold, Inc
In the published model solve dated 2026-Q2, anchored at $215.56, Royal Gold, Inc (RGLD) is priced for +15.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
Royal Gold is a gold royalty and streaming company, not a miner, which is why it earns a 62 percent operating margin: it collects a cut of production without funding the mining costs. At $214.83, the price is supported by relative-multiple and growth-DCF value while the asset and earnings methods say expensive. The results are at a cyclical high. First-quarter 2026 revenue surged 143 percent to a record $469.1 million and net income rose to $281.1 million, driven by high gold prices and recent
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778 institutional managers reported holding RGLD in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 51%. 113 opened new positions that quarter. Held by Capital Group (American Funds), BlackRock, Vanguard Group, among others. On the short side, 2.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RGLD's share count grew 29.2% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting), raised 16 years straight; the current rate is $1.82 a share annually. Cash returned over the past three years: $313.24M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at RGLD over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RGLD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +0.2% | -7.8% |
| 2023-11-03 | +5.8% | +6.9% |
| 2024-02-16 | +1.1% | +12.9% |
| 2024-05-10 | +3.2% | +7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RGLD's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-07-21 (items 2.02, 9.01); 2026-05-26 (items 5.07); 2026-05-06 (items 2.02, 9.01); 2026-03-31 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.