Royal Gold, Inc.
 (RGLD)

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  • Thu, Jan. 7, 3:42 PM
    • Royal Gold (RGLD +5.2%) is on the rise after last night's news that its RGLD Gold subsidiary sold 61.5K oz. of gold at average cost of $1,094/oz. during its FQ2 ended Dec. 31, and that it held 27.5K oz. of gold in its inventory at the end of 2015.
    • RGLD says its average cost of sales for FQ2 was ~$370/stream oz.
    • RGLD also says sales from the stream segment contributed more than half of its total revenue in its FQ1 2016.
    | Thu, Jan. 7, 3:42 PM
  • Jul. 20, 2015, 3:41 PM
    • New Gold (NGD -11.1%) entered into a $175M streaming agreement with Royal Gold (RGLD -9.5%), which will provide the deposit to be used for ongoing development of NGD's Rainy River project, in exchange for a percentage of the future annual gold and silver production from the project.
    • NGD will deliver 6.5% of Rainy River's gold production up to a total of 230K oz. of gold, and 3.25% of the project's gold production thereafter.
    • Roth Capital reiterates its Buy rating and $3.25 price target on NGD, as the deal demonstrates NGD's commitment to moving forward with Rainy River despite a six month delay announced earlier this year.
    • The news is falling on deaf ears today, with gold equities drowning in a sea of red as the yellow metal drops below $1,100/oz.
    | Jul. 20, 2015, 3:41 PM | 3 Comments
  • Jul. 20, 2015, 10:39 AM
    | Jul. 20, 2015, 10:39 AM | 123 Comments
  • Jul. 17, 2015, 2:58 PM
    • Barrick Gold (ABX -4.9%) sinks to 24-year lows in Toronto trading, leading a rout among bullion miners as the yellow metal extends its selloff to five-year lows.
    • ABX is under particular pressure, as the fall in gold casts doubt on the company’s strategy of shedding assets to pay down its $12.9B debt, as it "becomes harder and harder to sell those assets at any kind of reasonable value if metal prices are unwinding," Macquarie analyst Ron Stewart says.
    • ABX reportedly is nearing a deal to sell its Zaldivar copper mine in Chile, and is looking for buyers for its 50% stake in its Kalgoorlie mine, among other properties.
    • NEM -2.6%, GG -5.7%, GFI -1.1%, KGC -5.2%, AEM -5.1%, NG -2.2%, AGI -6.6%, AU -5.7%, GOLD -2.5%, SBGL -4.2%, BTG -6.4%, IAG -7.6%, EGO -7.6%, HL -3.5%, NGD -8.4%, AUY -2.9%, RGLD -2.9%, FNV -3.6%, SLW -3.3%.
    • ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, SGDM, ASA, SLVP, RING, PSAU, TGLDX, GDXS, GDXX
    | Jul. 17, 2015, 2:58 PM | 111 Comments
  • Apr. 17, 2015, 2:57 PM
    • Thompson Creek Metals (TC -5.2%) reports Q1 concentrate production for its Mount Milligan mine in British Columbia totaled 30.3K dry tons, with 15.4M lbs. of payable copper and 46.1K oz. of payable gold which were respective 8% and 18% Y/Y increases.
    • TC says recent improvements at Mount Milligan should allow it to increase secondary crushing for the rest of 2015, and achieve throughput of ~60K tons/day by year's end.
    • TC also says Q1 molybdenum sales from the Thompson Creek Mine and 75%-owned Endako Mine totaled 4.3M lbs.
    • Royal Gold (NASDAQ:RGLD) says its subsidiary received 26.2K oz. of gold in Q1 from Mount Milligan as part of its purchase and sale agreement with TC.
    | Apr. 17, 2015, 2:57 PM | 3 Comments
  • Mar. 6, 2015, 2:42 PM
    | Mar. 6, 2015, 2:42 PM | 84 Comments
  • Jan. 27, 2015, 3:10 PM
    • Gold miner (NYSEARCA:GDX) earnings reports are on the way, and Barclays analysts foresee Q4 earnings to come in lower across the board with margins under pressure as metals prices fall; for gold, they see producers’ margins falling ~12% Q/Q.
    • Barclays believes lower gold prices also will mean writedowns of assets for many companies, while mining depletion will combine with limited exploration budgets to bring down reserves.
    • Most senior and mid-tier gold producers will not see Y/Y production growth in 2015, the firm says; Goldcorp (GG +2.9%), Agnico Eagle Mines (AEM +4.6%), Yamana Gold (AUY +3.2%) and New Gold (NGD +4.2%) should enjoy production growth, while royalty companies Royal Gold (RGLD +1.8%) and Franco-Nevada (FNV +4.6%) should have revenue growth despite lower commodity pricing.
    | Jan. 27, 2015, 3:10 PM | 7 Comments
  • Jan. 15, 2015, 12:35 PM
    • Gold, silver, platinum and palladium are spiking today on Switzerland's surprise move to abandon its currency floor, and shares of the miners are following suit: GDX +6.1%.
    • "Gold is much stronger as the 'safety' of the Swiss Franc vanishes,” commented Dave Lutz of JonesTrading.
    • Peter Boockvar believes that in "a world of currency battles with printing presses that are extraordinarily large... gold will be the last man standing... the gold bear market is over and will go substantially higher from here."
    • Against a backdrop of concerns about global growth, deflation and renewed volatility, gold has been climbing since November as other growth-sensitive commodities such as oil and copper have sold off.
    • Among precious metals miners: BTG +9.5%, GG +8.9%, KGC +8.7%, NEM +8.3%, AUY +8.1%, EGO +7.4%, AGI +7%, ABX +6.2%, NG +5.9%, AUQ +5.6%, FNV +5.5%, RGLD +5.4%, IAG +4.8%, GFI +4.2%, HL +4.2%, SLW +3.1%.
    • Other ETFs: NUGT, GDXJ, DUST, SIL, JNUG, GLDX, JDST, SLVP, SILJ, RING, SGDM, PLTM, PSAU
    | Jan. 15, 2015, 12:35 PM | 36 Comments
  • Jan. 6, 2015, 3:33 PM
    | Jan. 6, 2015, 3:33 PM | 43 Comments
  • Dec. 16, 2014, 3:58 PM
    • Morgan Stanley updates its outlook on gold miners, favoring companies that are either entering their harvest phase or sporting flexible pipelines, low political risk and reasonable costs.
    • With this in mind, the firm upgrades Franco-Nevada (FNV -0.2%) to Overweight from Equal Weight and raises its price target to $61 from $57.50, viewing the recent weakness from FNV’s oil price exposure as an opportunity to add a high quality royalty company with a strong balance sheet and well diversified portfolio; as FNV’s new metal assets begin to contribute, its oil exposure declines from 20% of revenue to less than 12% going forward.
    • Meanwhile, Stanley downgrades Royal Gold (RGLD -4.1%) to Equal Weight from Overweight, as its original thesis has played out that as the Mt. Milligan project ramps up and metal deliveries to RGLD increase, the stock’s multiples would expand.
    | Dec. 16, 2014, 3:58 PM
  • Nov. 18, 2014, 3:59 PM
    • Gold prices jumped 1.2% to settle just shy of $1,200/oz. as the dollar eased against major currencies amid tensions in eastern Europe and the Middle East, and some observers are starting to ask if gold mining and production stocks (GDX +4.8%) have finally found a bottom.
    • 24/7's Chris Lange thinks gold giants may have hit their lows on Nov. 5, followed by an impressive recovery since that date with gold fundamentals apparently not changing drastically.
    • Major precious metals miners are strong across the board: ABX +6.5%, AEM +4.4%, AU +6.2%, GG +3.7%, GFI +7.6%, SLW +3.6%, NEM +3.4%, AGI +4.9%, IAG +6.6%, AUY +6.8%, KGC +9.2%, NGD +2.8%, GOLD +1.9%, RGLD +3.7%.
    • Other ETFs: GDXJ, NUGT, DUST, SIL, JNUG, GLDX, JDST, SLVP, SILJ, RING, SGDM, PSAU
    | Nov. 18, 2014, 3:59 PM | 36 Comments
  • Oct. 31, 2014, 11:35 AM
    • Precious metals miners are slammed for a third straight session as gold prices plunged to multiyear lows.
    • Japan’s surprise stimulus move is supporting the U.S. dollar and driving the ICE U.S. Dollar index to a four-year high, making gold more expensive to overseas buyers; while the prospect for more monetary stimulus usually increases the lure of gold, the threat of global deflation has withered gold’s appeal as a hedge against rising prices, Barron's Chris Dieterich explains.
    • Nearly everyone in the sector is hitting 52-week lows (again): ABX -4.5%, NEM -7.7%, GG -0.5%, SLW -3.6%, AGI -5.8%, AEM -4.1%, AUY -10.6%, IAG -4.6%, KGC -16.2%, NGD -6.1%, AU -2%, GOLD -1.6%.
    • Also: GFI -7.4%, RGLD -3.8%.
    • ETFs: GDX, GDXJ, NUGT, DUST, SIL, JNUG, GLDX, JDST, SLVP, RING, SGDM, PSAU
    | Oct. 31, 2014, 11:35 AM | 41 Comments
  • Oct. 9, 2014, 3:58 PM
    | Oct. 9, 2014, 3:58 PM | 57 Comments
  • Oct. 6, 2014, 2:45 PM
    • Gold prices bounce off 15-month lows to reclaim $1,200/oz. as the dollar rally pauses, helping strengthen shares of precious metals miners: AU +4.4%, GFI +3%, IAG +1.9%, BTG +3%, GG +2.2%, NGD +1.5%, KGC +1.6%, AGI +1.6%, RGLD +1%, SLW +2.1%.
    • Sterne Agee analysts Michael Dudas and Satyadeep Jain foresee gold and silver prices trending higher, with gold averaging $1,400/oz. in 2015 and $1,450 in 2016 and silver averaging $19 next year and $21 in 2016, as “global demand remains firm, liquidity remains ample and the dollar appears overbought.”
    • With investor sentiment still skeptical, Sterne thinks any supportive macro news flow could provide fuel for a rally; the firm rate Newmont Mining (NEM +1.5%), Agnico-Eagle Mines (AEM +2.4%), Coeur Mining (CDE +1.3%) and Gold Resource (GORO +0.2%) as Buys, with Barrick Gold (ABX +0.5%), Hecla Mining (HL +4.3%) and Pan American Silver (PAAS +1.5%) rated Neutral.
    • ETFs: GLD, SLV, AGQ, IAU, USLV, SIVR, SGOL, ZSL, UGL, DGP, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, DGL, DBS, DGZ, OUNZ, DGLD, AGOL, DBP, TBAR, USV, UBG, JJP, GLDE, BAR, GYEN, GEUR, RGRP, BARS, GGBP, BLNG
    | Oct. 6, 2014, 2:45 PM | 19 Comments
  • Jul. 11, 2014, 2:47 PM
    • Royal Gold (RGLD +3.5%) is on the rise after saying it received 21.9K oz. of gold from the Mt. Milligan mine during Q2 as part of its purchase and sale agreement with Thompson Creek Metals (TC -0.7%).
    • For the quarter, RGLD says it sold ~14.4K oz. of gold from Thompson Creek.
    • Thompson Creek had reported Mt. Milligan production of 37K oz. of payable gold and sales of 52K oz. in the quarter.
    | Jul. 11, 2014, 2:47 PM
  • Feb. 11, 2014, 3:39 PM
    • Royal Gold (RGLD +3.9%) enters into a $75M gold stream transaction with Rubicon Minerals (RBY +3.4%) that will finance a significant portion of the construction of RBY's Phoenix Gold Project in Ontario.
    • RGLD will make advance deposit payments totaling $75M in five installments over the next 12 months toward the construction of Phoenix Gold; RBY will sell and deliver 6.3% of any gold produced from the project until 135K oz. have been delivered, and 3.15% thereafter.
    | Feb. 11, 2014, 3:39 PM | 3 Comments
Company Description
Royal Gold Inc together with its subsidiaries is engaged in acquiring and managing precious metals royalties, precious metals streams and similar interests.
Industry: Gold
Country: United States