Royal Gold (NYSE: RGLD) reviewed 10-07-2020
Market Cap: 7.67 Billion (USD)
Share Price: $117.00 (USD)
Shares outstanding: 65,522,569
Cash: $319 M (USD) at 30 Jun 2020
Debt: $300 M (USD) at 30 Jun 2020
Current operations: Yes
Insiders: Low
Institutional: 500+ institutions hold approx 84% of float
Website: royalgold.com
Investor Presentations: http://royalgold.com/investors/events-presentations/
President & CEO: William H. Heisenbuttel
Royal Gold is a US-based royalty company
Owns a large global portfolio of producing, development, and exploration streams
The company lists seven primary and a total of 34 producing streams from currently producing mines and 15 in development. An additional 100 are non-producing and are mainly exploration
Free cash flow was about $185 M (USD) for FY 2020; the Market cap is approx. 41x that
Reported record revenue of almost $500 M and net earnings of about $200M or $3.03 a share, minus adjustments which brought it down to $162.4 M or $2.47 a share
The dividend payout is currently $1.12 or 0.95%
Bottom Line:
- The company has repaired its balance sheet but still carries $300 M in debt
- Dividend yield below 1% seems a bit low
- Price has come down from the 52-week high of $147 which coincided with the 5 Aug peak in the gold price
- No position and none to come. Much prefer WPM