Royal Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:RG3 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
10 Dec 24	Sell€107,089	Daniel Breeze	Individual	750	€142.83
08 Nov 24	Sell€271,967	William Hayes	Individual	1,984	€137.08
13 Sep 24	Sell€108,662	Daniel Breeze	Individual	840	€129.36
28 Aug 24	Sell€579,980	Randy Shefman	Individual	4,600	€126.08
21 Aug 24	Sell€52,514	Ronald Vance	Individual	415	€126.54
16 Aug 24	Sell€61,412	Ronald Vance	Individual	500	€122.82
12 Aug 24	Sell€120,865	Ronald Vance	Individual	1,000	€121.69
15 May 24	Sell€180,427	Daniel Breeze	Individual	1,500	€120.28
15 May 24	Sell€119,677	Randy Shefman	Individual	1,000	€119.68
11 Mar 24	Sell€51,703	Randy Shefman	Individual	500	€103.41
22 Feb 24	Sell€48,157	Randy Shefman	Individual	500	€96.31

Insider Trading Volume

Insider Buying: RG3 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of RG3?
Owner Type	Number of Shares	Ownership Percentage
State or Government	60,393	0.0918%
Individual Insiders	210,089	0.319%
General Public	8,725,165	13.3%
Institutions	56,761,188	86.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 67.77% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.3%	Capital Research and Management Company	8,750,306	€1.2b	0.35%	0.06%
10.4%	BlackRock, Inc.	6,826,714	€934.1m	-2.49%	0.01%
9.98%	The Vanguard Group, Inc.	6,562,637	€898.0m	-0.73%	0.01%
5.43%	First Eagle Investment Management, LLC	3,569,208	€488.4m	-0.44%	0.63%
5.15%	Van Eck Associates Corporation	3,387,000	€463.5m	-6.89%	0.48%
5.12%	State Street Global Advisors, Inc.	3,369,615	€461.1m	-8.95%	0.02%
2.01%	Geode Capital Management, LLC	1,321,555	€180.8m	2.57%	0.01%
1.92%	T. Rowe Price Group, Inc.	1,263,247	€172.9m	1.6%	0.01%
1.86%	Findlay Park Partners LLP	1,223,530	€167.4m	-1.05%	1.57%
1.31%	Northern Trust Global Investments	860,862	€117.8m	-2.68%	0.02%
1.27%	AQR Capital Management, LLC	836,791	€114.5m	75.2%	0.15%
1.26%	Dimensional Fund Advisors LP	828,597	€113.4m	2.69%	0.02%
1.06%	BNY Asset Management	700,161	€95.8m	-15.1%	0.02%
0.87%	Invesco Capital Management LLC	571,579	€78.2m	16.3%	0.03%
0.8%	Kopernik Global Investors, LLC	528,237	€72.3m	-18.6%	1.73%
0.8%	Bank of America Corporation, Asset Management Arm	525,984	€72.0m	15.8%	0.02%
0.73%	Charles Schwab Investment Management, Inc.	479,140	€65.6m	0%	0.01%
0.72%	BLI - Banque De Luxembourg Investments S.A.	475,000	€65.0m	0%	0.66%
0.68%	Renaissance Technologies LLC	445,842	€61.0m	3.79%	0.09%
0.64%	Norges Bank Investment Management	419,803	€57.4m	0%	no data
0.54%	Acadian Asset Management LLC	353,168	€48.3m	-12.4%	0.12%
0.52%	UBS Asset Management AG	341,766	€46.8m	3.25%	no data
0.47%	California Public Employees' Retirement System	308,514	€42.2m	-3.95%	0.03%
0.47%	GAMCO Investors, Inc.	307,933	€42.1m	-6.66%	0.17%
0.47%	Eaton Vance Management	306,004	€41.9m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/04 19:54
End of Day Share Price	2025/02/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Royal Gold, Inc. is covered by 31 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Farooq Hamed	Barclays
Garrett Nelson	BB&T Capital Markets
Brian Quast	BMO Capital Markets Equity Research