Royal Gold (RGLD) reported second-quarter revenue of $450.5 million, up from $209.6 million in the prior-year period. Net income attributable to Royal Gold stockholders was $236.4 million, or $2.78 per basic and diluted share, compared with $132.3 million, or $2.01 per basic and diluted share, a year earlier.
The company reported record operating cash flow of $335.2 million for the quarter ended June 30, 2026. Royal Gold also repaid debt, repurchased shares, advanced funding for Warintza and funded Hod Maden project costs during the period.
- Revenue mix by commodity was 76% gold, 12% silver and 8% copper.
- Sales volume totaled 100,000 gold equivalent ounces, compared with 63,900 in the prior-year period.
- Operating cash flow was $335.2 million, compared with $152.8 million a year earlier.
- Royal Gold repurchased 147,205 shares at an average price of $203.80 for total consideration of $30 million.
- The company repaid $200 million on its revolving credit facility during the quarter and another $75 million after quarter-end.
- Total liquidity at quarter-end was approximately $1.2 billion.
$RGLD Insider Trading Activity
$RGLD insiders have traded $RGLD stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $RGLD stock by insiders over the last 6 months:
- WILLIAM M. HAYES sold 4,173 shares for an estimated $1,156,213
- PAUL LIBNER (SVP & CFO) has made 0 purchases and 6 sales selling 3,200 shares for an estimated $907,119.
- MARK ISTO sold 2,000 shares for an estimated $549,660
- DANIEL BREEZE (SVP Corp Dev of RGLD Gold AG) has made 0 purchases and 2 sales selling 1,400 shares for an estimated $421,211.
- RANDY SHEFMAN (SVP & General Counsel) sold 500 shares for an estimated $107,925
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$RGLD Hedge Fund Activity
We have seen 349 institutional investors add shares of $RGLD stock to their portfolio, and 358 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VAN ECK ASSOCIATES CORP removed 2,696,566 shares (-45.7%) from their portfolio in Q1 2026, for an estimated $671,984,247
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,138,482 shares (-61.3%) from their portfolio in Q1 2026, for an estimated $283,709,714
- BLACKROCK, INC. added 1,107,058 shares (+11.8%) to their portfolio in Q1 2026, for an estimated $275,878,853
- CAPITAL RESEARCH GLOBAL INVESTORS added 856,097 shares (+inf%) to their portfolio in Q1 2026, for an estimated $213,339,372
- CAPITAL WORLD INVESTORS added 782,380 shares (+8.0%) to their portfolio in Q1 2026, for an estimated $194,969,096
- QUBE RESEARCH & TECHNOLOGIES LTD added 590,577 shares (+inf%) to their portfolio in Q1 2026, for an estimated $147,171,788
- CAPITAL INTERNATIONAL INVESTORS removed 513,578 shares (-34.4%) from their portfolio in Q1 2026, for an estimated $127,983,637
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
