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Royal Gold Inc. Reports Operating Results (10-K)

August 26, 2010 | About:
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Royal Gold Inc. (RGLD) filed Annual Report for the period ended 2010-06-30.

Royal Gold Inc. has a market cap of $2.59 billion; its shares were traded at around $49 with a P/E ratio of 60.5 and P/S ratio of 19. The dividend yield of Royal Gold Inc. stocks is 0.8%. Royal Gold Inc. had an annual average earning growth of 25.6% over the past 10 years.RGLD is in the portfolios of Jean-Marie Eveillard of First Eagle Investment Management, LLC, NWQ Managers of NWQ Investment Management Co, Murray Stahl of Horizon Asset Management, Columbia Wanger of Columbia Wanger Asset Management, Jim Simons of Renaissance Technologies LLC, Paul Tudor Jones of The Tudor Group, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors.

Highlight of Business Operations: Aggregate market value of the voting common stock held by non-affiliates of the registrant, based upon the closing sale price of Royal Gold common stock on December 31, 2009, as reported on the NASDAQ Global Select Market was $1,794,606,869. There were 53,671,158 shares of the Company's common stock, par value $0.01 per share, outstanding as of August 24, 2010. In addition, as of such date, there were 1,610,464 exchangeable shares of RG Exchangeco Inc., a subsidiary of registrant, outstanding which are exchangeable at any time into shares of the Company's common stock on a one-for-one basis and entitle their holders to dividend and other rights economically equivalent to those of the Company's common stock.
(1)Our royalty revenues increased 85% to $136.6 million, compared with $73.8 million during fiscal year 2009; (2)On January 25, 2010, we acquired an interest in the gold produced from the sulfide portion of the Andacollo project in Chile ("Andacollo Royalty") for $217.9 million in cash and 1,204,136 shares of our common stock (valued at approximately $53.4 million on the date of acquisition); (3)On February 22, 2010, we, through RG Exchangeco Inc. (formerly known as 7296355 Canada Ltd.), a wholly-owned Canadian subsidiary of Royal Gold ("RG Exchangeco") acquired all of the issued and outstanding common shares of IRC, a company incorporated in Canada (the "IRC Transaction"). The purchase price for the IRC Transaction consisted of approximately $350.0 million in cash, 5,234,086 shares of Royal Gold common stock (valued at $230.4 million on the date of acquisition) and 1,806,649 exchangeable shares of 1
(4)In June 2010, we sold 5,980,000 shares of our common stock, at a price of $48.50 per share, resulting in net proceeds to us of approximately $276.2 million; and (5)We increased our calendar year dividend to $0.36 per basic share, which is paid in quarterly installments throughout calendar year 2010. This represents a 12.5% increase compared with the dividend paid during calendar year 2009. Certain Definitions
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