Grant Bishop

Tuesday, 10 November 2026 · Markets closed · Edition 20

The Index › The rest of the frame › Who holds the hard assets?

Royal Gold

RGLD

Royal Gold buys royalties and streams on gold, silver and copper mines, collecting a share of their output without running the mines. We follow it because the House View watches gold, silver and other hard assets as part of its argument about government debt and inflation.

Checked against the company's own business description in its latest annual filing. · entry updated 2026-10-19
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RGLD
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Last refreshed from 10-Q filed (EDGAR)

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The living report

Bears on our standing view that this inflation comes from broken supply, not too much money. It is proved wrong if core inflation (excluding food and energy) above 3 percent for two quarters after oil falls back below $85 — that would mean the inflation has become demand-driven and the old hedge is back. Or broad-market multiples expanding while oil stays above $100 — the market disagreeing with the 1970s.

last revised 19 Oct 2026 · next scheduled disclosure not yet announced
The full report

Members: queues this company for a report on a coming night.

The market record

Free during the preview. Each figure shows only where two independent data providers, Massive and Yahoo, agree on it to the cent; a figure they do not agree on is left out. Dated, not live. It describes; it does not recommend.

Last close$282.66
close of 9 Nov 2026 · Massive and Yahoo agree
The day's range$271.20 – $283.99
9 Nov 2026 · both providers agree
52-week range$177.49 – $306.25
intraday low 10 Nov 2025 · intraday high 29 Jan 2026 · 251 sessions to 9 Nov 2026 · both providers agree
Market value$23.9 billion
the 9 Nov 2026 close × 84,544,408 shares outstanding on the 10-Q cover, as of 28 Oct 2026
$

Enter any price. The page shows the multiple on the forward estimate on file and where that price sits in the 52-week range. It computes; it does not recommend.

Filings

Newest first, from EDGAR. Where a piece read a filing, one line of what it said.

5 Nov 202610-Q · period ending 30 Sep 2026
4 Nov 20268-K · period ending 4 Nov 2026
20 Oct 20268-K · period ending 20 Oct 2026
6 Aug 202610-Q · period ending 30 Jun 2026
5 Aug 20268-K · period ending 5 Aug 2026
21 Jul 20268-K · period ending 21 Jul 2026
26 May 20268-K · period ending 21 May 2026
7 May 202610-Q · period ending 31 Mar 2026
6 May 20268-K · period ending 6 May 2026
31 Mar 20268-K · period ending 31 Mar 2026
19 Feb 202610-K · period ending 31 Dec 2025
18 Feb 20268-K · period ending 18 Feb 2026
13 Jan 20268-K · period ending 13 Jan 2026
6 Nov 202510-Q · period ending 30 Sep 2025
5 Nov 20258-K · period ending 5 Nov 2025
21 Oct 20258-K · period ending 20 Oct 2025
14 Oct 20258-K · period ending 14 Oct 2025
9 Oct 20258-K · period ending 9 Oct 2025
12 Sep 20258-K · period ending 11 Sep 2025
7 Aug 202510-Q · period ending 30 Jun 2025
6 Aug 20258-K · period ending 6 Aug 2025
5 Aug 20258-K · period ending 5 Aug 2025
10 Jul 20258-K · period ending 6 Jul 2025
8 Jul 20258-K · period ending 8 Jul 2025
7 Jul 20258-K · period ending 7 Jul 2025
1 Jul 20258-K · period ending 26 Jun 2025
27 May 20258-K · period ending 22 May 2025
8 May 202510-Q · period ending 31 Mar 2025
7 May 20258-K · period ending 7 May 2025
18 Apr 20258-K · period ending 16 Apr 2025
8 Apr 20258-K · period ending 8 Apr 2025
21 Mar 20258-K · period ending 17 Mar 2025
13 Mar 20258-K · period ending 13 Mar 2025
20 Feb 20258-K · period ending 13 Feb 2025
13 Feb 20258-K · period ending 12 Feb 2025
13 Feb 202510-K · period ending 31 Dec 2024
13 Feb 20258-K/A · period ending 18 Dec 2024
14 Jan 20258-K · period ending 14 Jan 2025
18 Dec 20248-K · period ending 18 Dec 2024
18 Dec 202410-K/A · period ending 31 Dec 2023
20 Nov 20248-K · period ending 19 Nov 2024
7 Nov 20248-K · period ending 6 Nov 2024
7 Nov 202410-Q · period ending 30 Sep 2024

Where it sits in the frame

Reports next

not yet announced

Latest disclosed

10-Q · filed 2026-08-06 · period ending 2026-06-30

Read the filing

Machine-readable

/index/RGLD.json

What it has disclosed

Newest first. Every figure traces to a filing; "Show sources" shows which.

—No figure from this company appears in a committed piece yet.

Mentioned in

Every piece that names this company, newest first: what it said, and the standing view it bore on. Written when the piece is committed; never edited, never removed.

—No piece names this company yet.

Same question

Other companies under Who holds the hard assets?

This entry

19 Oct 2026Entry rewritten in plain words: what the company sells, and why we follow it.
12 Oct 2026Verified against the 10-Q filed 2026-08-06 at launch.

Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.

Follow Royal Gold. The weekly piece, and a note when a filing moves it.

Record

Written according to the Grant Bishop standard — machine-researched, machine-checked, human-judged; then read and committed by the publisher. Every number traces to a filing or a dated market record; every claim carries a date and what would prove it wrong.

Verification
multi-source verified, machine-drafted, human-gated
As of
2026-08-06
Position disclosure
The publisher holds index-level U.S. equity exposure and no direct position in any single name discussed.
Not advice
General commentary for a general audience. Not advice for your situation.
Sources (12)