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Snag RGLD 10.3% Cheaper Than Its Secondary?

By Market News Video Staff, Monday, January 14, 11:11 AM ET
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Looking back to 95 days ago, Royal Gold, Inc. (NASDAQ:RGLD) priced a 5,250,000 share secondary stock offering at $91 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Monday, bargain hunters could buy shares of RGLD and achieve a cost basis 10.3% cheaper than those buyers, with shares changing hands as low as $81.66 per share. It should be noted that investors at the secondary have collected $0.20/share in dividends since the time of their purchase, so they are currently down 10.0% on their purchase from a total return basis.

Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Royal Gold, Inc. shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of RGLD shares, versus its 200 day moving average:

Royal Gold, Inc. Chart

Looking at the chart above, RGLD's low point in its 52 week range is $57.00 per share, with $100.84 as the 52 week high point that compares with a last trade of $81.66.

The current annualized dividend paid by Royal Gold, Inc. is $0.80/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/02/2013. Below is a long-term dividend history chart for RGLD, which can be of good help in judging whether the most recent dividend with approx. 1.0% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, RGLD makes up 3.94% of the Gold Miners ETF (AMEX:GDX) which is trading up by about 0.4% on the day Monday.

See what other ETFs contain RGLD
See what other stocks are held by GDX

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