Core Insights - Royal Gold (NASDAQ: RGLD) is positioned as a strong investment opportunity due to its robust margins, low-debt capital structure, and positive momentum [2][3] Company Overview - Royal Gold manages precious metal streams and royalties, with interests in 187 global properties across five continents, including the U.S., Canada, Chile, Australia, Africa, and Mexico [4] - The company's revenues are closely tied to gold prices, as they derive from royalty and streaming contracts based on gold production and price levels [4] Financial Performance - Royal Gold reported a revenue increase of 30.1% over the last twelve months (LTM) and an average growth of 8.2% over the past three years [8] - The company has maintained an operating cash flow margin of approximately 70.7% and an operating margin of 55.4% on average over the last three years [8] Market Position and Trends - Royal Gold is currently in the top 10 percentile of stocks based on a proprietary metric for "trend strength," indicating strong momentum [8] - Despite its positive momentum, RGLD stock is trading 13% lower than its 52-week peak, suggesting potential for further growth [8] Industry Context - A rebound in gold prices, driven by factors such as renewed safe-haven demand, potential interest rate cuts, or geopolitical uncertainty, could significantly benefit Royal Gold [4][5] - The company benefits from higher realized gold prices without incurring the operating costs associated with mining, which could lead to substantial cash flow and margin gains even with a moderate recovery in gold prices [5]

Core Points - Osisko Gold Royalties Ltd has announced a second quarter 2025 dividend of US$0.055 per common share, representing a 20% increase from the previous quarterly dividend [1] - The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] Dividend Reinvestment Plan - The company has implemented a dividend reinvestment plan, allowing shareholders in Canada and the United States to participate in the upcoming dividend [3] - Shareholders interested in the plan should contact their financial advisor or broker for enrollment details [3] - Participation in the plan does not exempt shareholders from tax liabilities related to reinvested dividends [4] Company Overview - Osisko Gold Royalties Ltd is an intermediate precious metals royalty company focused on the Americas, with operations starting in June 2014 [5] - The company holds a portfolio of over 195 royalties, streams, and precious metal offtakes, anchored by a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada's largest gold mines [5]