Royal Gold Submits Proxy Statement for Sandstorm Gold Buyout Deal
Royal Gold, Inc. RGLD announced that it submitted a definitive proxy statement to the U.S. Securities and Exchange Commission for its previously mentioned acquisition of Sandstorm Gold Ltd. SAND.RGLD will hold a special meeting on Oct. 9, 2025, wherein all registered holders of the Royal Gold common stock (as of the close of business on Aug. 29, 2025) are eligible to vote for the approval of the issuance of Royal Gold shares for the Sandstorm transaction. The board of directors recommended that shareholders vote in favor of the proposals outlined in the proxy statement.Details on Royal Gold-Sandstorm Gold DealOn July 6, 2025, Royal Gold announced that it had inked agreements to acquire SAND and Horizon Copper Corp. These transactions will reinforce Royal Gold’s position as a leading North American precious metal streaming and royalty company.RGLD is planning to acquire Sandstorm Gold in an all-stock deal, wherein it is offering 0.0625 Royal Gold shares for each Sandstorm share. This offer implies a $3.5-billion equity value and a premium of 21% based on 20-day VWAP and 17% based on the July 3, 2025, closing price. Post the deal closure, SAND shareholders will receive around 19 million Royal Gold shares and hold approximately 23% of Royal Gold's fully diluted shares. The completion of the SAND deal is subject to regulatory clearances, shareholder approvals of both companies, the Supreme Court of British Columbia’s approval, and completion of the Horizon transaction.Shareholders of Sandstorm Gold are expected to hold a meeting on Oct. 9, 2025, to seek approval. The Sandstorm Gold-Royal Gold Deal is expected to close in the fourth quarter of 2025.Royal Gold Stock’s Price PerformanceIn the past year, shares of Royal Gold have gained 38.6% compared with the industry’s surge of 73.9%. Image Source: Zacks Investment Research RGLD’s Zacks Rank & Stocks to ConsiderThe company currently has a Zacks Rank of 4 (Sell). Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation CRS and Idaho Strategic Resources IDR. CRS flaunts a Zacks Rank #1 (Strong Buy) at present and IDR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Carpenter Technology has an average trailing four-quarter earnings surprise of 8.4%. The Zacks Consensus Estimate for CRS’s 2025 earnings is pegged at $9.36 per share. Its shares surged 68% last year.Idaho Strategic Resources has an average trailing four-quarter earnings surprise of 2.6%. The Zacks Consensus Estimate for its 2025 earnings is pegged at 76 cents per share, indicating year-over-year growth of 13.4%. IDR shares skyrocketed 110% last year.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Sandstorm Gold Ltd (SAND): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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