Royal Gold, Inc. RGLD

252.49 0.00 0.00% as of 25 Sep
Market cap
$21.4B
P/E
27.5×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 5.80
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — 3 — 1 3 — 1 1 — 1 1
Insider Ownership 0.33%

Capital & Financial Ratios

Market Cap 21,440.00
Revenue 1,547.06
Net Income 744.79
Free Cash Flow 1,044.39
Net Debt 213.42
Current Ratio 2.92
Debt/Equity 0.05
P/E ratio 27.53
P/S ratio 13.84
P/B ratio 2.80
Past 5Y EPS Growth 28.65%
This Y EPS Growth 42.53%
Next Y EPS Growth 23.48%
Next 5Y EPS Growth 21.43%
in millions of $

Dividends

Payout Ratio 0.42
Annual Dividend Rate 1.50
Annual Dividend Yield 1.38%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.90
0.48
0.48
0.48
0.48
2025 1.80
0.45
0.45
0.45
0.45
2024 1.60
0.40
0.40
0.40
0.40
2023 1.50
0.38
0.38
0.38
0.38
2022 1.40
0.35
0.35
0.35
0.35
2021 1.20
0.30
0.30
0.30
0.30
2020 1.12
0.28
0.28
0.28
0.28
2019 1.06
0.27
0.27
0.27
0.27
2018 1.00
0.25
0.25
0.25
0.25
2017 0.96
0.24
0.24
0.24
0.24
2016 0.92
0.23
0.23
0.23
0.23
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 104 195 234 182
Receivables 52 65 113 151
Inventory 10 13 26 30
Other — — — —
167 275 377 370
2023 2024 2025 Q'26
Payables 11 11 10 5
ST’ Debt — — — —
Other 19 22 37 30
72 85 121 127
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 11.10% 10.84% 19.54%
Cash Flow 15.33% 11.60% 19.09%
Earnings 0.00% 9.08% 25.05%
Book Value 12.00% 22.60% 37.80%

Revenue

Mar Jun Sep Dec Year
’26 469 451 — — —
’25 193 210 252 375 1,030
’24 149 174 194 203 719
’23 170 144 139 153 606
’22 — — 131 163 603
’22 162 146 174 169 603
’21 143 168 147 158 616
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 294 335 — — —
’25 136 153 174 242 705
’24 138 114 137 141 530
’23 109 108 98 101 416
’22 — — 95 101 417
’22 101 120 130 148 417
’21 92 121 94 100 407
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 343 335 — — —
’25 136 153 182 401 864
’24 138 114 137 141 530
’23 109 108 98 101 416
’22 — — 95 101 417
’22 101 120 130 148 417
’21 92 121 143 100 407
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 3.30 2.78 — — —
’25 1.72 2.01 1.92 1.16 6.69
’24 0.72 1.23 1.46 1.63 5.04
’23 0.97 0.97 0.75 0.95 3.63
’22 — — 0.70 0.86 3.63
’22 1.00 1.08 1.07 1.04 3.64
’21 0.82 1.24 1.63 0.91 4.61
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
24.68 61.00 70.16 80.65 59.78 92.01 84.54 101.82 100.55 131.73

Analyst estimates 2026–2028

Powerpack
Low Price
87.74 94.39 98.53 138.78 147.64 129.69 147.70 147.82 155.10 235.52
High Price
21 23 23 23 27 28 31 30 30 39
Employees
17 19 20 18 18 22 19 20 24 26
Revenue/Emp
360 441 459 423 499 616 603 606 719 1,030
Revenue
80.27% 80.20% 81.74% 81.67% 83.18% 84.92% 84.31% 85.06% 86.44% 87.29%
Gross Margin
(22) 119 (105) 107 193 340 273 282 426 574
EBT
(6.05%) 26.97% (22.78%) 25.19% 38.61% 55.15% 45.24% 46.58% 59.23% 55.69%
EBT Margin
(82) 92 (119) 89 196 0 240 240 332 472
Net Income
154 173 179 178 175 184 179 165 144 177
Depreciation
5.53 6.77 7.03 6.47 7.61 9.40 9.20 9.23 10.96 14.84
Revenue/Sh
(1.27) 1.42 (1.83) 1.36 3.00 4.62 3.64 3.64 5.04 6.70
Earnings/Sh
2.60 4.10 5.04 3.87 5.20 6.21 6.36 6.34 8.06 10.15
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.29
Capex/Sh
2.60 4.10 5.04 3.87 5.20 6.21 6.36 6.34 8.06 12.44
Free CF/Sh
35.13 35.61 32.80 33.19 35.13 0.00 41.99 44.21 47.69 103.79
Book Value/Sh
65 65 65 65 66 66 66 66 66 69
Shares
0.00 50.11 0.00 70.83 40.89 24.80 32.10 32.91 26.16 32.64
PE Ratio
13.03 11.55 13.16 15.66 16.33 12.14 12.70 12.98 12.03 14.98
PS Ratio
2.05 2.20 2.82 3.05 3.54 2.99 2.78 2.71 2.76 2.14
PB Ratio
14.37 12.69 13.73 15.88 16.29 11.79 13.45 13.21 12.04 15.67
EV/Sales
23.09 14.28 13.24 18.84 16.58 17.83 19.45 19.25 16.35 22.90
EV/FCF
169 267 329 253 341 407 417 416 530 705
Op' Cash Flow
(1,346) (204) (12) (1) (156) (168) (922) — — 159
Capex
169 267 329 253 341 407 417 416 530 864
FCF
142 109 74 121 319 155 122 95 190 257
Working Cap'
601 586 351 215 300 7 572 246 — 895
Total Debt
484 500 262 95 (19) (144) 453 142 (195) 662
Net Debt
2,286 2,320 2,141 2,170 2,302 2,601 2,753 2,901 3,131 7,205
Sh' Equity
(2.58%) 3.29% (3.92%) 3.59% 7.51% 0.00% 6.76% 6.94% 9.83% 7.23%
ROA
0.11% 3.23% (1.94%) 3.88% 5.45% 0.00% 5.53% 6.23% 9.15% 5.07%
ROIC
(3.28%) 4.41% (5.07%) 4.35% 8.91% 0.00% 8.70% 8.47% 11.01% 9.04%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Royal Gold, Inc. peers in Gold

All 37 Gold stocks →

Royal Gold, Inc. (RGLD) key facts

  • Royal Gold, Inc. (RGLD) is a Gold company in the Basic Materials sector, listed on Nasdaq.
  • Royal Gold, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 43.2% from fiscal 2024.
  • As of September 25, 2026, RGLD traded at $252.49, a market capitalization of $21.4 billion.
  • Royal Gold, Inc. pays an annual dividend of $1.50 per share, a yield of 1.38%, with a payout ratio of 42.4%.
  • Return on equity was 9.04% and debt-to-equity 0.05.

Source: company filings (standardised) and stockrow calculations.

Royal Gold, Inc. (RGLD) Latest News

News by impact score

Fine-tune

16 Sep

4

Royal Gold expands its portfolio in 2025 through targeted actions that may improve company performance and market position. 2025 portfolio expansion actions represent major strategic moves likely to significantly alter Royal Gold's trajectory and investor sentiment.

9 Sep

4

Royal Gold royalties position the company for a breakout as positive trends emerge. Royalty trends point to major shifts in company trajectory and investor sentiment.

3

Royal Gold secures copper mine interests through royalty and streaming agreements that let developers handle construction and costs. Royal Gold's royalty model supports cost-efficient copper exposure that can influence long-term asset growth.

26 Aug

4

Higher prices and increased production have driven up shares of Royal Gold, Inc. (RGLD). Higher prices and production directly improve revenue and stock performance for Royal Gold.

15 Aug

4

Royal Gold doubled profits and launched a share buyback program. Doubled profits plus buyback signal major positive financial strength that can lift valuation and investor sentiment.

12 Aug

3 transcript

Royal Gold (RGLD) published its Q2 2026 earnings call transcript. Earnings call transcript discloses quarterly results and outlook that can shift near-term investor views.

7 Aug

4

Royal Gold (RGLD) shares rose 7.4% after posting strong Q2 2026 results and raising full-year volume guidance. Strong results and higher volume guidance improve revenue outlook and lift stock trajectory.

3

RGLD missed Q2 earnings estimates while revenues rose year-over-year on higher metal prices. Mixed Q2 results with earnings miss offset by revenue surge from metal prices indicate moderate influence on future performance.

3 transcript

Royal Gold Q2 earnings call highlights financial results, production updates and outlook for the company. Q2 earnings call supplies performance data likely to affect near-term investor views without major strategic shifts.

5 Aug

4

Royal Gold reported strong second quarter results with record operating cash flow, share repurchases, and further debt repayment. Strong quarterly results with record cash flow, buybacks, and debt reduction improve financial position and support positive stock performance.

17 Jul

3

SSR Mining converts its Hod Maden stake into a royalty with Royal Gold. Adds new royalty asset from Hod Maden to Royal Gold portfolio.

16 Jul

4

Royal Gold reports record Q1 results and details acquisition pipeline fueling future growth. Record quarterly results plus acquisition pipeline indicate major positive shifts in Royal Gold's growth trajectory.

23 Jun

3

Royal Gold restructures Hod Maden project ownership and secures a new NSR royalty. Hod Maden ownership restructure plus new royalty adds direct revenue stream and project control for Royal Gold.

16 Jun

3

Royal Gold (RGLD) faces bearish analyst update as Hod Maden stake reduction advances. Bearish analyst note plus Hod Maden stake cut points to moderate pressure on valuation and operations.

28 May

4

Royal Gold restructures Hod Maden project and adjusts dividend policy, potentially altering the investment case for RGLD. Hod Maden restructuring and dividend shift represent major strategic moves that could significantly alter Royal Gold's trajectory and investor sentiment.

26 May

3

BofA cuts its price target on Royal Gold (RGLD) after the company plans to reduce its ownership stake in Hod Maden to 15%. PT reduction tied to lower Hod Maden stake signals moderate negative pressure on near-term valuation and sentiment without shifting core operations.

22 May

3

Royal Gold restructured its Hod Maden stake to reduce cost exposure. Restructuring lowers cost exposure and may improve profitability.

19 May

3

SSR Mining agreed to sell a 20% equity stake in the Hod Maden project, with potential implications for royalty interests held by Royal Gold. Equity sale in Hod Maden may shift project ownership and influence Royal Gold royalty cash flows without fundamentally changing company trajectory.

3

Royal Gold (RGLD) reported Q1 adjusted EPS along with revenue and production details from its royalty and streaming portfolio. Quarterly earnings updates deliver financial metrics that can shift near-term investor sentiment and valuation.

18 May

3

Royal Gold, Inc. announced a restructuring of its interests in the Hod Maden project. Restructuring of Hod Maden project interests may affect Royal Gold's asset portfolio and revenue streams.

14 May

4

Solaris Resources (TSX:SLS) secures EIA approval and fresh funding from Royal Gold for the Warintza copper-gold project in Ecuador, enhancing its valuation prospects amid advancing development. Royal Gold's funding commitment to the EIA-approved Warintza project adds a high-potential copper stream to its portfolio, driving long-term revenue growth.

3

Royal Gold (RGLD) reported solid earnings, but underlying factors suggest they fail to capture the complete outlook for future performance. Earnings show strength but conceal risks that could moderately influence financial trajectory and investor views.

11 May

4

Royal Gold (RGLD) delivered record Q1 earnings and announced a $500 million share buyback, reshaping its investment narrative by highlighting strong financial health and shareholder returns. Record Q1 earnings and $500 million buyback demonstrate robust cash flow and management confidence, likely driving positive stock re-rating and long-term performance.

10 May

4

Royal Gold (RGLD) delivered record Q1 2026 results and announced a new US$500m share buyback program, sparking a fresh valuation assessment. Record Q1 results and $500m buyback demonstrate robust financial strength and commitment to shareholder returns, likely driving significant positive market reaction.

8 May

4

Royal Gold released Q1 earnings call highlights, covering financial results, operational updates, and forward guidance. Q1 earnings highlights disclose financial performance and strategic outlook with potential to significantly sway investor sentiment and stock trajectory.

7 May

4 transcript

Royal Gold (RGLD) released its Q1 2026 earnings call transcript detailing quarterly financial results, operational updates, and future guidance. Q1 2026 earnings transcript provides detailed financial results, guidance, and strategic updates that could significantly sway investor sentiment and stock performance.

4

Royal Gold, Inc. released Q1 2026 earnings call summary detailing quarterly financial results, operational updates, and forward guidance. Q1 2026 earnings disclosure includes financial metrics and guidance directly shaping investor expectations and stock trajectory.

3

Royal Gold (RGLD) shares plunged 18% after earnings report as one fund exited its $2.9 million Resolute Holdings position, signaling potential investor concerns over future performance. 18% share plunge post-earnings with fund exit suggests moderately noticeable short-term pressure on financial performance and sentiment.

6 May

4

Royal Gold, Inc. (RGLD) reported record revenue, operating cash flow, and earnings for Q1 2026, signaling a strong start to the year, while adding new capital allocation tools to enhance future flexibility. Record Q1 financial results and new capital allocation tools represent major positive developments likely to significantly enhance financial trajectory and investor sentiment.

29 Apr

3

Centerra Gold reported higher first-quarter revenue and adjusted profit while issuing 2026 production outlook. Centerra's Q1 earnings beat and 2026 production guidance boost Royal Gold's royalty and stream revenues from shared assets.

stockrow.com/RGLD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com