Royal Gold, Inc. RGLD
- Market cap
- $21.4B
- P/E
- 27.5×
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Target Price Range
Analyst price targets
Free account| 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
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| 87.74 | 94.39 | 98.53 | 138.78 | 147.64 | 129.69 | 147.70 | 147.82 | 155.10 | 235.52 |
High Price
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| 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
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|||
| 80.27% | 80.20% | 81.74% | 81.67% | 83.18% | 84.92% | 84.31% | 85.06% | 86.44% | 87.29% |
Gross Margin
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| (22) | 119 | (105) | 107 | 193 | 340 | 273 | 282 | 426 | 574 |
EBT
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| (6.05%) | 26.97% | (22.78%) | 25.19% | 38.61% | 55.15% | 45.24% | 46.58% | 59.23% | 55.69% |
EBT Margin
|
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| (82) | 92 | (119) | 89 | 196 | 0 | 240 | 240 | 332 | 472 |
Net Income
|
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| 154 | 173 | 179 | 178 | 175 | 184 | 179 | 165 | 144 | 177 |
Depreciation
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|||
| 5.53 | 6.77 | 7.03 | 6.47 | 7.61 | 9.40 | 9.20 | 9.23 | 10.96 | 14.84 |
Revenue/Sh
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| (1.27) | 1.42 | (1.83) | 1.36 | 3.00 | 4.62 | 3.64 | 3.64 | 5.04 | 6.70 |
Earnings/Sh
|
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| 2.60 | 4.10 | 5.04 | 3.87 | 5.20 | 6.21 | 6.36 | 6.34 | 8.06 | 10.15 |
Cash Flow/Sh
|
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.29 |
Capex/Sh
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| 2.60 | 4.10 | 5.04 | 3.87 | 5.20 | 6.21 | 6.36 | 6.34 | 8.06 | 12.44 |
Free CF/Sh
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| 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
|
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| 13.03 | 11.55 | 13.16 | 15.66 | 16.33 | 12.14 | 12.70 | 12.98 | 12.03 | 14.98 |
PS Ratio
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| 2.05 | 2.20 | 2.82 | 3.05 | 3.54 | 2.99 | 2.78 | 2.71 | 2.76 | 2.14 |
PB Ratio
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| 14.37 | 12.69 | 13.73 | 15.88 | 16.29 | 11.79 | 13.45 | 13.21 | 12.04 | 15.67 |
EV/Sales
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| 23.09 | 14.28 | 13.24 | 18.84 | 16.58 | 17.83 | 19.45 | 19.25 | 16.35 | 22.90 |
EV/FCF
|
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| 169 | 267 | 329 | 253 | 341 | 407 | 417 | 416 | 530 | 705 |
Op' Cash Flow
|
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| (1,346) | (204) | (12) | (1) | (156) | (168) | (922) | — | — | 159 |
Capex
|
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| 169 | 267 | 329 | 253 | 341 | 407 | 417 | 416 | 530 | 864 |
FCF
|
|||
| 142 | 109 | 74 | 121 | 319 | 155 | 122 | 95 | 190 | 257 |
Working Cap'
|
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| 601 | 586 | 351 | 215 | 300 | 7 | 572 | 246 | — | 895 |
Total Debt
|
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| 484 | 500 | 262 | 95 | (19) | (144) | 453 | 142 | (195) | 662 |
Net Debt
|
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| 2,286 | 2,320 | 2,141 | 2,170 | 2,302 | 2,601 | 2,753 | 2,901 | 3,131 | 7,205 |
Sh' Equity
|
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| (2.58%) | 3.29% | (3.92%) | 3.59% | 7.51% | 0.00% | 6.76% | 6.94% | 9.83% | 7.23% |
ROA
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| 0.11% | 3.23% | (1.94%) | 3.88% | 5.45% | 0.00% | 5.53% | 6.23% | 9.15% | 5.07% |
ROIC
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| (3.28%) | 4.41% | (5.07%) | 4.35% | 8.91% | 0.00% | 8.70% | 8.47% | 11.01% | 9.04% |
ROE
|
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Royal Gold, Inc. peers in Gold
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CDE Coeur Mining, Inc. | $19.5B | 16.2× | Compare |
| EQX Equinox Gold Corp. | $13.7B | 11.5× | Compare |
| GFI Gold Fields Limited | $36.2B | 23.9× | Compare |
| HMY Harmony Gold Mining Company Limited | $11.8B | 58.2× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| AU AngloGold Ashanti PLC | $49.9B | 13.2× | Compare |
| FNV Franco-Nevada Corporation | $50.1B | 33.6× | Compare |
| SSRM Silver Standard Resources Inc. | $7.3B | 30.8× | Compare |
| BTG B2Gold Corp | $7.0B | 9.0× | Compare |
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.
Royal Gold, Inc. (RGLD) Latest News
16 Sep
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
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.
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
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
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
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
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.
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.
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
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
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
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
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
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
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
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
Royal Gold restructured its Hod Maden stake to reduce cost exposure. Restructuring lowers cost exposure and may improve profitability.
19 May
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.
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
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
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.
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
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
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
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
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.
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.
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
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
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.