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Royal Gold, Inc. logo

Royal Gold, Inc.

RGLD

NASDAQBasic MaterialsGold

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Previous close

$259.01

+$6.65 · +2.64%

Aug 21, 4:00 PM ET

RGLD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

85

Deep Value

Momentum

30

Weakening

Sentiment

59

Mixed

Risk resilience

58

Elevated Risk

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Company profile

Company website

Royal Gold, Inc. and its subsidiaries engage in the acquisition and oversight of precious metal streams, royalty agreements, and related rights. The company's strategy involves securing these interests or providing capital for projects, whether currently producing or in their development phase, in exchange for future streams or royalty entitlements. Its portfolio primarily encompasses gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, Royal Gold maintained ownership stakes in 185 properties spanning five continents, featuring interests in 41 operating mines and 19 projects under development. These stream and royalty holdings are distributed across various international regions, including the United States, Canada, Chile, the Dominican Republic, Australia, Africa, and Mexico. Royal Gold, Inc. was founded in 1981 and is headquartered in Denver, Colorado.

Industry
Gold
Sector
Basic Materials
Headquarters
US
CEO
William H. Heissenbuttel
Listed since
Jun 9, 1981
Employees
39

Market position

Day range

Current $259.01

52-week range

Current $259.01

Open
$257.98
Previous close
$252.36
Volume
885.1K
1.19× average
Average volume
744.55K
Average daily volume
Market cap
21.98B USD
Beta
0.46
Market reference 1
50-day average
$210.04
+23.32% above average
200-day average
$232.5
+11.40% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
16.16B USD
P/E (TTM)
28.25×
P/B (TTM)
2.89×
P/S (TTM)
14.21×
EV / EBITDA
20.87×
Earnings yield
3.02%
Free cash flow yield
-2.98%
Dividend yield
0.72%

Profitability & efficiency

Gross margin
66.79%
Operating margin
63.14%
Net margin
47.70%
Return on equity
6.51%
Return on assets
4.89%
Return on invested capital
5.80%

Financial health

Debt / equity
0.05×
Current ratio
3.12×
Altman Z-score
7.74
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%72%54%35%Gross margin, FY2021: 84.74%Gross margin, FY2022: 84.13%Gross margin, FY2023: 84.87%Gross margin, FY2024: 86.32%Gross margin, FY2025: 69.27%Operating margin, FY2021: 50.90%Operating margin, FY2022: 47.59%Operating margin, FY2023: 50.67%Operating margin, FY2024: 60.31%Operating margin, FY2025: 64.50%Net margin, FY2021: 42.48%Net margin, FY2022: 40.09%Net margin, FY2023: 40.01%Net margin, FY2024: 46.58%Net margin, FY2025: 45.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 84.74%. Gross margin FY2022 84.13%. Gross margin FY2023 84.87%. Gross margin FY2024 86.32%. Gross margin FY2025 69.27%. Operating margin FY2021 50.90%. Operating margin FY2022 47.59%. Operating margin FY2023 50.67%. Operating margin FY2024 60.31%. Operating margin FY2025 64.50%. Net margin FY2021 42.48%. Net margin FY2022 40.09%. Net margin FY2023 40.01%. Net margin FY2024 46.58%. Net margin FY2025 45.25%.

Income trends

Revenue

1.03B USD+44.57%

Operating income

664.68M USD+54.61%

Net income

466.28M USD+40.44%
Income trends across reported periods1.11B USD793.02M USD476.43M USD159.83M USDRevenue, FY2021: 645.17M USDRevenue, FY2022: 596.19M USDRevenue, FY2023: 598.42M USDRevenue, FY2024: 712.77M USDRevenue, FY2025: 1.03B USDOperating income, FY2021: 328.39M USDOperating income, FY2022: 283.71M USDOperating income, FY2023: 303.2M USDOperating income, FY2024: 429.9M USDOperating income, FY2025: 664.68M USDNet income, FY2021: 274.04M USDNet income, FY2022: 238.98M USDNet income, FY2023: 239.44M USDNet income, FY2024: 332.02M USDNet income, FY2025: 466.28M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 645.17M USD. Revenue FY2022 596.19M USD. Revenue FY2023 598.42M USD. Revenue FY2024 712.77M USD. Revenue FY2025 1.03B USD. Operating income FY2021 328.39M USD. Operating income FY2022 283.71M USD. Operating income FY2023 303.2M USD. Operating income FY2024 429.9M USD. Operating income FY2025 664.68M USD. Net income FY2021 274.04M USD. Net income FY2022 238.98M USD. Net income FY2023 239.44M USD. Net income FY2024 332.02M USD. Net income FY2025 466.28M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.03B USD712.77M USD598.42M USD596.19M USD645.17M USD
Cost of goods sold316.61M USD97.51M USD90.52M USD94.64M USD98.47M USD
Gross profit713.86M USD615.26M USD507.9M USD501.54M USD546.7M USD
Selling, general, and administrative49.18M USD40.93M USD39.76M USD34.61M USD29.31M USD
Operating expenses49.18M USD185.36M USD204.7M USD217.83M USD218.32M USD
Interest income14.41M USD6.01M USD9.95M USD7.83M USD—
Interest expense23.4M USD9.75M USD28.4M USD10M USD−519K USD
Depreciation and amortization177.08M USD144.43M USD164.94M USD183.22M USD189.01M USD
Operating income664.68M USD429.9M USD303.2M USD283.71M USD328.39M USD
Net income466.28M USD332.02M USD239.44M USD238.98M USD274.04M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+3.91%
11 comparable reports
Latest EPS result
2.56
Estimate 2.55 · Beat by 0.39%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.242.591.951.3Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.63, estimate 1.46, surprise +11.64%, Beat. Q2 2025, reported May 7, 2025: actual 1.51, estimate 1.43, surprise +5.59%, Beat. Q3 2025, reported Aug 6, 2025: actual 1.81, estimate 1.7, surprise +6.47%, Beat. Q4 2025, reported Nov 5, 2025: actual 2.06, estimate 2.15, surprise -4.19%, Miss. Q1 2026, reported Feb 18, 2026: actual 1.92, estimate 2.59, surprise -25.87%, Miss. Q2 2026, reported May 6, 2026: actual 3.11, estimate 2.77, surprise +12.27%, Beat. Q3 2026, reported Aug 5, 2026: actual 2.56, estimate 2.55, surprise +0.39%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 2.59, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates496.54M377.21M257.89M138.56MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 202.56M USD, estimate 163.01M USD, surprise +24.26%, Beat. Q2 2025, reported May 7, 2025: actual 193.44M USD, estimate 182.17M USD, surprise +6.19%, Beat. Q3 2025, reported Aug 6, 2025: actual 209.64M USD, estimate 213.75M USD, surprise -1.92%, Miss. Q4 2025, reported Nov 5, 2025: actual 252.07M USD, estimate 254.02M USD, surprise -0.77%, Miss. Q1 2026, reported Feb 18, 2026: actual 375.32M USD, estimate 391.84M USD, surprise -4.21%, Miss. Q2 2026, reported May 6, 2026: actual 469.13M USD, estimate 471.83M USD, surprise -0.57%, Miss. Q3 2026, reported Aug 5, 2026: actual 450.5M USD, estimate 458.85M USD, surprise -1.82%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 446.86M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$301.5

16.40% upside
Past 12 months12-month forecast

Price history unavailable

High $311Average $301.5Low $280

Rating distribution

28 ratings
Strong buy00%
Buy1657%
Hold1139%
Sell14%
Strong sell00%

RGLD peers

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SOLS

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$56.16

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SSRM

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$37.77

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Aura Minerals logo

AUGO

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$87.26

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BCPC

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$181.28

—

ETFs holding RGLD

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
666.83M
Weight
0.52%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
VanEck Gold Miners ETF logoVanEck Gold Miners ETFGDX
Market value
574.64M
Weight
1.85%
AUM
31.98B USD
Expense ratio
0.51%
Price / 1D
$102.83+2.98%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
536.26M
Weight
0.02%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
386.87M
Weight
0.21%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
State Street SPDR S&P Metals & Mining ETF logoState Street SPDR S&P Metals & Mining ETFXME
Market value
230.14M
Weight
5.02%
AUM
4.58B USD
Expense ratio
0.35%
Price / 1D
$119.34+4.05%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
223.75M
Weight
0.50%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Invesco S&P MidCap Momentum ETF logoInvesco S&P MidCap Momentum ETFXMMO
Market value
221.45M
Weight
2.99%
AUM
7.45B USD
Expense ratio
0.35%
Price / 1D
$157.09+0.08%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
186.18M
Weight
0.19%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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