(RGLD) Royal Gold - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NASDAQ (USA) | Market Cap: 18.695m USD | Total Return: 25.9% in 12m
Avg Turnover: 155M
EPS Trend: 97.6%
Qual. Beats: 0
Rev. Trend: 90.6%
Qual. Beats: 0
Warnings
Share dilution 29.2% YoY
Beneish M-Score -1.19 > -1.5 - likely earnings manipulation
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Royal Gold, Inc. (RGLD) is a Denver-based firm specializing in the acquisition and management of precious metal streams and royalties. The company operates globally, providing upfront capital to mining projects in exchange for the right to purchase metals at a fixed price or to receive a percentage of production revenue. Its portfolio includes interests in gold, silver, copper, and various industrial metals across North America, South America, Europe, Africa, and Australia.
The royalty and streaming business model allows for exposure to commodity price increases and exploration upside without the direct operational risks or capital expenditure requirements associated with physical mining. Unlike traditional miners, these firms maintain high margins by avoiding the direct costs of labor, fuel, and equipment maintenance. For a deeper look at how these fundamentals compare to industry peers, readers may find further utility in ValueRay. Royal Gold remains a key player in the precious metals sector, providing financing to projects ranging from early-stage exploration to active production.
- Gold and silver price fluctuations directly impact quarterly revenue and cash flow
- Fixed cost royalty structure provides significant protection against rising mining sector inflation
- Production performance at key assets like Mount Milligan and Cortez drives volume
- Geopolitical instability in emerging markets threatens production stability for underlying mine operators
- Interest rate shifts influence investor demand for precious metal streaming business models
| Net Income: 633.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -13.21 > 1.0 |
| NWC/Revenue: 22.60% < 20% (prev 32.90%; Δ -10.30% < -1%) |
| CFO/TA 0.09 > 3% & CFO 862.0m > Net Income 633.9m |
| Net Debt (361.5m) to EBITDA (1.00b): 0.36 < 3 |
| Current Ratio: 3.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.0m) vs 12m ago 29.22% < -2% |
| Gross Margin: 68.47% > 18% (prev 0.82%; Δ 6.76k% > 0.5%) |
| Asset Turnover: 20.18% > 50% (prev 21.95%; Δ -1.77% > 0%) |
| Interest Coverage Ratio: 21.68 > 6 (EBITDA TTM 1.00b / Interest Expense TTM 35.5m) |
| A: 0.03 (Total Current Assets 412.3m - Total Current Liabilities 117.1m) / Total Assets 9.49b |
| B: 0.15 (Retained Earnings 1.47b / Total Assets 9.49b) |
| C: 0.12 (EBIT TTM 769.2m / Avg Total Assets 6.47b) |
| D: 0.72 (Book Value of Equity 1.47b / Total Liabilities 2.03b) |
| Altman-Z'' = 2.27 = BBB |
| DSRI: 1.41 (Receivables 142.9m/59.1m, Revenue 1.31b/759.1m) |
| GMI: 1.20 (GM 68.47% / 82.07%) |
| AQI: 2.39 (AQ_t 0.06 / AQ_t-1 0.02) |
| SGI: 1.72 (Revenue 1.31b / 759.1m) |
| TATA: -0.02 (NI 633.9m - CFO 862.0m) / TA 9.49b) |
| Beneish M = -1.19 (Cap -4..+1) = D |
As of May 29, 2026, the stock is trading at USD 222.68 with a total of 650,043 shares traded.
Over the past week, the price has changed by -0.18%,
over one month by -6.01%,
over three months by -25.59% and
over the past year by +25.86%.
Royal Gold has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy RGLD.
- StrongBuy: 4
- Buy: 4
- Hold: 2
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 336.1 | 50.9% |
P/E Trailing = 26.6695
P/E Forward = 17.452
P/S = 14.4251
P/B = 2.5446
P/EG = 1.0553
Revenue TTM = 1.31b USD
EBIT TTM = 769.2m USD
EBITDA TTM = 1.00b USD
Long Term Debt = 595.7m USD (from longTermDebt, last quarter)
Short Term Debt = 4.25m USD (from shortTermDebt, last fiscal year)
Debt = 595.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 361.5m USD (calculated: Debt 595.7m - CCE 234.1m)
Enterprise Value = 19.1b USD (18.7b + Debt 595.7m - CCE 234.1m)
Interest Coverage Ratio = 21.68 (Ebit TTM 769.2m / Interest Expense TTM 35.5m)
EV/FCF = -78.04x (Enterprise Value 19.1b / FCF TTM -244.2m)
FCF Yield = -1.28% (FCF TTM -244.2m / Enterprise Value 19.1b)
FCF Margin = -18.70% (FCF TTM -244.2m / Revenue TTM 1.31b)
Net Margin = 48.53% (Net Income TTM 633.9m / Revenue TTM 1.31b)
Gross Margin = 68.47% ((Revenue TTM 1.31b - Cost of Revenue TTM 411.9m) / Revenue TTM)
Gross Margin QoQ = 67.07% (prev 64.54%)
Tobins Q-Ratio = 2.01 (Enterprise Value 19.1b / Total Assets 9.49b)
Interest Expense / Debt = 5.96% (Interest Expense 35.5m / Debt 595.7m)
Taxrate = 8.27% (25.4m / 307.1m)
NOPAT = 705.6m (EBIT 769.2m * (1 - 8.27%))
Current Ratio = 3.52 (Total Current Assets 412.3m / Total Current Liabilities 117.1m)
Debt / Equity = 0.08 (Debt 595.7m / totalStockholderEquity, last quarter 7.42b)
Debt / EBITDA = 0.36 (Net Debt 361.5m / EBITDA 1.00b)
Debt / FCF = -1.48 (negative FCF - burning cash) (Net Debt 361.5m / FCF TTM -244.2m)
Total Stockholder Equity = 5.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.79% (Net Income 633.9m / Total Assets 9.49b)
RoE = 11.91% (Net Income TTM 633.9m / Total Stockholder Equity 5.32b)
RoCE = 13.00% (EBIT 769.2m / Capital Employed (Equity 5.32b + L.T.Debt 595.7m))
RoIC = 7.56% (NOPAT 705.6m / Invested Capital 9.34b)
WACC = 7.09% (E(18.7b)/V(19.3b) * Re(7.14%) + D(595.7m)/V(19.3b) * Rd(5.96%) * (1-Tc(0.08)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 12.12%
[DCF] Fair Price = unknown (Cash Flow -244.2m)
EPS Correlation: 97.62 | EPS CAGR: 43.19% | SUE: 0.57 | # QB: 0
Revenue Correlation: 90.63 | Revenue CAGR: 28.68% | SUE: -0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.63 | Chg30d=-9.58% | Revisions=+0% | Analysts=5
EPS next Quarter (2026-09-30): EPS=2.85 | Chg30d=-10.17% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=11.60 | Chg30d=-6.17% | Revisions=-33% | GrowthEPS=+58.3% | GrowthRev=+87.6%
EPS next Year (2027-12-31): EPS=13.57 | Chg30d=+1.46% | Revisions=-33% | GrowthEPS=+17.0% | GrowthRev=+16.9%
[Analyst] Revisions Ratio: -33%