RGLD Stock Analysis: Royal Gold | NASDAQ
Gold | NASDAQ, USA | Market Cap: 21.382m USD | 12M Return: 50.6% | US7802871084 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 177M
EPS Trend: 98.8%
Qual. Beats: 0
Rev. Trend: 92.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Royal Gold, Inc. is a precious metals streaming and royalty company that acquires and manages interests in mining projects worldwide, operating across North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific region. The company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. It generates exposure to a broad range of commodities-including gold, silver, copper, nickel, zinc, cobalt, lithium, uranium, and others-by purchasing existing stream and royalty interests or by financing production, development, and exploration-stage projects in exchange for future streams or royalties.
Founded in 1981 and headquartered in Denver, Colorado, Royal Gold holds interests in properties across more than a dozen countries, including Canada, the United States, Chile, the Dominican Republic, Zambia, Australia, Ghana, Brazil, Mexico, Bolivia, and Argentina. As a streaming and royalty company, Royal Gold uses a capital-light business model: it provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at fixed prices (streams) or to receive a percentage of revenue from production (royalties), without taking on the operational and capital expenditures associated with mine ownership. This model typically offers higher operating margins and reduced direct commodity-price exposure compared to traditional mining companies.
- Gold price rally expands stream margins and revenue
- Royalty and stream acquisition pace drives production growth
- Output from key mines like Mount Milligan impacts deliveries
| Net Income: 738.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -9.67 > 1.0 |
| NWC/Revenue: 15.74% < 20% (prev 33.40%; Δ -17.66% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.04b > Net Income 738.0m |
| Net Debt (213.4m) to EBITDA (1.21b): 0.18 < 3 |
| Current Ratio: 2.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.1m) vs 12m ago 29.22% < -2% |
| Gross Margin: 66.79% > 18% (prev 78.72%; Δ -11.93% > 0.5%) |
| Asset Turnover: 23.76% > 50% (prev 22.29%; Δ 1.47% > 0%) |
| Interest Coverage Ratio: 20.60 > 6 (EBIT TTM 905.6m / Interest Expense TTM 44.0m) |
| A: 0.03 (Total Current Assets 370.0m - Total Current Liabilities 126.5m) / Total Assets 9.45b |
| B: 0.18 (Retained Earnings 1.66b / Total Assets 9.45b) |
| C: 0.14 (EBIT TTM 905.6m / Avg Total Assets 6.51b) |
| D: 4.18 (Book Value of Equity 7.59b / Total Liabilities 1.82b) |
| Altman-Z'' = 6.07 = AAA |
| DSRI: 0.99 (Receivables 151.2m/78.6m, Revenue 1.55b/796.2m) |
| GMI: 1.18 (GM 78.72% / 66.79%) |
| AQI: 2.04 (AQ_t 0.05 / AQ_t-1 0.02) |
| SGI: 1.94 (Revenue 1.55b / 796.2m) |
| TATA: -0.03 (NI 738.0m - CFO 1.04b) / TA 9.45b) |
| Beneish M = -1.58 (Cap -4..+1) = CCC |
As of August 30, 2026, the stock is trading at USD 262.85 with a total of 677,262 shares traded. Over the past week, the price has changed by +1.48%, over one month by +34.00%, over three months by +18.32% and over the past year by +50.61%.
Current recommended Stop Loss: 243.00 (which is 7.6% or 2.7 ATR below the current price).
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 | 302.7 | 15.1% |
P/E Trailing = 27.4603
P/E Forward = 23.0415
P/S = 13.9234
P/B = 2.7711
P/EG = 1.0553
Revenue TTM = 1.55b USD
EBIT TTM = 905.6m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 395.9m USD (from longTermDebt, last quarter)
Short Term Debt = 4.25m USD (from shortTermDebt, last fiscal year)
Debt = 395.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 213.4m USD (calculated: Debt 395.9m - CCE 182.5m)
Enterprise Value = 21.6b USD (21.4b + Debt 395.9m - CCE 182.5m)
Interest Coverage Ratio = 20.60 (Ebit TTM 905.6m / Interest Expense TTM 44.0m)
EV/FCF = 1000.0x (Enterprise Value 21.6b / FCF TTM 585k)
FCF Yield = 0.00% (FCF TTM 585k / Enterprise Value 21.6b)
FCF Margin = 0.04% (FCF TTM 585k / Revenue TTM 1.55b)
Net Margin = 47.70% (Net Income TTM 738.0m / Revenue TTM 1.55b)
Gross Margin = 66.79% ((Revenue TTM 1.55b - Cost of Revenue TTM 513.8m) / Revenue TTM)
Gross Margin QoQ = 64.61% (prev 67.07%)
Tobins Q-Ratio = 2.29 (Enterprise Value 21.6b / Total Assets 9.45b)
Interest Expense / Debt = 11.10% (Interest Expense 44.0m / Debt 395.9m)
Taxrate = 18.14% (165.0m / 909.8m)
NOPAT = 741.3m (EBIT 905.6m * (1 - 18.14%))
Current Ratio = 2.92 (Total Current Assets 370.0m / Total Current Liabilities 126.5m)
Debt / Equity = 0.05 (Debt 395.9m / totalStockholderEquity, last quarter 7.59b)
Debt / EBITDA = 0.18 (Net Debt 213.4m / EBITDA 1.21b)
Debt / FCF = 364.8 (Net Debt 213.4m / FCF TTM 585k)
Total Stockholder Equity = 6.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.33% (Net Income 738.0m / Total Assets 9.45b)
RoE = 11.55% (Net Income TTM 738.0m / Total Stockholder Equity 6.39b)
RoCE = 13.34% (EBIT 905.6m / Capital Employed (Equity 6.39b + L.T.Debt 395.9m))
RoIC = 8.01% (NOPAT 741.3m / Invested Capital 9.25b)
WACC = 7.56% (E(21.4b)/V(21.8b) * Re(7.53%) + D(395.9m)/V(21.8b) * Rd(11.10%) * (1-Tc(0.18)))
Discount Rate = 7.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 81.03 | Cagr: 12.13%
[DCF] Terminal Value 73.10% ; FCFF base≈138.6m ; Y1≈121.5m ; Y5≈98.2m
[DCF] Fair Price = 16.08 (EV 1.58b - Net Debt 213.4m = Equity 1.36b / Shares 84.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.81 | EPS CAGR: 47.48% | SUE: -0.19 | # QB: 0
Revenue Correlation: 92.80 | Revenue CAGR: 39.03% | SUE: -0.17 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.57 | Chg30d=-3.82% | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=10.52 | Chg30d=-2.51% | Revisions=-55% | GrowthEPS=+43.6% | GrowthRev=+82.1%
EPS next Year (2027-12-31): EPS=12.91 | Chg30d=-3.03% | Revisions=-15% | GrowthEPS=+22.7% | GrowthRev=+18.9%
[Analyst] Revisions Ratio: -35% (up=6, down=14)