RGLD Stock Analysis: Royal Gold | NASDAQ
Gold | NASDAQ, USA | Market Cap: 16.870m USD | 12M Return: 22.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 156M
EPS Trend: 97.6%
Qual. Beats: 0
Rev. Trend: 90.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 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 (1.03b): 0.35 < 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 82.07%; Δ -13.60% > 0.5%) |
| Asset Turnover: 20.18% > 50% (prev 21.95%; Δ -1.77% > 0%) |
| Interest Coverage Ratio: 22.33 > 6 (EBIT TTM 792.5m / 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 792.5m / Avg Total Assets 6.47b) |
| D: 3.66 (Book Value of Equity 7.42b / Total Liabilities 2.03b) |
| Altman-Z'' = 5.37 = AAA |
| DSRI: 1.41 (Receivables 142.9m/59.1m, Revenue 1.31b/759.1m) |
| GMI: 1.20 (GM 82.07% / 68.47%) |
| 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 = -1.17 (Cap -4..+1) = D |
As of July 14, 2026, the stock is trading at USD 193.47 with a total of 842,748 shares traded. Over the past week, the price has changed by -4.18%, over one month by -10.02%, over three months by -26.67% and over the past year by +22.10%.
Current recommended Stop Loss: 182.70 (which is 5.6% or 1.4 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 | 318.7 | 64.7% |
P/E Trailing = 23.1949
P/E Forward = 14.9925
P/S = 13.0166
P/B = 2.1967
P/EG = 1.0553
Revenue TTM = 1.31b USD
EBIT TTM = 792.5m USD
EBITDA TTM = 1.03b 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 = 17.2b USD (16.9b + Debt 595.7m - CCE 234.1m)
Interest Coverage Ratio = 22.33 (Ebit TTM 792.5m / Interest Expense TTM 35.5m)
EV/FCF = -70.49x (Enterprise Value 17.2b / FCF TTM -244.5m)
FCF Yield = -1.42% (FCF TTM -244.5m / Enterprise Value 17.2b)
FCF Margin = -18.72% (FCF TTM -244.5m / 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 = 1.82 (Enterprise Value 17.2b / Total Assets 9.49b)
Interest Expense / Debt = 5.96% (Interest Expense 35.5m / Debt 595.7m)
Taxrate = 15.50% (117.3m / 757.0m)
NOPAT = 669.7m (EBIT 792.5m * (1 - 15.50%))
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 = 0.35 (Net Debt 361.5m / EBITDA 1.03b)
Debt / FCF = -1.48 (negative FCF - burning cash) (Net Debt 361.5m / FCF TTM -244.5m)
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 = 13.39% (EBIT 792.5m / Capital Employed (Equity 5.32b + L.T.Debt 595.7m))
RoIC = 7.19% (NOPAT 669.7m / Invested Capital 9.31b)
WACC = 7.66% (E(16.9b)/V(17.5b) * Re(7.75%) + D(595.7m)/V(17.5b) * Rd(5.96%) * (1-Tc(0.15)))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 12.12%
[DCF] Fair Price = unknown (Cash Flow -244.5m)
EPS Correlation: 97.62 | EPS CAGR: 43.19% | SUE: -0.10 | # QB: 0
Revenue Correlation: 90.63 | Revenue CAGR: 28.68% | SUE: -0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.66 | Chg30d=-2.62% | Revisions=-40% | Analysts=7
EPS next Quarter (2026-09-30): EPS=2.67 | Chg30d=-9.75% | Revisions=-40% | Analysts=7
EPS current Year (2026-12-31): EPS=10.93 | Chg30d=-3.80% | Revisions=-31% | GrowthEPS=+49.1% | GrowthRev=+81.5%
EPS next Year (2027-12-31): EPS=13.20 | Chg30d=-1.76% | Revisions=+30% | GrowthEPS=+20.8% | GrowthRev=+20.0%
[Analyst] Revisions Ratio: -21% (up=8, down=13)