Zacks Investment Research·Jun 22, 2026
New Strong Sell Stocks for June 22ndWMS, AAMI and RGLD have been added to the Zacks Rank #5 (Strong Sell) List on June 22nd, 2026.
Royal Gold, Inc.(RGLD)Earnings, Financials & Key Ratios
RGLD•NASDAQ
$201.91
30.2× P/E·Price updated Jul 6, 2026
AboutRoyal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, the Company owned interests in 185 properties on five continents, including interests on 41 producing mines and 19 development stage projects. Its stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.Show more
- Revenue$1.03B+44.6%
- EBITDA$842M+46.6%
- Net Income$466M+40.4%
- EPS (Diluted)6.69+32.5%
- Gross Margin69.27%-19.7%
- EBITDA Margin81.69%+1.4%
- Operating Margin64.5%+6.9%
- Net Margin45.25%-2.9%
- ROE9.02%-18.0%
RGLD Price & Volume
Royal Gold, Inc. (RGLD) stock price & volume — 10-year historical chart
Loading chart...
Accelerating Streaming Revenue Drives Portfolio Expansion Strategy
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Concentrated anchor asset exposure
Key Thesis Takeaways
- Royal Gold has successfully transitioned into a larger, more capital-intensive streaming entity, evidenced by a total asset base expansion to $9.5 billion in 2026Q1.
- While the company demonstrates significant operating leverage with a 63.3% operating margin, investors should remain cautious regarding the concentration of anchor assets and the volatility inherent in acquisition-driven capital deployment.
- The firm's ability to maintain a conservative 0.08 debt-to-equity ratio while scaling operations suggests a disciplined approach to long-term value creation despite periodic earnings fluctuations.
Verdict Logic
while the 144.8% revenue growth in 2026Q1 is compelling, the current P/E of 31.08 and the inherent risks of concentrated anchor asset exposure warrant a cautious valuation assessment.
RGLD Growth Metrics
Royal Gold, Inc. (RGLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.22%
5 Years10.84%
3 Years20.01%
TTM72.07%
Profit CAGR
10 Years-
5 Years9.04%
3 Years24.96%
TTM59.13%
EPS CAGR
10 Years-
5 Years7.78%
3 Years22.6%
TTM38.91%
Return on Capital
10 Years8.2%
5 Years10.81%
3 Years10.82%
Last Year10.45%
RGLD Recent Earnings
Royal Gold, Inc. (RGLD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$3.11+12.3%
$2.77
Rev
$469M-0.6%
$472M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$1.92-25.9%
$2.59
Rev
$375M-4.2%
$392M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$2.06-4.2%
$2.15
Rev
$252M-0.8%
$254M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.81+6.5%
$1.70
Rev
$210M-1.9%
$214M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $3.11vs $2.77+12.3% | $469Mvs $472M-0.6% |
| Q1 2026 | Feb 18, 2026 | $1.92vs $2.59-25.9% | $375Mvs $392M-4.2% |
| Q4 2025 | Nov 5, 2025 | $2.06vs $2.15-4.2% | $252Mvs $254M-0.8% |
| Q3 2025 | Aug 6, 2025 | $1.81vs $1.70+6.5% | $210Mvs $214M-1.9% |
Based on last 12 quarters of dataView full earnings history →
Latest RGLD News
Recent stock market news and headlines for Royal Gold, Inc. (RGLD)
Seeking Alpha·Jun 17, 2026
Royal Gold, Inc. (RGLD) Presents at Renmark Financial Communications Virtual Non-Deal Roadshow Series TranscriptRoyal Gold, Inc. (RGLD) Presents at Renmark Financial Communications Virtual Non-Deal Roadshow Series Transcript
Seeking Alpha·Jun 17, 2026
Royal Gold: A Record Quarter, A Derisked Portfolio, And A Cheaper StockRoyal Gold is upgraded from Buy to Strong Buy, with the investment case strengthened by record Q1 results and an attractive valuation. RGLD posted its best quarter ever, doubling key metrics year-over-year, and enhanced its balance sheet with $1.1B in liquidity and a $2B revolver. The company derisked its portfolio by converting Hod Maden equity into a royalty, aligning with its core streaming model and reducing capital commitments.
Seeking Alpha·Jun 16, 2026
Royal Gold For A Golden Financial FortressRoyal Gold is attractively valued, offering leveraged gold exposure without the risks of physical ownership. RGLD posted Q1 2026 revenue up 142.5% YoY, driven by higher gold prices and recent acquisitions, with an 83% adjusted EBITDA margin. With a robust pipeline—79 producing properties and a strong balance sheet—RGLD is positioned for sustained growth and further acquisitions.
Peers Comparison
Key metrics vs top competitors for Royal Gold, Inc. (RGLD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $201.91 | $14.02B | 30.18 | 44.57% | 45.25% | 9.02% | 0.84% | |
| $115.24 | $52.33B | 35.03 | 83.33% | 65.55% | 21.33% | — | |
| $212.77 | $41.02B | 36.31 | 63.69% | 65.12% | 18.68% | — | |
| $30.81 | $5.78B | 27.76 | 47.52% | 78.1% | 16.55% | — | |
| $98.20 | $108.81B | 15.32 | 19.08% | 30.54% | 15.58% | — | |
| $154.94 | $77.48B | 17.49 | 43.71% | 39.46% | 22.02% | — |
Compare RGLD vs Peers
Royal Gold, Inc. (RGLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RGLD SEC Filings & Documents
Royal Gold, Inc. (RGLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Mar 31, 2026·SEC
Material company update
Feb 18, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
6Get notified when RGLD posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
RGLD Frequently Asked Questions
Royal Gold, Inc. (RGLD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Royal Gold, Inc.'s revenue?
Royal Gold, Inc. (RGLD) reported $1.31B in revenue for fiscal year 2025. This represents a 15829% increase from $8.2M in 1996.
How fast is Royal Gold, Inc. growing?
Royal Gold, Inc. (RGLD) grew revenue by 44.6% over the past year. This is strong growth.
Is RGLD profitable?
Yes, Royal Gold, Inc. (RGLD) is profitable, generating $633.9M in net income for fiscal year 2025 (45.2% net margin).
Dividend & Returns
Does RGLD pay dividends?
Yes, Royal Gold, Inc. (RGLD) pays a dividend with a yield of 0.84%. This makes it attractive for income-focused investors.
What is RGLD's return on equity?
Royal Gold, Inc. (RGLD) has a return on equity (ROE) of 9.0%. This is below average, suggesting room for improvement.
What is Royal Gold, Inc.'s free cash flow?
Royal Gold, Inc. (RGLD) had negative free cash flow of $244.2M in fiscal year 2025, likely due to heavy capital investments.