Symbols / RGLD Stock $217.23 -0.29% Royal Gold, Inc.

Basic Materials • Gold • United States • NMS
RGLD (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Gold
CEO Mr. William H. Heissenbuttel
Exch · Country NMS · United States
Market Cap 18.44B
Enterprise Value 18.90B
Income 633.91M
Sales 1.30B
FCF (ttm) -409.44M
Book/sh 84.70
Cash/sh 2.76
Employees 39
Insider 10d —
IPO Jun 09, 1981
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 22.37%
P/E 26.24
Forward P/E 15.76
PEG 1.06
P/S 14.22
P/B 2.56
P/C —
EV/EBITDA 17.60
EV/Sales 14.58
Quick Ratio 3.22
Current Ratio 3.52
Debt/Eq 7.98
LT Debt/Eq —
EPS (ttm) 8.28
EPS next Y 13.78
EPS Growth 91.90%
Revenue Growth 143.00%
EPS Gr Q/Q 147.70%
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA 8.10%
ROE 11.98%
ROIC —
Gross Margin 87.13%
Oper. Margin 63.78%
Profit Margin 48.91%
Shs Outstand 84.87M
Shs Float 84.56M
Insider Own 0.27%
Instit Own 85.24%
Short Float 3.31%
Short Ratio 3.07
Short Interest 2.47M
52W High 306.25
vs 52W High -29.07%
52W Low 150.75
vs 52W Low 44.10%
Beta 0.44
Impl. Vol. 47.74%
Rel Volume 0.24
Avg Volume 964.65K
Volume 226.76K
Target (mean) $331.67
Tgt Median $335.50
Tgt Low $246.00
Tgt High $375.00
# Analysts 12
Recom Buy
Prev Close $217.86
Price $217.23
Change -0.29%
About

Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The company engages in the acquisition of existing stream and royalty interests; and the financing of projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which consists of gold, silver, copper, nickel, zinc, lead, molybdenum, diamonds, uranium, iron, platinum, palladium, rhodium, lithium, titanium, cobalt, barite, tungsten, and coal. Its properties are located in Canada, Chile, the Dominican Republic, the United States, Zambia, Australia, Ghana, Brazil, Mexico, Bolivia, Argentina, Nicaragua, Macedonia, Botswana, Spain, and internationally. Royal Gold, Inc. was incorporated in 1981 and is based in Denver, Colorado.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$331.67
Mean price target
2. Current target
$217.23
Latest analyst target
3. DCF / Fair value
$-86.84
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$217.23
Low
$246.00
High
$375.00
Mean
$331.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-15 init UBS — → Buy $325
2026-01-26 down Scotiabank Sector Outperform → Sector Perform $335
2025-11-18 main TD Cowen Buy → Buy $263
2025-10-23 main Scotiabank Sector Outperform → Sector Outperform $246
2025-10-16 main B of A Securities Underperform → Underperform $203
2025-10-10 main CIBC Neutral → Neutral $250
2025-05-22 main BMO Capital Market Perform → Market Perform $197
2025-05-08 main CIBC Neutral → Neutral $215
2025-04-14 up Scotiabank Sector Perform → Sector Outperform $189
2025-04-04 main Raymond James Outperform → Outperform $200
2025-04-04 main RBC Capital Outperform → Outperform $170
2025-01-07 up Jefferies Hold → Buy $178
2024-11-11 main Raymond James Outperformer → Outperform $186
2024-10-04 main Jefferies Hold → Hold $154
2024-08-19 main Scotiabank Sector Perform → Sector Perform $157
2024-08-09 main Raymond James Outperform → Outperformer $170
2024-07-12 main Jefferies Hold → Hold $141
2024-07-10 main CIBC Neutral → Neutral $175
2024-07-10 main BMO Capital Outperform → Outperform $170
2024-06-26 main B of A Securities Underperform → Underperform $131
News
RSS: Latest RGLD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-11 SHEFMAN RANDY General Counsel — 1,000 $243.74 $243,740
2026-03-12 ISTO MARK EDWARD Director — 2,000 $274.83 $549,660
2026-03-11 CRANDALL DAVID R Chief Operating Officer — 150 $0.00 $0
2026-03-04 LIBNER PAUL K Chief Financial Officer — 3,200 $280.20 $907,119
2026-03-02 BREEZE DANIEL Officer — 1,400 $299.73 $421,211
2026-02-26 HEISSENBUTTEL WILLIAM HOLMES Chief Executive Officer — 4,892 $0.00 $0
2026-02-26 HAYES WILLIAM MICHAEL Director — 561 $0.00 $0
2026-02-26 BREEZE DANIEL Officer — 2,131 $0.00 $0
2026-02-26 LIBNER PAUL K Chief Financial Officer — 1,952 $0.00 $0
2026-02-26 SHEFMAN RANDY General Counsel — 1,897 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,030.47
+43.24%
719.39
+18.77%
605.72
+0.42%
603.21
Operating Revenue
1,030.47
+43.24%
719.39
+18.77%
605.72
+0.42%
603.21
Cost Of Revenue
316.61
+27.38%
248.56
-5.40%
262.75
-6.36%
280.60
Reconciled Cost Of Revenue
316.61
+27.38%
248.56
-5.40%
262.75
-6.36%
280.60
Gross Profit
713.86
+51.62%
470.83
+37.28%
342.96
+6.31%
322.61
Operating Expense
49.18
+20.15%
40.93
+2.95%
39.76
+14.88%
34.61
Selling General And Administration
49.18
+20.15%
40.93
+2.95%
39.76
+14.88%
34.61
General And Administrative Expense
49.18
+20.15%
40.93
+2.95%
39.76
+14.88%
34.61
Other Gand A
49.18
+20.15%
40.93
+2.95%
39.76
+14.88%
34.61
Other Operating Expenses
—
—
—
—
Total Expenses
365.80
+26.36%
289.50
-4.30%
302.51
-4.03%
315.21
Operating Income
664.67
+54.61%
429.90
+41.79%
303.20
+5.28%
288.00
Total Operating Income As Reported
638.17
+48.45%
429.90
+41.79%
303.20
+6.87%
283.71
EBITDA
779.97
+34.42%
580.27
+21.41%
477.94
+1.91%
468.97
Normalized EBITDA
856.17
+47.53%
580.33
+21.39%
478.09
+0.70%
474.76
Reconciled Depreciation
177.08
+22.61%
144.43
-12.44%
164.94
-7.82%
178.94
EBIT
602.89
+38.33%
435.84
+39.24%
313.01
+7.92%
290.04
Total Unusual Items
-76.20
-115351.52%
-0.07
+55.10%
-0.15
+97.46%
-5.79
Total Unusual Items Excluding Goodwill
-76.20
-115351.52%
-0.07
+55.10%
-0.15
+97.46%
-5.79
Special Income Charges
-26.51
0.00
0.00
+100.00%
-4.29
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
4.29
Restructuring And Mergern Acquisition
26.51
0.00
0.00
—
Net Income
466.28
+40.44%
332.02
+38.67%
239.44
+0.19%
238.98
Pretax Income
573.87
+34.68%
426.09
+51.02%
282.14
+3.40%
272.87
Net Non Operating Interest Income Expense
-14.61
-290.56%
-3.74
+82.11%
-20.91
-123.98%
-9.34
Interest Expense Non Operating
29.02
+197.69%
9.75
-68.42%
30.87
+79.77%
17.17
Net Interest Income
-14.61
-290.56%
-3.74
+82.11%
-20.91
-123.98%
-9.34
Interest Expense
29.02
+197.69%
9.75
-68.42%
30.87
+79.77%
17.17
Interest Income Non Operating
14.41
+139.86%
6.01
-39.63%
9.95
+27.07%
7.83
Interest Income
14.41
+139.86%
6.01
-39.63%
9.95
+27.07%
7.83
Other Income Expense
-76.20
-115351.52%
-0.07
+55.10%
-0.15
+97.46%
-5.79
Gain On Sale Of Security
-49.69
-75187.88%
-0.07
+55.10%
-0.15
+90.22%
-1.50
Gain On Sale Of Business
—
—
0.00
0.00
Tax Provision
102.29
+9.27%
93.61
+122.85%
42.01
+27.58%
32.93
Tax Rate For Calcs
0.00
-18.87%
0.00
+47.45%
0.00
+23.14%
0.00
Tax Effect Of Unusual Items
-13.58
-93567.63%
-0.01
+33.80%
-0.02
+96.87%
-0.70
Net Income Including Noncontrolling Interests
471.58
+41.84%
332.48
+38.46%
240.13
+0.08%
239.94
Net Income From Continuing Operation Net Minority Interest
466.28
+40.44%
332.02
+38.67%
239.44
+0.19%
238.98
Net Income From Continuing And Discontinued Operation
466.28
+40.44%
332.02
+38.67%
239.44
+0.19%
238.98
Net Income Continuous Operations
471.58
+41.84%
332.48
+38.46%
240.13
+0.08%
239.94
Minority Interests
-5.29
-1061.18%
-0.46
+34.10%
-0.69
+27.92%
-0.96
Normalized Income
528.90
+59.27%
332.07
+38.62%
239.57
-1.85%
244.07
Net Income Common Stockholders
466.28
+40.44%
332.02
+38.67%
239.44
+0.19%
238.98
Diluted EPS
6.69
+32.74%
5.04
+38.84%
3.63
+0.00%
3.63
Basic EPS
6.70
+32.94%
5.04
+38.46%
3.64
+0.00%
3.64
Basic Average Shares
69.42
+5.73%
65.66
+0.07%
65.61
+0.05%
65.58
Diluted Average Shares
69.56
+5.75%
65.78
+0.06%
65.74
+0.12%
65.66
Diluted NI Availto Com Stockholders
466.28
+40.44%
332.02
+38.67%
239.44
+0.19%
238.98
Line Item Trend 2023-12-31
Total Assets
3,361.06
Current Assets
167.43
Cash Cash Equivalents And Short Term Investments
104.17
Cash And Cash Equivalents
104.17
Receivables
51.56
Accounts Receivable
48.88
Taxes Receivable
2.68
Inventory
9.79
Prepaid Assets
—
Other Current Assets
1.91
Total Non Current Assets
3,193.63
Net PPE
3,075.57
Gross PPE
4,874.19
Accumulated Depreciation
-1,798.62
Investments And Advances
—
Long Term Equity Investment
—
Other Non Current Assets
118.06
Total Liabilities Net Minority Interest
460.42
Current Liabilities
72.42
Payables And Accrued Expenses
53.29
Payables
53.29
Accounts Payable
11.44
Dividends Payable
26.29
Total Tax Payable
15.56
Income Tax Payable
15.56
Other Current Liabilities
19.13
Total Non Current Liabilities Net Minority Interest
387.99
Long Term Debt And Capital Lease Obligation
245.97
Long Term Debt
245.97
Non Current Deferred Liabilities
134.30
Non Current Deferred Taxes Liabilities
134.30
Other Non Current Liabilities
7.73
Stockholders Equity
2,888.22
Common Stock Equity
2,888.22
Capital Stock
0.66
Common Stock
0.66
Preferred Stock
0.00
Share Issued
65.63
Ordinary Shares Number
65.63
Treasury Shares Number
0.00
Additional Paid In Capital
2,221.04
Retained Earnings
666.52
Gains Losses Not Affecting Retained Earnings
—
Minority Interest
12.42
Total Equity Gross Minority Interest
2,900.64
Total Capitalization
3,134.18
Working Capital
95.00
Invested Capital
3,134.18
Total Debt
245.97
Net Debt
141.80
Net Tangible Assets
2,888.22
Tangible Book Value
2,888.22
Available For Sale Securities
—
Investmentin Financial Assets
—
Preferred Shares Number
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
704.85
+33.11%
529.50
+27.35%
415.79
-0.37%
417.35
Cash Flow From Continuing Operating Activities
704.85
+33.11%
529.50
+27.35%
415.79
-0.37%
417.35
Net Income From Continuing Operations
471.58
+41.84%
332.48
+38.46%
240.13
+0.08%
239.94
Depreciation Amortization Depletion
177.08
+22.61%
144.43
-12.44%
164.94
-7.82%
178.94
Other Non Cash Items
-5.30
-661.06%
0.94
+21.31%
0.78
-20.43%
0.98
Stock Based Compensation
11.80
-0.73%
11.89
+22.65%
9.70
+15.28%
8.41
Asset Impairment Charge
—
0.00
0.00
-100.00%
4.29
Deferred Tax
-3.93
-147.00%
8.35
+229.14%
-6.47
+67.39%
-19.84
Deferred Income Tax
-3.93
-147.00%
8.35
+229.14%
-6.47
+67.39%
-19.84
Operating Gains Losses
50.02
—
—
—
Gain Loss On Investment Securities
50.02
—
—
—
Unrealized Gain Loss On Investment Securities
-0.33
-595.45%
0.07
-55.10%
0.15
-90.22%
1.50
Change In Working Capital
3.92
-87.49%
31.34
+377.03%
6.57
+110.31%
3.12
Change In Receivables
-19.09
-46.42%
-13.04
-1531.39%
0.91
-86.05%
6.53
Changes In Account Receivables
—
—
—
4.68
Change In Inventory
-11.74
-268.49%
-3.19
-211.09%
2.87
+373.40%
-1.05
Change In Prepaid Assets
1.33
-88.05%
11.17
+355.62%
-4.37
-11.80%
-3.91
Change In Payables And Accrued Expense
-26.07
-1646.48%
-1.49
-135.15%
4.25
+252.04%
-2.79
Change In Payable
-26.07
-1646.48%
-1.49
-135.15%
4.25
+252.04%
-2.79
Change In Account Payable
-36.84
-304.21%
-9.11
-291.61%
4.76
+2154.03%
0.21
Change In Other Working Capital
44.21
+76.84%
25.00
—
—
Change In Other Current Liabilities
15.28
+18.55%
12.89
+342.72%
2.91
-32.95%
4.34
Investing Cash Flow
-1,418.56
-1726.16%
-77.68
-2645.85%
-2.83
+99.69%
-922.88
Cash Flow From Continuing Investing Activities
-1,418.56
-1726.16%
-77.68
-2645.85%
-2.83
+99.69%
-922.88
Net PPE Purchase And Sale
-1,164.75
-1035.64%
-102.56
-3729.87%
-2.68
+99.71%
-922.15
Purchase Of PPE
-1,164.75
-1035.64%
-102.56
-3729.87%
-2.68
+99.71%
-922.15
Capital Expenditure
-1,164.75
-1035.64%
-102.56
-3729.87%
-2.68
+99.71%
-922.15
Net Investment Purchase And Sale
158.89
0.00
0.00
0.00
Sale Of Investment
158.89
0.00
0.00
0.00
Net Business Purchase And Sale
-420.67
0.00
0.00
0.00
Purchase Of Business
-420.67
0.00
0.00
—
Gain Loss On Sale Of Business
—
—
0.00
0.00
Net Other Investing Changes
7.98
-67.93%
24.88
+16579.47%
-0.15
+79.06%
-0.72
Financing Cash Flow
751.93
+308.59%
-360.49
+15.65%
-427.38
-188.93%
480.57
Cash Flow From Continuing Financing Activities
751.93
+308.59%
-360.49
+15.65%
-427.38
-188.93%
480.57
Net Issuance Payments Of Debt
900.00
+460.00%
-250.00
+23.08%
-325.00
-156.52%
575.00
Issuance Of Debt
1,275.00
0.00
0.00
-100.00%
700.00
Repayment Of Debt
-375.00
-50.00%
-250.00
+23.08%
-325.00
-160.00%
-125.00
Long Term Debt Issuance
1,275.00
0.00
0.00
-100.00%
700.00
Long Term Debt Payments
-375.00
-50.00%
-250.00
+23.08%
-325.00
-160.00%
-125.00
Net Long Term Debt Issuance
900.00
+460.00%
-250.00
+23.08%
-325.00
-156.52%
575.00
Short Term Debt Issuance
—
—
0.00
-100.00%
700.00
Short Term Debt Payments
—
—
-325.00
-160.00%
-125.00
Net Short Term Debt Issuance
—
—
-325.00
-146.43%
700.00
Net Common Stock Issuance
-5.03
-8.92%
-4.62
-234.06%
-1.38
+4.42%
-1.45
Common Stock Payments
-5.03
-8.92%
-4.62
-234.06%
-1.38
+4.42%
-1.45
Common Stock Dividend Paid
-118.53
-12.63%
-105.24
-6.77%
-98.57
-7.23%
-91.92
Cash Dividends Paid
-118.53
-12.63%
-105.24
-6.77%
-98.57
-7.23%
-91.92
Repurchase Of Capital Stock
-5.03
-8.92%
-4.62
-234.06%
-1.38
+4.42%
-1.45
Proceeds From Stock Option Exercised
-13.60
0.00
0.00
—
Net Other Financing Charges
-10.91
-1618.11%
-0.64
+73.89%
-2.43
-129.00%
-1.06
Changes In Cash
38.22
-58.15%
91.33
+733.41%
-14.42
+42.24%
-24.96
Beginning Cash Position
195.50
+87.68%
104.17
-12.16%
118.59
-17.39%
143.55
End Cash Position
233.72
+19.55%
195.50
+87.68%
104.17
-12.16%
118.59
Free Cash Flow
-459.91
-207.72%
426.94
+3.35%
413.11
+181.84%
-504.81
Interest Paid Supplemental Data
19.48
+195.53%
6.59
-76.50%
28.05
+288.67%
7.22
Income Tax Paid Supplemental Data
95.35
+32.23%
72.11
+43.35%
50.30
-8.21%
54.80
Change In Income Tax Payable
10.76
+41.22%
7.62
+1600.00%
-0.51
+83.09%
-3.00
Change In Tax Payable
10.76
+41.22%
7.62
+1600.00%
-0.51
+83.09%
-3.00
Sale Of Business
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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