RGLD Chart
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.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Gold Market Cap 23.89B
Enterprise Value 18.34B Income 274.04M Sales 645.17M
Book/sh 39.48 Cash/sh 2.19 Dividend Yield 67.00%
Payout 27.28% Employees 39 IPO
P/E 42.17 Forward P/E 20.03 PEG
P/S 37.03 P/B 7.13 P/C
EV/EBITDA 35.45 EV/Sales 28.43 Quick Ratio 3.30
Current Ratio 3.52 Debt/Eq 0.26 LT Debt/Eq
EPS (ttm) 6.68 EPS next Y 14.06 EPS Growth 14.20%
Revenue Growth 5.90% Earnings 2026-05-06 ROA 7.43%
ROE 10.98% ROIC Gross Margin 84.74%
Oper. Margin 50.53% Profit Margin 42.48% Shs Outstand 84.81M
Shs Float 65.29M Short Float 3.71% Short Ratio 2.27
Short Interest 52W High 306.25 52W Low 150.75
Beta 0.65 Avg Volume 999.99K Volume 705.72K
Target Price $328.82 Recom Buy Prev Close $281.86
Price $281.69 Change -0.06%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$328.82
Mean price target
2. Current target
$281.69
Latest analyst target
3. DCF / Fair value
$-0.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$281.69
Low
$278.00
High
$372.00
Mean
$328.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2024-05-23 main Scotiabank Sector Perform → Sector Perform $148
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3200 907119 Sale at price 280.20 - 285.84 per share. LIBNER PAUL K Chief Financial Officer 2026-03-04 00:00:00 D
1 1400 421211 Sale at price 299.73 - 302.00 per share. BREEZE DANIEL Officer 2026-03-02 00:00:00 D
2 2131 Stock Award(Grant) at price 0.00 per share. BREEZE DANIEL Officer 2026-02-26 00:00:00 D
3 1952 Stock Award(Grant) at price 0.00 per share. LIBNER PAUL K Chief Financial Officer 2026-02-26 00:00:00 D
4 1897 Stock Award(Grant) at price 0.00 per share. SHEFMAN RANDY General Counsel 2026-02-26 00:00:00 D
5 561 Stock Award(Grant) at price 0.00 per share. CHUBBS FABIANA ELIZABETH Director 2026-02-26 00:00:00 D
6 1948 Stock Award(Grant) at price 0.00 per share. RAFFIELD MARTIN PHILIP Officer 2026-02-26 00:00:00 D
7 914 Stock Award(Grant) at price 0.00 per share. CRANDALL DAVID R Officer 2026-02-26 00:00:00 D
8 561 Stock Award(Grant) at price 0.00 per share. HAYES WILLIAM MICHAEL Director 2026-02-26 00:00:00 D
9 4892 Stock Award(Grant) at price 0.00 per share. HEISSENBUTTEL WILLIAM HOLMES Chief Executive Officer 2026-02-26 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-13.58M-14.50K-21.90K-700.59K
TaxRateForCalcs0.180.220.150.12
NormalizedEBITDA856.17M580.33M478.09M474.76M
TotalUnusualItems-76.20M-66.00K-147.00K-5.79M
TotalUnusualItemsExcludingGoodwill-76.20M-66.00K-147.00K-5.79M
NetIncomeFromContinuingOperationNetMinorityInterest466.28M332.02M239.44M238.98M
ReconciledDepreciation177.08M144.43M164.94M178.94M
ReconciledCostOfRevenue316.61M248.56M262.75M280.60M
EBITDA779.97M580.27M477.94M468.97M
EBIT602.89M435.84M313.01M290.04M
NetInterestIncome-14.61M-3.74M-20.91M-9.34M
InterestExpense29.02M9.75M30.87M17.17M
InterestIncome14.41M6.01M9.95M7.83M
NormalizedIncome528.90M332.07M239.57M244.07M
NetIncomeFromContinuingAndDiscontinuedOperation466.28M332.02M239.44M238.98M
TotalExpenses365.80M289.50M302.51M315.21M
TotalOperatingIncomeAsReported638.17M429.90M303.20M283.71M
DilutedAverageShares69.56M65.78M65.74M65.66M
BasicAverageShares69.42M65.66M65.61M65.58M
DilutedEPS6.695.043.633.63
BasicEPS6.705.043.643.64
DilutedNIAvailtoComStockholders466.28M332.02M239.44M238.98M
NetIncomeCommonStockholders466.28M332.02M239.44M238.98M
NetIncome466.28M332.02M239.44M238.98M
MinorityInterests-5.29M-456.00K-692.00K-960.00K
NetIncomeIncludingNoncontrollingInterests471.58M332.48M240.13M239.94M
NetIncomeContinuousOperations471.58M332.48M240.13M239.94M
TaxProvision102.29M93.61M42.01M32.93M
PretaxIncome573.87M426.09M282.14M272.87M
OtherIncomeExpense-76.20M-66.00K-147.00K-5.79M
SpecialIncomeCharges-26.51M0.000.00-4.29M
GainOnSaleOfBusiness0.000.0033.91M
ImpairmentOfCapitalAssets0.000.004.29M0.00
RestructuringAndMergernAcquisition26.51M0.000.00
GainOnSaleOfSecurity-49.69M-66.00K-147.00K-1.50M
NetNonOperatingInterestIncomeExpense-14.61M-3.74M-20.91M-9.34M
InterestExpenseNonOperating29.02M9.75M30.87M17.17M
InterestIncomeNonOperating14.41M6.01M9.95M7.83M
OperatingIncome664.67M429.90M303.20M288.00M
OperatingExpense49.18M40.93M39.76M34.61M
OtherOperatingExpenses563.00K
SellingGeneralAndAdministration49.18M40.93M39.76M34.61M
GeneralAndAdministrativeExpense49.18M40.93M39.76M34.61M
OtherGandA49.18M40.93M39.76M34.61M
GrossProfit713.86M470.83M342.96M322.61M
CostOfRevenue316.61M248.56M262.75M280.60M
TotalRevenue1.03B719.39M605.72M603.21M
OperatingRevenue1.03B719.39M605.72M603.21M
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber1.001.001.001.00
OrdinarySharesNumber84.50M65.69M65.63M65.59M
ShareIssued84.50M65.69M65.63M65.59M
NetDebt661.72M141.80M452.99M
TotalDebt895.44M245.97M571.57M
TangibleBookValue7.16B3.12B2.89B2.74B
InvestedCapital8.05B3.12B3.13B3.31B
WorkingCapital256.53M190.14M95.00M122.25M
NetTangibleAssets7.16B3.12B2.89B2.74B
CommonStockEquity7.16B3.12B2.89B2.74B
TotalCapitalization8.05B3.12B3.13B3.31B
TotalEquityGrossMinorityInterest7.21B3.13B2.90B2.75B
MinorityInterest48.22M12.25M12.42M12.38M
StockholdersEquity7.16B3.12B2.89B2.74B
GainsLossesNotAffectingRetainedEarnings993.00K0.00
RetainedEarnings1.23B889.99M666.52M527.31M
AdditionalPaidInCapital5.93B2.23B2.22B2.21B
CapitalStock845.00K657.00K656.00K656.00K
CommonStock845.00K657.00K656.00K656.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.33B260.92M460.42M781.05M
TotalNonCurrentLiabilitiesNetMinorityInterest2.21B175.77M387.99M717.47M
OtherNonCurrentLiabilities55.94M18.46M7.73M7.74M
NonCurrentDeferredLiabilities1.26B157.31M134.30M138.16M
NonCurrentDeferredTaxesLiabilities1.19B132.31M134.30M138.16M
LongTermDebtAndCapitalLeaseObligation895.44M245.97M571.57M
LongTermDebt895.44M245.97M571.57M
CurrentLiabilities120.92M85.15M72.42M63.59M
OtherCurrentLiabilities37.37M21.79M19.13M16.21M
PayablesAndAccruedExpenses83.55M63.37M53.29M47.38M
Payables83.55M63.37M53.29M47.38M
DividendsPayable40.19M29.61M26.29M24.63M
TotalTaxPayable33.30M23.18M15.56M16.07M
IncomeTaxPayable33.30M23.18M15.56M16.07M
AccountsPayable10.06M10.58M11.44M6.69M
TotalAssets9.54B3.39B3.36B3.53B
TotalNonCurrentAssets9.16B3.12B3.19B3.35B
OtherNonCurrentAssets102.47M74.03M118.06M111.29M
InvestmentsAndAdvances473.73M6.00K
InvestmentinFinancialAssets172.88M6.00K
AvailableForSaleSecurities172.88M6.00K
LongTermEquityInvestment300.85M0.00
NetPPE8.58B3.04B3.08B3.24B
AccumulatedDepreciation-2.12B-1.94B-1.80B-1.64B
GrossPPE10.70B4.99B4.87B4.88B
CurrentAssets377.45M275.29M167.43M185.83M
OtherCurrentAssets4.89M2.22M1.91M2.12M
PrepaidAssets2.12M1.77M
Inventory25.88M12.97M9.79M12.66M
Receivables112.95M64.60M51.56M52.47M
TaxesReceivable2.11M1.14M2.68M3.07M
AccountsReceivable110.85M63.46M48.88M49.41M
CashCashEquivalentsAndShortTermInvestments233.72M195.50M104.17M118.59M
CashAndCashEquivalents233.72M195.50M104.17M118.59M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-459.91M426.94M413.11M-504.81M
RepurchaseOfCapitalStock-5.03M-4.62M-1.38M-1.45M
RepaymentOfDebt-375.00M-250.00M-325.00M-125.00M
IssuanceOfDebt1.27B0.000.00700.00M
CapitalExpenditure-1.16B-102.56M-2.68M-922.15M
InterestPaidSupplementalData19.48M6.59M28.05M7.22M
IncomeTaxPaidSupplementalData95.35M72.11M50.30M54.80M
EndCashPosition233.72M195.50M104.17M118.59M
BeginningCashPosition195.50M104.17M118.59M143.55M
ChangesInCash38.22M91.33M-14.42M-24.96M
FinancingCashFlow751.93M-360.49M-427.38M480.57M
CashFlowFromContinuingFinancingActivities751.93M-360.49M-427.38M480.57M
NetOtherFinancingCharges-10.91M-635.00K-2.43M-1.06M
ProceedsFromStockOptionExercised-13.60M0.000.00
CashDividendsPaid-118.53M-105.24M-98.57M-91.92M
CommonStockDividendPaid-118.53M-105.24M-98.57M-91.92M
NetCommonStockIssuance-5.03M-4.62M-1.38M-1.45M
CommonStockPayments-5.03M-4.62M-1.38M-1.45M
NetIssuancePaymentsOfDebt900.00M-250.00M-325.00M575.00M
NetShortTermDebtIssuance-325.00M700.00M0.00
ShortTermDebtPayments-325.00M-125.00M
ShortTermDebtIssuance0.00700.00M0.00
NetLongTermDebtIssuance900.00M-250.00M-325.00M575.00M
LongTermDebtPayments-375.00M-250.00M-325.00M-125.00M
LongTermDebtIssuance1.27B0.000.00700.00M
InvestingCashFlow-1.42B-77.68M-2.83M-922.88M
CashFlowFromContinuingInvestingActivities-1.42B-77.68M-2.83M-922.88M
NetOtherInvestingChanges7.98M24.88M-151.00K-721.00K
NetInvestmentPurchaseAndSale158.89M0.000.000.00
SaleOfInvestment158.89M0.000.000.00
NetBusinessPurchaseAndSale-420.67M0.000.000.00
SaleOfBusiness0.000.0061.30M
PurchaseOfBusiness-420.67M0.000.00
NetPPEPurchaseAndSale-1.16B-102.56M-2.68M-922.15M
PurchaseOfPPE-1.16B-102.56M-2.68M-922.15M
OperatingCashFlow704.85M529.50M415.79M417.35M
CashFlowFromContinuingOperatingActivities704.85M529.50M415.79M417.35M
ChangeInWorkingCapital3.92M31.34M6.57M3.12M
ChangeInOtherWorkingCapital44.21M25.00M-24.52M
ChangeInOtherCurrentLiabilities15.28M12.89M2.91M4.34M
ChangeInPayablesAndAccruedExpense-26.07M-1.49M4.25M-2.79M
ChangeInPayable-26.07M-1.49M4.25M-2.79M
ChangeInAccountPayable-36.84M-9.11M4.76M211.00K
ChangeInTaxPayable10.76M7.62M-508.00K-3.00M
ChangeInIncomeTaxPayable10.76M7.62M-508.00K-3.00M
ChangeInPrepaidAssets1.33M11.17M-4.37M-3.91M
ChangeInInventory-11.74M-3.19M2.87M-1.05M
ChangeInReceivables-19.09M-13.04M911.00K6.53M
ChangesInAccountReceivables4.68M-19.55M
OtherNonCashItems-5.30M945.00K779.00K979.00K
StockBasedCompensation11.80M11.89M9.70M8.41M
UnrealizedGainLossOnInvestmentSecurities-327.00K66.00K147.00K1.50M
AssetImpairmentCharge0.000.004.29M0.00
DeferredTax-3.93M8.35M-6.47M-19.84M
DeferredIncomeTax-3.93M8.35M-6.47M-19.84M
DepreciationAmortizationDepletion177.08M144.43M164.94M178.94M
OperatingGainsLosses50.02M-33.91M
GainLossOnInvestmentSecurities50.02M
GainLossOnSaleOfBusiness0.000.00-33.91M
NetIncomeFromContinuingOperations471.58M332.48M240.13M239.94M
SEC Filings

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

Public Trades for RGLD
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status