Inside the research
Royal Gold, Inc.
RGLD Research profile · latest available data
Price overview
$252.49
· +0.00 (+0.0%)
| 52w hi | $303.02 |
|---|---|
| 52w lo | $168.01 |
| Vol | 431.30K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.38
| Short | +0.14 |
|---|---|
| Medium | +0.51 |
| Long | +0.63 |
computed 2026-09-27
Key fundamentals
Royal Gold, Inc.
Basic Materials · Gold
| Market cap | $21.39B |
|---|---|
| Enterprise value | $21.65B |
| Trailing P/E | 27.93x |
| Forward P/E | 19.62x |
| EV / EBITDA | 16.99x |
| P / S (ttm) | 13.93x |
| Profit margin | 48.1% |
| Return on equity | 13.6% |
| Revenue growth | +115.5% |
| Earnings growth | +38.3% |
| Debt / equity | 5.19 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.36 | |
| Sector | +0.08 | |
| Technical | +0.15 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.65 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 35.9% |
| Annual ret | +34.7% |
| Sharpe | 0.97 |
| Max DD | -38.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $335.33 |
|---|---|
| High / Low | $375.00 / $246.00 |
| Median | $340.00 |
| Analysts | 12 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 6 | |
| Hold | 2 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-04-15 | UBS | → Buy |
| 2026-01-26 | Scotiabank | → Sector Perform |
| 2025-11-18 | TD Cowen | → Buy |
| 2025-10-23 | Scotiabank | → Sector Outperform |
| 2025-10-16 | B of A Securities | → Underperform |
| 2025-10-10 | CIBC | → Neutral |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-07-21 | Earnings Release, Exhibits | read |
| 2026-05-26 | Shareholder Vote | read |
| 2026-05-06 | Earnings Release, Exhibits | read |
| 2026-03-31 | Reg FD Disclosure, Exhibits | read |
| 2026-02-18 | Earnings Release, Exhibits | read |
| 2026-01-13 | Earnings Release, Exhibits | read |
| 2025-11-05 | Earnings Release, Exhibits | read |
| 2025-10-21 | Acquisition / Disposition, Securities Issuance… | read |
| 2025-10-14 | Earnings Release, Exhibits | read |
| 2025-10-09 | Shareholder Vote, Reg FD Disclosure… | read |
| 2025-09-12 | Reg FD Disclosure, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-16 | Shefman Randy | SVP & General Counsel | Sell | 500 | $107.92K |
| 2026-05-11 | Shefman Randy | SVP & General Counsel | Sell | 1.00K | $243.74K |
| 2026-03-12 | Isto Mark | Sell | 2.00K | $549.66K | |
| 2026-03-11 | Crandall David R | VP, Corporate Secretary & | Gift | 150 | — |
| 2026-03-04 | Libner Paul | SVP & CFO | Sell | 200 | $56.04K |
| 2026-03-04 | Libner Paul | SVP & CFO | Sell | 700 | $196.99K |
| 2026-03-04 | Libner Paul | SVP & CFO | Sell | 500 | $141.83K |
| 2026-03-04 | Libner Paul | SVP & CFO | Sell | 100 | $28.44K |
| 2026-03-04 | Libner Paul | SVP & CFO | Sell | 1.00K | $285.84K |
| 2026-02-26 | Chubbs Fabiana | Grant | 561 | — |
Flow & Concentration
| Insider 180d net | -$351.67K |
|---|---|
| Insider buys / sells | 0 / 2 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 85.5% |
| HHI | 2,371 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $779.34M | 3.90M |
| Capital Research / Capital World | $245.56M | 1.23M |
| AQR Capital Management | $207.62M | 1.04M |
| Norges Bank (Norway sovereign) | $172.02M | 861.79K |
| Fidelity / FMR LLC | $158.64M | 794.73K |
| Citadel Advisors | $131.17M | 657.12K |
| Millennium Management | $87.24M | 437.06K |
| Renaissance Technologies | $46.45M | 232.72K |
| T. Rowe Price Group | $28.76K | 144.05K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.55% |
|---|---|
| $ / share (TTM) | $1.40 |
| 5y CAGR | +10.0% |
Annual dividend per share
| 2021 | $1.20 |
|---|---|
| 2022 | $1.40 |
| 2023 | $1.50 |
| 2024 | $1.60 |
| 2025 | $1.80 |
| 2026 | $0.95 |
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $719.39M | +14.4% | |
| Gross profit | $343.39M | +4.3% | |
| Operating income | $638.17M | +33.2% | |
| Net income | $239.44M | +11.3% | |
| Cash from ops | $704.85M | +19.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $251.94 | $253.69 | $248.85 | $252.49 | 431.30K |
| Sep 24 | $250.96 | $253.03 | $247.95 | $252.49 | 438.10K |
| Sep 23 | $254.26 | $254.63 | $251.14 | $252.78 | 533.80K |
| Sep 22 | $251.25 | $259.88 | $250.34 | $258.29 | 1.03M |
| Sep 21 | $250.72 | $250.99 | $246.99 | $250.11 | 567.00K |
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