Royal Gold, Inc. (RGLD) AI Stock Analysis

Royal Gold, Inc., headquartered in Denver, Colorado, specializes in the acquisition and management of precious metal streams, royalties, and related interests. The company acquires stream and royalty interests or provides financing to mining projects in production or development. Its interests predominantly cover gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, Royal Gold's portfolio included interests in 185 properties across five continents, consisting of 41 producing mines and 19 development-stage projects. Its property interests are located in mining regions such as the United States, Canada, Chile, the Dominican Republic, Australia, Africa, and Mexico.

Annual revenue grew from $645.2M in FY2021 to $1.03B in FY2025, delivering a 5-year compound annual growth rate of 10.8%. Performance accelerated in FY2025, when revenue increased 44.6% and net income reached $466.3M, up from $332.0M in FY2024. Operating margin expanded to 64.5% in FY2025 despite gross margin decreasing to 69.3% from 86.3% in FY2024. Diluted EPS reached $7.30 in FY2025 compared to $4.00 in FY2021. For the trailing twelve months, revenue was $1.54B with EPS of $9.03. In the quarter ended June 30, 2026, revenue rose 115.5% and quarterly earnings increased 38.3% year-over-year.

As of June 30, 2026, Royal Gold held $182.5M in cash and short-term investments against total debt of $395.9M, resulting in net debt of $213.4M. Shareholders' equity was $7.59B, total assets reached $9.45B, and the current ratio was 2.92 with a debt-to-equity ratio of 0.05. In FY2025, operating cash flow was $704.8M and capital expenditures were $1.16B, resulting in free cash flow of -$459.9M. FY2025 capital returns included $118.5M in dividends paid and $5.0M in share buybacks.

Royal Gold trades at a market capitalization of $20.17B and an enterprise value of $22.10B at a share price of $238.05. The company's trailing P/E of 26.4x and forward P/E of 24.2x exceed the median of its US-listed Basic Materials peers at 19.7x and 13.4x, respectively. Its price-to-sales multiple of 13.1x and EV/EBITDA of 17.5x also trade above peer group medians of 1.8x and 10.5x. Over the past year, the stock returned 16.2%, trailing the S&P 500 return of 16.8%. Over a 5-year period, Royal Gold gained 154.7% compared to 83.0% for the S&P 500.

Royal Gold pays an annualized forward dividend of $1.90 per share, yielding 0.80% with a payout ratio of 20.5%. The dividend is paid quarterly and has been distributed for 27 consecutive years. The company posted a 5-year annualized dividend growth rate of 10.0%, and its most recent ex-dividend date was October 2, 2026.

Wall Street analyst coverage consists of 6 Strong Buy, 3 Buy, 2 Hold, and 1 Sell ratings. The mean price target is $308.75, which is 29.7% above the last close of $238.05. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $1.83B and EPS of $10.33, indicating 40.9% earnings growth. Over the last four quarters, the company recorded 0 EPS beats. The next earnings date is November 4, 2026.

This page is an AI-written research summary of Royal Gold, Inc. (RGLD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RGLD income statement, RGLD balance sheet, RGLD key metrics, RGLD analyst forecast, RGLD chart. See the RGLD stock overview for the latest quote and news.