Royal Gold, Inc.

Royal Gold, Inc.

RGLD
Royal Gold, Inc.US flagNASDAQ Global Select
241.29
USD
+5.38
- -
20.48BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.57
3.65
4.28
5.53
6.77
7.03
6.47
7.61
9.4
9.2
9.23
10.96
14.84
19.61
Basic EPS, GAAP
1.09
0.97
0.8
-1.19
1.56
-1.73
1.43
3.04
4.62
3.64
3.65
5.06
6.72
9.35
Free Cash Flow per Basic Share
-2.24
1.04
2.03
-18.08
0.97
4.86
3.86
2.82
3.65
-7.7
6.3
6.5
-6.62
0.01
Dividend per Share
0.69
0.82
0.86
0.9
0.94
0.98
1.03
1.09
1.16
1.4
1.5
1.6
1.71
1.77
Book Value per Share
36.22
36.25
36.18
34.24
34.91
32.16
32.65
34.67
38
41.79
44.01
47.48
84.7
89.6
Tangible Book Value per Share
36.22
36.25
36.18
34.24
34.91
32.16
32.65
34.67
38
41.79
44.01
47.48
84.7
89.6
Basic Weighted Avg Shares
63
65
65
65
65
65
65
66
66
66
66
66
69
79
Sales/Revenue/Turnover
289
237
278
360
441
459
423
499
616
603
606
719
1,030
1,547
Operating Margin (%)
59.18
45.84
42.65
28.74
33.11
35.91
33.26
40.15
49.31
47.74
50.06
59.76
64.5
62.97
Depreciation Expense
85
91
93
141
160
164
163
175
184
179
165
144
177
300
Net Income, GAAP
69
63
52
-77
102
-113
94
199
303
239
239
332
466
738
Effective Tax Rate (%)
46.48
23.46
15.37
- -
22.24
- -
16.42
- -
10.85
12.07
14.89
21.97
17.82
18.14
Profit Margin (%)
23.91
26.41
18.69
-21.44
23.03
-24.65
22.18
39.96
49.12
39.62
39.53
46.15
45.25
47.7
Working Capital
709
713
772
142
109
74
121
319
245
122
95
190
257
243
LT Debt
302
312
314
601
586
351
215
300
- -
572
246
- -
895
396
Total Equity
2,371
2,373
2,416
2,286
2,320
2,141
2,170
2,302
2,503
2,753
2,901
3,131
7,205
7,634
Return on Invested Capital (%)
3.78
3.1
3.71
- -
3.91
- -
4.79
- -
10.55
8.64
7.94
10.62
9.68
13.96
Return on Capital (%)
3.24
2.97
2.7
- -
4.8
- -
5.06
- -
12.06
8.69
8.19
10.81
8.63
13.6
Return on Common Equity (%)
3.3
2.66
2.21
-3.37
4.51
-5.17
4.43
9.04
12.7
9.14
8.51
11.05
9.08
13.55

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
895
596
396
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
84
85
85
Market Capitalization
18,783
21,578
16,902

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
377
412
370
Cash, Cash Equivalents & STI
234
234
182
Accounts Receivable, Net
111
143
132
Inventories
26
31
30
Total Current Liabilities
121
117
127
Payables & Accruals
84
80
97
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.8%
32.43%
130.11%
Free Cash Flow
-141.22%
-133.61%
-207.72%
Net Income, GAAP
-65.19%
22.01%
40.44%
Sales/Revenue/Turnover
15%
16.77%
43.24%
Total Cash Common Dividend
7.88%
10.78%
12.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
149
174
194
203
719
2025
193
210
252
375
1,030
2026
469
451
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
1.24
1.47
- -
5.06
2025
1.73
2.01
1.93
1.16
6.72
2026
3.32
2.79
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.4
0.4
- -
1.6
2025
0.45
0.45
0.45
0.37
1.71
2026
0.47
0.48
- -
- -
- -

Company Description

CEO
William H. Heissenbuttel
Full Time Employees
39
Sector
Basic Materials
Industry
Gold
Address
1144 15th Street Denver CO United States of America 80202-1161
IPO Date
Jun 9, 1981
Business
Royal Gold, Inc. engages primarily in the acquisition and management of precious metals streams and royalty interests, focusing predominantly on gold. The company provides upfront capital to mining operators in exchange for rights to purchase specified percentages of metals produced at preset prices or to receive a portion of the revenue from mining operations without assuming operational risks or costs. Its product portfolio includes metal streams, which are purchase agreements for future production at discounted rates, and royalty interests that entitle it to a share of revenue or production from mineral properties. Key producing assets contributing significantly to revenue include mines such as Andacollo, Pueblo Viejo, and Cortez. Royal Gold operates globally, targeting mining projects that meet its criteria for long-life and high-quality precious metals exposure. Established in 1981, the company is headquartered in Denver, Colorado. Recent major developments include strategic acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp. for over $3.5 billion, significantly expanding its scale, growth prospects, and diversification into precious metals and copper. These acquisitions complement Royal Gold’s existing portfolio by adding development-heavy assets to its producing-heavy holdings, with a focus on enhancing asset diversification and operational simplification. In 2025, Royal Gold also acquired a stream and royalty interest in the Warintza copper-gold-molybdenum project in Ecuador, projected to start production in the early 2030s. The company continues to strengthen its financial position, reporting record revenues exceeding $250 million in recent quarters, increasing dividends, and maintaining a strong balance sheet to support growth and shareholder returns. Royal Gold's business model uniquely leverages commodity prices with limited operational overhead by investing in long-term streaming and royalty agreements. Its diversification strategy ensures no single asset represents more than 12% of net asset value, mitigating concentration risk. The company’s core industry segments include the precious metals royalty and streaming sector, targeting mine operators, developers, and investors worldwide who seek exposure to gold, silver, and copper markets without direct mining risks. Through continuous portfolio expansion and strategic partnerships, Royal Gold aims to sustain its leadership as a premier growth company in precious metals finance.

Company News

  • Royal Gold Provides Preliminary Financial Information and Details for the Release of Financial Results for the Third Quarter 2026

  • Royal Gold Highlights Record Results, Debt Paydown and Growth After Major Deals

  • Royal Gold, Inc. (RGLD) Presents at Renmark Financial Communications Virtual Non-Deal Roadshow Series Transcript

  • Royal Gold Eyes Growth as Acquisitions Extend Reserve Life and Fuel Cash Flow

  • Royal Gold, Inc. (RGLD) Presents at John Tumazos Very Independent Research Virtual Conference Transcript

  • Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, October 15, 2026

  • Royal Gold, Inc. (RGLD) Presents at Mining Forum Americas 2026 Transcript

  • Royal Gold Details Transformational Portfolio Shift, Growth Pipeline at Conference

  • My Biggest Bet: 3 Dividend Investments Boosted By 2 Major Macro Tailwinds

  • The More These Dividend Machines Drop, The More I Buy

  • 10 Dividend Growth Stocks: September 2026

  • Royal Gold Presenting at the John Tumazos Very Independent Research 2026 Virtual Conference

  • Bank of America Corp DE Purchases Shares of 441,482 Royal Gold, Inc. $RGLD

  • Royal Gold, Inc. (RGLD) Presents at Virtual Non-Deal Roadshow Series Transcript

  • Is Royal Gold Benefiting From Its 2025 Portfolio Expansion Actions?

  • Royal Gold Presenting at the Mining Forum Americas 2026

  • Royal Gold, Inc. $RGLD Shares Sold by Amundi

  • Royal Gold, Inc. (RGLD) Presents at Jefferies Global Industrials Conference 2026 Transcript

  • The Cheapest Way to Own a Copper Mine Is to Let Someone Else Build It

  • Skip the Mine, Pocket the Gold: 5 Royalty Streamers Are Crushing Producers in 2026