RGLD

A month has gone by since the last earnings report for Royal Gold (RGLD). Shares have lost about 5.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Royal Gold due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Royal Gold delivered earnings of $2.72 per share in the first quarter of 2026, marking an increase of 80% year-over-year. Adjusted for discrete tax benefit and other time items, earnings came in at $3.11 per share, beating the Zacks Consensus Estimate of $2.86 by 8.74%. The company also posted record revenue of $469.1 million, up 142.5% year over year. The quarter reflected strong metal pricing and higher contributions from newer interests, with sales volume rising to 96,300 gold equivalent ounces, up 42.5% from the prior-year period. RGLD’s top-line strength was broad-based across commodities. Gold represented 71% of revenue, while silver and copper contributed 16% and 10%, respectively, with other metals accounting for the balance. Average realized prices moved sharply higher year over year, led by gold at $4,873 per ounce and silver at $84.33 per ounce, alongside copper at $5.83 per pound. Contributions from Sandstorm and Horizon interests, as well as the Kansanshi stream, also aided the growth. RGLD’s cost of sales rose to $60.3 million from $24.5 million in the prior-year quarter, reflecting higher payments on stream deliveries tied to stronger metal prices and additional sales volumes from newer streams and acquired interests. Operating cost lines also expanded. General and administrative expense increased to $17.5 million from $11.1 million, which the company attributed to higher employee-related and corporate costs following the Sandstorm and Horizon acquisition. Royal Gold generated record operating cash flow of $293.6 million, up 115.3% from $136.4 million in the year-ago quarter. Free cash flow was $278.9 million compared with $78.1 million a year ago, reflecting the stronger cash generation profile in the period. Balance sheet flexibility remained a key theme. At March 31, 2026, cash and equivalents were $234.1 million, while debt stood at $600 million on the revolving credit facility after a $300 mill...

DENVER, May 20, 2026--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) announced today that its Board of Directors has declared its third quarter dividend of $0.475 per share of common stock. The dividend is payable on Thursday, July 16, 2026, to shareholders of record at the close of business on Thursday, July 2, 2026. Corporate Profile Royal Gold is a high margin, large-capitalization company that generates strong cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. Royal Gold shares trade under the symbol "RGLD" and provide growth, value, and income investors exposure to the metals & mining industry. The Company’s website is located at www.royalgold.com. Additional Investor Information Royal Gold routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Resources tab. Investors and other interested parties are encouraged to enroll at www.royalgold.com to receive automatic email alerts for new postings. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519749363/en/ Contacts For further information, please contact: Alistair BakerSenior Vice President, Investor Relations and Business Development(303) 573-1660

Royal Gold, Inc. (NASDAQ:RGLD) just released a solid earnings report, and the stock displayed some strength. However, we think that shareholders should be cautious as we found some worrying factors underlying the profit. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. As it happens, Royal Gold issued 29% more new shares over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of Royal Gold's EPS by clicking here. Royal Gold has improved its profit over the last three years, with an annualized gain of 167% in that time. In comparison, earnings per share only gained 136% over the same period. And the 59% profit boost in the last year certainly seems impressive at first glance. But in comparison, EPS only increased by 41% over the same period. Therefore, one can observe that the dilution is having a fairly profound effect on shareholder returns. Changes in the share price do tend to reflect changes in earnings per share, in the long run. So Royal Gold shareholders will want to see that EPS figure continue to increase. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Each Royal Gold share now gets a meaningfully smaller slice of its overall profit, due to dilution of existing shareholders. Therefore, it seems possible to us that Royal Gold's true underlying earnings power is actually less than its statutory profit. But on the bright side, its earnings per share have grown at an extremely impressive rate over the last three years. At the end of the day, it's essential to consider more than just the fact...

In early May 2026, Royal Gold, Inc. reported first-quarter 2026 results showing sales of US$465.83 million and net income of US$281.13 million, alongside announcing authorization of a US$500 million share repurchase program and expanded credit capacity. This combination of record quarterly profitability and a sizeable buyback plan highlights management’s confidence in the company’s cash generation and capital allocation framework. Next, we’ll examine how record quarterly earnings and the newly authorized US$500 million share repurchase program influence Royal Gold’s investment narrative. This technology could replace computers: discover 27 stocks that are working to make quantum computing a reality. To own Royal Gold, you need to believe in the durability of its precious metals royalty model and its ability to keep translating volume growth into healthy cash flow, despite heavy reliance on gold prices. The latest record Q1 2026 earnings and stronger balance sheet support the near term catalyst of integrating new assets and funding future deals, but they do not remove the key risk that weaker gold prices or persistent operational issues at core mines could still hurt royalty income. Among the recent announcements, the new US$500 million share repurchase program stands out as most relevant. It sits alongside record quarterly profitability and expanded credit capacity, and together these moves frame how Royal Gold might balance reinvestment in its growing royalty and streaming portfolio with returning cash to shareholders, a key consideration for anyone focused on the catalysts around asset diversification and future deal making. Yet despite these strong headlines, the concentration in gold related revenue and exposure to a handful of large mines is something investors should be aware of... Read the full narrative on Royal Gold (it's free!) Royal Gold's narrative projects $2.2 billion revenue and $1.1 billion earnings by 2029. This requires 29.5% yearly revenue growth and a roughly $633.7 million earnings increase from $466.3 million today. Uncover how Royal Gold's forecasts yield a $336.67 fair value, a 41% upside to its current price. Some of the most optimistic analysts were already projecting Royal Gold’s revenue to reach about US$2.1 billion and earnings around US$1.2 billion, which is far more bullish than the baseline view. As you weigh this quarter’s re...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Royal Gold (RGLD) has drawn fresh attention after reporting record first quarter 2026 revenue, operating cash flow, and earnings, along with a larger revolving credit facility and a new US$500 million share repurchase authorization. See our latest analysis for Royal Gold. Royal Gold’s recent earnings and new US$500 million buyback come after a mixed stretch in the stock, with a 10.46% 1 month share price return decline and a 14.43% 3 month share price return decline. At the same time, a 30.69% 1 year total shareholder return and 105.70% 5 year total shareholder return indicate that longer term momentum has been strong. If strong royalty exposure to precious metals interests you, it can be worth scanning beyond a single stock and seeing which peers stand out in the 31 elite gold producer stocks With record Q1 2026 results, a US$500 million buyback, and a share price that has recently pulled back, investors are left with a simple question: Is Royal Gold undervalued, or is the stock already pricing in future growth? Royal Gold’s most followed narrative points to a fair value of about $336.67 per share, compared with the last close at $238.91, and frames that gap around future earnings power and portfolio expansion. Read the complete narrative. Curious what earnings, revenue growth, and margin path could support that kind of gap between price and fair value? The narrative leans on ambitious growth curves, richer profitability, and a premium future earnings multiple that many investors usually associate with faster growing sectors. The full breakdown shows how those pieces fit together into one coherent valuation story. Result: Fair Value of $336.67 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this narrative leans heavily on gold driven revenue and the smooth integration of Sandstorm Gold and Horizon Copper, and setbacks on either front could quickly change the story. Find out about the key risks to this Royal Gold narrative. That 29% upside story sits alongside a very different message from simple valuation multiples. Royal Gold trades on a P/E of 32x, compared with 19.4x for the US Metals and Mining industry, 18.1x for peers, and a fair ratio of 27x, which points to valuation risk if sentim...

Interested in Royal Gold, Inc.? Here are five stocks we like better. Royal Gold posted record Q1 2026 results, with revenue up 143% year over year to $469 million, operating cash flow up 115% to $294 million, and adjusted net income reaching a record $233 million. Management said the quarter benefited from a larger portfolio after 2025 transactions and stronger metals prices. The portfolio is becoming more diversified and scalable, with no single asset contributing more than 12.5% of revenue. First-quarter performance was boosted by the first full-quarter contributions from the Sandstorm and Horizon interests, along with strong results from royalty and stream assets such as Peñasquito, Cortez, Pueblo Viejo and Kansanshi. Royal Gold is strengthening its balance sheet and capital return tools, repaying debt quickly and ending March with $1.1 billion in liquidity. The company added a $600 million accordion to its credit facility and announced a $500 million share repurchase program, while still expecting to fully repay the revolver balance later this year. The Best Way to Invest in Gold Is... Royal Gold (NASDAQ:RGLD) reported record first-quarter 2026 revenue, operating cash flow and earnings, as management said the company benefited from a larger portfolio following transactions completed in 2025 and stronger metals prices. President and CEO Bill Heissenbuttel said quarterly revenue rose 143% from the prior-year period to $469 million, while operating cash flow increased 115% to $294 million. Earnings were $281 million, up 148% year over year. Adjusted net income was a record $233 million, or $2.72 per share, representing an 80% increase from the first quarter of 2025. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% BHP Stock: The Under-the-Radar Growth Story in Commodities “2025 was a transformational year for Royal Gold,” Heissenbuttel said. “The benefits of last year’s activity are clearly seen in this quarter’s results.” Gold accounted for 71% of total revenue in the quarter. Heissenbuttel said that percentage was lower than in recent quarters because of strong silver prices, not weakness in gold revenue. The company’s adjusted EBITDA margin was 83%, which management attributed to low and stable cash general and administrative costs. → Light Speed Returns: Corning Cashes In on NVIDIA Growth Gold vs. Silver: Which Is the Better Investment...

As of March 31, 2026, Ballast Asset Management fully exited its position in Resolute Holdings Management (NYSE:RHLD), selling 15,869 shares in a trade estimated at $2.89 million based on quarterly average pricing. According to a filing with the U.S. Securities and Exchange Commission dated May 7, 2026, Ballast Asset Management sold 15,869 shares of Resolute Holdings Management. The estimated transaction value is $2.89 million, calculated using the average closing price for the first quarter of 2026. The fund’s quarter-end position value in the company changed by $3.25 million, reflecting both the sale and stock price changes. Top holdings following the filing: NYSE:NRP: $9.18 million (4.1% of AUM) NYSE:ECVT: $7.13 million (3.2% of AUM) NYSE:AZZ: $7.01 million (3.1% of AUM) NASDAQ:RGLD: $6.71 million (3.0% of AUM) NYSE:SEI: $6.55 million (2.9% of AUM) As of May 6, 2026, shares of Resolute Holdings Management were priced at $139.65, up 414.9% over the past year, outpacing the S&P 500 by 383.6 percentage points. Resolute Holdings provides alternative asset management services, focusing on specialty business services within the industrials sector. The firm generates revenue primarily through management and performance fees derived from managing client assets and investment portfolios. It serves institutional investors, high-net-worth individuals, and other clients seeking exposure to alternative investment strategies. Resolute Holdings Management is an alternative asset management platform headquartered in New York City. The company leverages a specialized business services model to deliver tailored investment solutions to institutional and high-net-worth clients. With a focus on disciplined asset management and fee-based revenue streams, Resolute Holdings Management aims to differentiate itself through expertise in alternative investments and operational efficiency. This exit ultimately looks like classic profit-taking after an extraordinary run rather than a broad rejection of the business itself. When a stock climbs more than 400% in a year, expectations get incredibly high, and even strong headline numbers can fail to hold up under the weight of that momentum. That dynamic may be exactly what played out here. On Thursday, Resolute reported first-quarter diluted earnings per share of $7.19 compared to a loss of $0.39 a year earlier, while fee-related earnings...

Image source: The Motley Fool. May 7, 2026 President & Chief Executive Officer — William H. Heissenbuttel Executive Vice President & Chief Operating Officer — Martin Raffield Vice President & Chief Financial Officer — Paul K. Libner Vice President, Corporate Development — Daniel Breeze General Counsel & Corporate Secretary — Alistair Baker William H. Heissenbuttel: Good morning, and thank you for joining the call. I will begin on slide four. 2025 was a transformational year for Royal Gold, Inc., and the benefits of last year's activity are clearly seen in this quarter's results, with materially higher records for revenue, operating cash flow, and earnings. Quarterly revenue was $469 million, operating cash flow was $294 million, and earnings were $281 million. These were increases of 143%, 115%, and 148%, respectively, over the first quarter of last year. After adjusting for unusual items, net income was $233 million, or $2.72 per share, an 80% increase over last year. Gold contributed 71% of total revenue for the quarter. This is lower than what we have seen over the past few quarters, but it was driven by very strong silver prices during the quarter and not weakness in gold revenue. Our adjusted EBITDA margin remained high at 83% for the quarter, reflecting our low and stable cash G&A. We paid dividends of $40 million to shareholders in the quarter at our new annual rate of $1.90 per share, and we repaid $300 million on the revolver during the quarter, raising our total available liquidity to $1.1 billion. During the quarter, we also completed the restructuring of the Bear Creek debt and equity investments. In keeping with our strategy, we plan to rationalize non-core assets acquired through the Sandstorm transaction and, where possible, convert those into holdings that are more consistent with our royalty and streaming business. The Bear Creek restructuring was a multi-step transaction, and we were successful in converting those interests into cash, Calibre Silver shares, and royalties on the Corani project and Mercedes mine. We sold the Highlander shares during the quarter, leaving us with the royalty interest only, which is in line with our core business. With respect to capital allocation, we provided an overview of our framework during our Investor Day in March, which is to reinvest in our business, maintain a strong balance sheet and liquidity, and p...

DENVER (AP) — DENVER (AP) — Royal Gold Inc. (RGLD) on Wednesday reported earnings of $281.7 million in its first quarter. The Denver-based company said it had net income of $3.30 per share. Earnings, adjusted for non-recurring gains, were $3.11 per share. The manager of precious metal royalties posted revenue of $469.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RGLD at https://www.zacks.com/ap/RGLD

Royal Gold (RGLD) reported Wednesday Q1 adjusted earnings of $2.72 per diluted share, up from $1.51

Achieved record quarterly revenue, operating cash flow, and earnings, driven by the first full quarter of contributions from the Sandstorm and Horizon acquisitions. Maintained a high adjusted EBITDA margin of 83%, attributed to a stable and low cash G&A structure that provides insulation from inflationary pressures like rising energy and labor costs. Executed a strategic rationalization of non-core assets acquired through the Sandstorm transaction, successfully converting Bear Creek debt and equity into cash, royalties, and marketable shares. Diversified the revenue base so that no single asset contributed more than 12.5% of total revenue, enhancing the company's risk profile. Re-established a $600 million accordion feature on the revolving credit facility to ensure readiness for large-scale, non-dilutive acquisition opportunities in a healthy business development environment. Introduced a $500 million share repurchase program to act opportunistically when management perceives a significant disconnect between market value and intrinsic share value. Expects to fully repay the outstanding $425 million balance on the revolving credit facility by the fourth quarter of 2026, assuming current metal prices and no new acquisitions. Anticipates total G&A expense for the year to finish near the high end of the $50 million to $60 million range, with first quarter costs expected to be the highest for the year due to recognized service costs from 2025 transactions. Maintains a 48/52 first-half to second-half production weighting for 2026, despite stronger-than-expected copper revenue in the first quarter. Projects first revenue from the Platreef project to commence in the current quarter following the completion of Shaft 3 construction. Assumes a full-year effective tax rate between 17% and 22%, excluding discrete benefits recognized in the first quarter. The Hod Maden project is under strategic review by partner SSR Mining; Royal Gold expects spending to remain low and non-significant during this period. Pueblo Viejo silver deliveries remain deferred as recoveries stay below the 52.5% threshold required for the clawback mechanism to activate. Pe￱asquito is expected to see lower production of gold, lead, and zinc in 2026 as it transitions from mining Phase 7 to processing stockpiles. Wassa mine received a positive development outlook following a $1.2 billion investment a...

DENVER, May 06, 2026--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, "Royal Gold," the "Company," "we," "us," or "our") released financial results for the quarter ended March 31, 2026 ("first quarter"). "The record first quarter results reflect the transformative activities we undertook in 2025," commented Bill Heissenbuttel, President and CEO of Royal Gold. "We added significant scale and growth potential to our portfolio and the contributions from the new interests combined with our legacy portfolio and strong metal prices drove substantial increases in revenue, cash flow and earnings." "We have a long record of successful capital allocation and growing per share value," continued Mr. Heissenbuttel, "and we have added two new tools that provide flexibility to add further value in the future depending on market conditions. As described in more detail below, we have reestablished our accordion feature under the $1.4 billion revolving credit facility, which positions us with ready access to capital to compete for the largest transactions. At the same time, our Board has approved a share repurchase program, which provides the ability to act opportunistically when the market does not appear to be reflecting the value and outlook for Royal Gold." First Quarter Highlights Financial/Operating Record revenue of $469.1 million (compared to $193.4 million in the prior year period) Revenue split by commodity: 71% gold, 16% silver, 10% copper Record operating cash flow of $293.6 million (compared to $136.4 million in the prior year period) Record net income of $281.1 million ($3.30 per share), and adjusted net income1 of $232.9 million ($2.72 per share) (compared to $113.5 million and $99.8 million, respectively, in the prior year period) Sales volume of 96,300 GEOs2 (compared to 67,600 in the prior year period) Adjusted EBITDA margin1 of 83% (compared to 82% in the prior year period) Corporate Repaid $300 million on the revolving credit facility, increasing total available liquidity to approximately $1.1 billion Paid quarterly dividend of $0.475 per share, a 6% increase over the prior year period Completed the restructuring of equity and debt interests in Bear Creek Mining Corporation ("Bear Creek") in return for increased royalty interests, cash and shares in Highlander Silver Corp. ("Highlander"), which were sold for a realized gai...