Royal Gold Inc (RGLD)

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.

Ticker: RGLD
Exchange: Nasdaq
Sector: Basic Materials
Industry: Gold
Market cap: $22.46B
52-week range: $169.54 - $306.25

Valuation

Share price: $265.81 (close of Nov 6, 2026)
P/E (TTM): 26.76x
Price to book: 2.89x
Price to free cash flow: 18.49x
Enterprise value: $22.42B
Book value per share: $92.02

Price performance

Period	Change
1 day	+1.73%
5 days	+16.19%
1 month	+13.42%
3 months	+21.87%
6 months	+12.21%
Year to date	+19.58%
1 year	+56.66%
3 years	+142.99%
5 years	+152.77%
10 years	+250.58%
All time	+9,145.57%

Short interest

As of: Oct 15, 2026
Short % of float: 2.81%
Shares short: 2.10M
Days to cover: 3.91
Change since prior report: -5.96%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 6.47%
Return on assets: 4.89%
Net margin: 45.25%
Revenue growth: 43.24%
Net income growth: 40.44%
Free cash flow growth: 33.11%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.41%
Current ratio: 2.40x
Net debt to EBITDA: -0.03x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.03B
Net income: $466.28M
Earnings per share: $6.70
Shares outstanding: 69.42M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.03B	$466.28M	$6.70
2024-12-31	$719.39M	$332.02M	$5.04
2023-12-31	$605.72M	$239.44M	$3.64
2022-12-31	$603.21M	$238.98M	$3.64
2021-12-31	$653.57M	$274.04M	$4.17
2021-06-30	$615.86M	$302.53M	$4.61
2020-06-30	$498.82M	$199.34M	$3.04
2019-06-30	$423.06M	$93.83M	$1.43
2018-06-30	$459.04M	-$113.13M	-$1.73
2017-06-30	$440.81M	$101.53M	$1.55

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	45.25%	6.47%
2024-12-31	46.15%	10.60%
2023-12-31	39.53%	8.25%
2022-12-31	39.62%	8.68%
2021-12-31	41.93%	10.54%
2021-06-30	49.12%	12.08%
2020-06-30	39.96%	8.66%
2019-06-30	22.18%	4.32%
2018-06-30	-24.65%	-5.28%
2017-06-30	23.03%	4.38%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$233.72M	$895.44M
2024-12-31	$195.50M	-
2023-12-31	$104.17M	$245.97M
2022-12-31	$118.59M	$571.57M
2021-12-31	$143.55M	-
2021-06-30	$225.92M	-
2020-06-30	$319.13M	$300.44M
2019-06-30	$119.47M	$214.55M
2018-06-30	$88.75M	$351.03M
2017-06-30	$85.85M	$586.17M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$704.85M	$11.80M
2024-12-31	$529.50M	$11.89M
2023-12-31	$415.79M	$9.70M
2022-12-31	$417.35M	$8.41M
2021-12-31	$461.87M	$6.06M
2021-06-30	$407.15M	$5.73M
2020-06-30	$340.75M	$9.12M
2019-06-30	$253.17M	$6.62M
2018-06-30	$328.82M	$8.28M
2017-06-30	$266.85M	$9.98M

Dividend history

Most recent payment: Oct 2, 2026
Paid in the last twelve months: $1.90

Payment date	Dividend per share
2026-10-02	$0.47
2026-07-02	$0.47
2026-04-02	$0.47
2026-01-02	$0.47
2025-10-03	$0.45
2025-07-03	$0.45
2025-04-04	$0.45
2025-01-03	$0.45

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$2.92
2026-08-05	Jun 2026	$2.62
2026-05-06	Mar 2026	$2.86
2026-02-18	Dec 2025	$2.68
2025-11-05	Sep 2025	$2.30
2025-08-06	Jun 2025	$1.70
2025-05-07	Mar 2025	$1.37
2025-02-12	Dec 2024	$1.49

Filings and sources

Company website: royalgold.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Newmont Corp (NEM) · Wheaton Precious Metals Corp. (WPM) · IAMGOLD Corp (IAG) · CF Industries Holdings, Inc. (CF) · Corteva, Inc. (CTVA) · Mosaic Co (MOS) · Dow Inc. (DOW) · Linde plc (LIN)

All Basic Materials companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades