Royal Gold (NASDAQ:RGLD) Releases Earnings Results

Royal Gold (NASDAQ:RGLD) (TSE:RGL) issued its earnings results on Wednesday. The basic materials company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.03, FiscalAI reports. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $464.77 million for the quarter, compared to analysts’ expectations of $459.84 million. During the same period in the prior year, the company earned $2.06 earnings per share. The firm’s revenue was up 84.4% compared to the same quarter last year.

Royal Gold Stock Up 5.0%

Shares of RGLD traded up $12.41 during trading hours on Thursday, reaching $258.49. The company’s stock had a trading volume of 683,015 shares, compared to its average volume of 828,748. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.67 and a beta of 0.46. Royal Gold has a 1-year low of $169.54 and a 1-year high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $244.53 and a two-hundred day moving average of $241.24.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.4750 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s payout ratio is currently 20.74%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the sale, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RGLD shares. Raymond James Financial reiterated an “outperform” rating and set a $336.00 price target on shares of Royal Gold in a research report on Tuesday, October 20th. Weiss Ratings raised shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Scotiabank reiterated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce set a $305.00 price objective on shares of Royal Gold in a research note on Friday, October 16th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $309.56.

Trending Headlines about Royal Gold

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Royal Gold reported Q3 earnings of $2.80 per share, slightly above the $2.77 consensus, and revenue of about $464.8 million, topping estimates of $459.8 million. Revenue rose 84.4% year over year. MarketBeat Q3 results
• Positive Sentiment: The company highlighted record operating cash flow and gold-equivalent-ounce sales, additional share repurchases, and full repayment of its debt after the quarter ended. These developments may strengthen investor confidence in cash generation and financial flexibility. Royal Gold Q3 announcement
• Neutral Sentiment: Scotiabank trimmed its FY2027 EPS estimate slightly, to $11.87 from $11.92, while maintaining a Sector Perform rating and a $310 price target. Scotiabank estimate update

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.