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RGLD 
Royal Gold Inc (RGLD)
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Upturn Advisory Summary
12/09/2025: RGLD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $249.36
1 Year Target Price $249.36
| 4 | Strong Buy |
| 4 | Buy |
| 2 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.79% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 17.14B USD | Price to earnings Ratio 27.9 | 1Y Target Price 249.36 |
Price to earnings Ratio 27.9 | 1Y Target Price 249.36 | ||
Volume (30-day avg) 11 | Beta 0.65 | 52 Weeks Range 129.26 - 209.42 | Updated Date 12/9/2025 |
52 Weeks Range 129.26 - 209.42 | Updated Date 12/9/2025 | ||
Dividends yield (FY) 0.30% | Basic EPS (TTM) 7.28 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 42.48% | Operating Margin (TTM) 50.53% |
Management Effectiveness
Return on Assets (TTM) 7.44% | Return on Equity (TTM) 10.99% |
Valuation
Trailing PE 27.9 | Forward PE 17.45 | Enterprise Value 17336013834 | Price to Sales(TTM) 26.57 |
Enterprise Value 17336013834 | Price to Sales(TTM) 26.57 | ||
Enterprise Value to Revenue 20.21 | Enterprise Value to EBITDA 24.6 | Shares Outstanding 84398063 | Shares Floating 65289649 |
Shares Outstanding 84398063 | Shares Floating 65289649 | ||
Percent Insiders 0.28 | Percent Institutions 76.05 |
Upturn AI SWOT
Royal Gold Inc
Company Overview
History and Background
Royal Gold Inc. was founded in 1981 and is a precious metals royalty and stream company. Its business model involves acquiring and managing royalty and stream interests on mining projects. This allows them to generate revenue from the production of precious metals without the operational risks associated with mining. Over the years, Royal Gold has grown by strategically acquiring interests in a diversified portfolio of projects across various jurisdictions.
Core Business Areas
- Royalty Interests: Royal Gold earns revenue when a mine produces gold, silver, or other precious metals and royalty payments are due. These are contractual rights to a portion of the revenue or profit from a mining operation.
- Stream Interests: This involves purchasing a percentage of a mine's metal production for a fixed or market-linked price. Streams offer a more predictable revenue stream compared to traditional royalties.
Leadership and Structure
Royal Gold, Inc. is a publicly traded company with a Board of Directors overseeing its strategic direction and an executive management team responsible for day-to-day operations. Key leadership positions include the Chairman of the Board, President, CEO, and various VPs overseeing finance, legal, and business development. The company operates with a lean corporate structure, focusing on managing its portfolio of royalties and streams.
Top Products and Market Share
Key Offerings
- Gold Royalties: Royal Gold's primary revenue driver comes from royalties on gold production. Market share data is not directly applicable as this is a revenue stream derived from other companies' mining operations. Competitors in the royalty and stream space include Franco-Nevada Corporation (FNV), Wheaton Precious Metals Corp. (WPM), and Osisko Gold Royalties Ltd (OR). Revenue from gold royalties is a significant portion of their overall revenue but specific percentages vary by reporting period.
- Silver Royalties: Similar to gold, silver royalties contribute to Royal Gold's income. Market share is not directly quantifiable for this specific 'product' as it's derived from third-party mining. Competitors are the same as those for gold royalties.
- Other Metal Royalties (Copper, Lead, Zinc): Royal Gold also holds interests in other base metals, which can include precious metals as byproducts. This diversifies their revenue. Competitors are the same as those for gold and silver royalties.
Market Dynamics
Industry Overview
The precious metals royalty and stream sector is a niche within the broader mining industry. It provides financing to mining companies while mitigating direct operational risks. The industry is influenced by global commodity prices (gold, silver), mining company production levels, exploration success, and regulatory environments in mining jurisdictions.
Positioning
Royal Gold is a significant player in the precious metals royalty and stream sector, known for its diversified portfolio of high-quality assets and a prudent approach to acquisitions. Its competitive advantages include a strong balance sheet, experienced management, and a proven track record of generating consistent revenue streams from its interests.
Total Addressable Market (TAM)
The TAM for royalty and stream interests is tied to the global mining industry's output and financing needs. It's difficult to quantify a precise dollar value for TAM as it's a derived market. Royal Gold is well-positioned to capture a portion of this market through strategic acquisitions and by offering attractive financing solutions to mining companies.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of royalty and stream interests across multiple commodities and geographies.
- Strong financial position with a healthy balance sheet and access to capital.
- Experienced management team with a proven track record in the mining and finance sectors.
- Low operational overhead due to the royalty/stream business model.
- Established relationships with mining companies.
Weaknesses
- Reliance on third-party mining operations, which are subject to operational risks, commodity price fluctuations, and regulatory changes.
- Potential for concentration risk if a significant portion of revenue comes from a single large asset or operator.
- Lack of direct control over mine operations can lead to production disruptions outside of their influence.
Opportunities
- Acquisition of new royalty and stream interests from exploration and development companies.
- Increased demand for financing in the mining sector, particularly for junior and mid-tier producers.
- Rising precious metal prices, which increase the value of existing and future royalty revenues.
- Geographical expansion into new mining regions with favorable investment climates.
Threats
- Significant decline in gold and silver prices.
- Operational failures, accidents, or regulatory issues at mines in which they hold interests.
- Increased competition from other royalty and stream companies.
- Changes in tax regimes or mining regulations in operating jurisdictions.
- Economic downturns impacting global demand for commodities.
Competitors and Market Share
Key Competitors
- Franco-Nevada Corporation (FNV)
- Wheaton Precious Metals Corp. (WPM)
- Osisko Gold Royalties Ltd (OR)
Competitive Landscape
Royal Gold competes with a few major players in the royalty and stream sector. Its advantages lie in its diversified portfolio, strong financial management, and disciplined acquisition strategy. Disadvantages might include the scale of some of its larger competitors and their ability to execute more substantial transactions.
Major Acquisitions
Roosevelt Mining and Prospecting Co. Royalty Interest
- Year: 2023
- Acquisition Price (USD millions): 20
- Strategic Rationale: Acquired an additional 1% net smelter return (NSR) royalty on the Roosevelt mine, a strategically important asset that enhances their gold production exposure.
Monarch Mining Royalty and Stream Interests
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: Acquired royalty and stream interests on Monarch Mining's McKenzie Bay Project and other assets, diversifying their portfolio and increasing exposure to gold production.
Growth Trajectory and Initiatives
Historical Growth: Royal Gold has demonstrated consistent growth in revenue and asset base over the past decade, driven by strategic acquisitions of high-quality royalty and stream interests. They have successfully integrated these acquisitions, expanding their portfolio and diversifying their revenue streams.
Future Projections: Analyst estimates for Royal Gold's future growth are generally positive, anticipating continued revenue growth from existing assets and potential new acquisitions. Projections often consider expected production from their key royalty assets and the outlook for precious metal prices. Growth is expected to be steady rather than exponential, driven by strategic deal-making.
Recent Initiatives: Recent initiatives have focused on expanding their portfolio through accretive acquisitions, enhancing operational efficiency, and maintaining a strong financial position to capitalize on future opportunities. This includes actively seeking out attractive royalty and stream deals in promising mining jurisdictions.
Summary
Royal Gold Inc. is a well-established and financially sound precious metals royalty and stream company. Its diversified portfolio, experienced management, and low-overhead business model contribute to strong financial performance and consistent shareholder returns. The company's primary strengths lie in its strategic acquisitions and ability to generate stable cash flows. However, it remains susceptible to fluctuations in commodity prices and operational risks at third-party mines, which are key areas to monitor.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Royal Gold Inc. Investor Relations (Annual Reports, SEC Filings)
- Reputable financial news outlets and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data is an estimation based on industry reports and may not reflect precise current figures.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Royal Gold Inc
Exchange NASDAQ | Headquaters Denver, CO, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. William H. Heissenbuttel | ||
Sector Basic Materials | Industry Gold | Full time employees 30 | Website https://www.royalgold.com |
Full time employees 30 | Website https://www.royalgold.com | ||
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, molybdenum, and other metals. It operates in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.
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