Royal Gold's asset-light streaming model is delivering exceptional financial performance, with revenue surging 114.9% year-over-year in 2026Q2 to $450.5M and operating cash flow reaching $628.7M, 2.66 times net income.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 114.9% year-over-year in 2026Q2, with operating margin expanding to 62.1%, though gross margin compressed from 87.2% to 64.6% over five quarters.
Royal Gold provides investors with exposure to precious metals while mitigating risks associated with traditional producers.
The company has demonstrated consistent financial performance, as evidenced by its recent quarterly and annual results.
Royal Gold is recognized as a gold standard in precious metal investing, highlighting its strong market position.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $2.80+1.1% vs $2.77 | $465M+1.1% vs $460M |
Q3 2026 Aug 5, 2026 | $2.56+0.4% vs $2.55 | $451M-1.8% vs $459M |
Q2 2026 May 6, 2026 | $3.11+12.3% vs $2.77 | $469M-0.6% vs $472M |
Q1 2026 Feb 18, 2026 | $1.92-25.9% vs $2.59 | $375M-4.2% vs $392M |
Royal Gold NASDAQ: RGLD reported record sales volume and operating cash flow in the third quarter of 2026, as higher metals prices and contributions from acquired assets helped lift revenue 84% from a year earlier.
Royal Gold, Inc. ( RGLD ) Q3 2026 Earnings Call November 5, 2026 12:00 PM EST Company Participants Alistair Baker - Senior Vice President of Investor Relations & Business Development of Royal Gold Corp. William Heissenbuttel - President, CEO & Director Martin Raffield - Senior Vice President of Operations Paul Libner - Senior VP & CFO Daniel Breeze - Senior Vice President of Corporate Development - RGLD Gold AG Conference Call Participants Cosmos Chiu - CIBC Capital Markets, Research Division Derick Ma - TD Cowen, Research Division Daniel Major - UBS Investment Bank, Research Division Samuel Overwater - Scotiabank Global Banking and Markets, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the Royal Gold, Inc. 2026 Third Quarter Conference Call.
DENVER--(BUSINESS WIRE)--Royal Gold Reports Strong 3rd Qtr Results Incl. Record Operating Cash Flow & GEO Sales, Add'l Share Repurchases & Full Repayment of Debt after Qtr End.
The consensus price target hints at a 27.3% upside potential for Royal Gold (RGLD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Benchmark RGLD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Royal Gold, Inc. (RGLD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $265.81 | $22.56B | 39.73 | 44.57% | 45.25% | 9.02% | 0.64% | |
| $136.31 | $61.9B | 41.43 | 83.33% | 64.66% | 22.96% | 0.49% | |
| $254.95 | $49.17B | 43.51 | 63.69% | 63.79% | 19.08% | 0.56% | |
| $36.22 | $6.79B | 32.63 | 47.52% | 78.04% | 19.57% | 0.52% | |
| $120.91 | $127.4B | 18.86 | 19.08% | 39.2% | 26.29% | 0.83% | |
| $191.57 | $97B | 21.62 | 43.71% | 41.02% | 22.39% | 0.75% |
Royal Gold, Inc. (RGLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Royal Gold, Inc. (RGLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 21, 2026·SEC
May 26, 2026·SEC
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Royal Gold, Inc. (RGLD) stock FAQ — growth, dividends, profitability & financials explained
Royal Gold, Inc. (RGLD) reported $1.55B in revenue over the trailing twelve months. Revenue was $1.03B in fiscal year 2025. That is 12467% more than the $8.2M of fiscal year 1996.
Royal Gold, Inc. (RGLD) grew revenue by 44.6% in fiscal year 2025, compared with the prior fiscal year.
Yes. Royal Gold, Inc. (RGLD) earned $738.0M in net income over the trailing twelve months (a 47.7% net margin).
Yes. Royal Gold, Inc. (RGLD) pays a dividend that yields 0.64% at the current price, a small yield.
Royal Gold, Inc. (RGLD) had a return on equity (ROE) of 9.0% in fiscal year 2025. That is below the market's typical 10-15%.
Royal Gold, Inc. (RGLD) generated $344.2M in free cash flow over the trailing twelve months.
