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RGLD

RGLD

Royal Gold
$240.53
+0.73% Oct 21 close
MaterialsS&P 400
-13%+5%+22%+40%+57%Oct 2025Oct 2026Apr 2026
RGLDSPY
1W
+7.0%
1M
-3.6%
3M
+19.8%
6M
-4.0%
YTD
+9.1%
1Y
+31.4%

Live chart

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What they do

Royal Gold, Inc. 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.

Basic Materials · Gold

For information only · Important disclosures

Grades vs sector

Momentum
82nd percentile in sector
A-
12-1 return: +35.9%
Percentile within its GICS sector across the S&P 1500.
Growth
96th percentile in sector
A+
Revenue growth (YoY): +115.5%
Percentile within its GICS sector across the S&P 1500.
Value
22nd percentile in sector
D
Forward E/P: 5.3% · EBITDA/EV: 6.2%
Percentile within its GICS sector across the S&P 1500.
Profitability
82nd percentile in sector
A-
Profit margin: +48.1% · Return on equity: +13.6%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Royal Gold (RGLD) files 8-K: results
SEC 8-K · Oct 20

Key stats

52-week range$167.67 – $302.40
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 98%
•Piotroski F-score4/9
▲Net debt / EBITDA0.2x

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$255
+6%
growth 12% · disc. 10.2% · term. 2.0%
Base
$476
+98%
growth 20% · disc. 9.2% · term. 2.5%
Bull
$800
+233%
growth 24% · disc. 8.2% · term. 3.0%

Starting cash flow is mid-cycle: 67.7% average margin × current revenue = 1.0B (last 12 months: 1.0B at a 68% margin). On trailing cash flow the base case would be $474.

Reverse DCFfor context, not a signal
Not enough data to run a reverse DCF.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Materials

P/E (trailing)
sector median 20.6×
–
Forward P/E
sector median 12.7×
–
EV / EBITDA
sector median 11.1×
–
Price / sales
sector median 1.4×
–
Price / book
sector median 2.3×
–
FCF yield
sector median 4.7%
–

Quality & financial health

Gross margin
66.8%
Operating margin
61.4%
FCF margin
67.5%
Net margin
47.7%
Return on equity
9.7%
Return on invested capital
9.9%
Net debt / EBITDA
0.2×
Current ratio
2.9×
Interest cover
559.0×
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 4/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✓ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$1.0B$466.3M$704.8M
2024$719.4M$332.0M$529.5M
2023$605.7M$239.4M$415.8M
2022$603.2M$239.0M$417.3M
2021$653.6M$274.0M$461.9M
2021$615.9M$302.5M$407.2M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +19.5%.

Earnings

Next report: –
No EPS history available.

Stats refreshed – ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

COTEAU

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026