Royal Gold（1RGLD）株式概要ロイヤル・ゴールド社は、その子会社とともに、貴金属ストリーム、ロイヤルティ、および関連権益の取得と管理を行っている。 詳細1RGLD ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長3/6過去の実績4/6財務の健全性4/6配当金0/6報酬収益は年間19.13%増加すると予測されています 過去1年間で収益は59.1%増加しました アナリストらは、株価が47.2%上昇するだろうとほぼ一致している。 リスク分析過去3か月間に大規模なインサイダー売却が発生 過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見る1RGLD Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€197.102.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-120m3b2016201920222025202620282031Revenue US$2.8bEarnings US$1.4bAdvancedSet Fair ValueView all narrativesRoyal Gold, Inc. 競合他社BuzziSymbol: BIT:BZUMarket cap: €8.0bSOLSymbol: BIT:SOLMarket cap: €5.4bAlamos GoldSymbol: TSX:AGIMarket cap: CA$25.0bEvolution MiningSymbol: ASX:EVNMarket cap: AU$25.4b価格と性能株価の高値、安値、推移の概要Royal Gold過去の株価現在の株価US$197.1052週高値US$269.9052週安値US$131.30ベータ0.441ヶ月の変化-14.16%3ヶ月変化-17.12%1年変化29.84%3年間の変化n/a5年間の変化n/aIPOからの変化23.11%最新ニュースRecent Insider Transactions • May 14Senior VP & General Counsel recently sold €207k worth of stockOn the 11th of May, Randy Shefman sold around 1k shares on-market at roughly €207 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €981k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.Buy Or Sell Opportunity • May 11Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €208. The fair value is estimated to be €172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.お知らせ • May 09Royal Gold, Inc. (NasdaqGS:RGLD) announces an Equity Buyback for $500 million worth of its shares.Royal Gold, Inc. (NasdaqGS:RGLD) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$3.32 (vs US$1.73 in 1Q 2025)First quarter 2026 results: EPS: US$3.32 (up from US$1.73 in 1Q 2025). Revenue: US$465.8m (up 143% from 1Q 2025). Net income: US$281.1m (up 148% from 1Q 2025). Profit margin: 60% (up from 59% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.お知らせ • Apr 21Royal Gold, Inc. to Report Q1, 2026 Results on May 06, 2026Royal Gold, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026お知らせ • Apr 07Royal Gold, Inc., Annual General Meeting, May 21, 2026Royal Gold, Inc., Annual General Meeting, May 21, 2026.最新情報をもっと見るRecent updatesRecent Insider Transactions • May 14Senior VP & General Counsel recently sold €207k worth of stockOn the 11th of May, Randy Shefman sold around 1k shares on-market at roughly €207 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €981k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.Buy Or Sell Opportunity • May 11Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €208. The fair value is estimated to be €172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.お知らせ • May 09Royal Gold, Inc. (NasdaqGS:RGLD) announces an Equity Buyback for $500 million worth of its shares.Royal Gold, Inc. (NasdaqGS:RGLD) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$3.32 (vs US$1.73 in 1Q 2025)First quarter 2026 results: EPS: US$3.32 (up from US$1.73 in 1Q 2025). Revenue: US$465.8m (up 143% from 1Q 2025). Net income: US$281.1m (up 148% from 1Q 2025). Profit margin: 60% (up from 59% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.お知らせ • Apr 21Royal Gold, Inc. to Report Q1, 2026 Results on May 06, 2026Royal Gold, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026お知らせ • Apr 07Royal Gold, Inc., Annual General Meeting, May 21, 2026Royal Gold, Inc., Annual General Meeting, May 21, 2026.お知らせ • Mar 31Royal Gold, Inc. Provides Sales Guidance for the Year 2026Royal Gold, Inc. provided sales guidance for the year 2026. For the year, the company expects total gold sales of 290,000 oz to 320,000 oz, silver to be in the range of 3.0 million oz to 3.5 million oz and Copper to be 21.0 million lb to 25.0 million lb. The company expects the midpoints of the 2026 sales volumes to be 32%, 8% and 40% higher for gold, silver and copper, respectively, than actual sales volumes in 2025. Sales from Other Metals are expected to be relatively minor and the range provided assumes 2026 prices of $7.30/lb for nickel, $1.35/lb for zinc, and $0.91/lb for lead, which are the metals that are expected to provide most of this component of sales. Sales volumes are expected to be split approximately 48%/52% between the first half and second half of 2026.Buy Or Sell Opportunity • Mar 19Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at €194. The fair value is estimated to be €256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €194, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €238 per share.お知らせ • Feb 27+ 1 more updateHighlander Silver Corp. (TSX:HSLV) completed the acquisition of Bear Creek Mining Corporation (TSXV:BCM).Highlander Silver Corp. (TSX:HSLV) entered into a term sheet to acquire Bear Creek Mining Corporation (TSXV:BCM) for approximately CAD 130 million on November 12, 2025. Highlander Silver Corp. entered into a definitive Arrangement Agreement to acquire Bear Creek Mining Corporation for approximately CAD 130 million on December 18, 2025. Bear Creek Shareholders will receive 0.1175 common shares in the capital of Highlander Silver (the “Highlander Shares”, and such ratio being the “Exchange Ratio”) in exchange for each Bear Creek Share held immediately prior to the effective time of the Arrangement. Upon completion of the Arrangement, existing holders of Highlander Shares and former Bear Creek Shareholders will own approximately 82% and 18% of the total issued and outstanding Highlander Shares, respectively, on a fully-diluted basis. Highlander Silver expects to issue an aggregate of approximately 34,450,672 Highlander Shares to the Bear Creek Shareholders, based on the Bear Creek Shares outstanding as at the date of this announcement. Highlander Silver may also issue up to approximately 346,253 additional Highlander Shares subject to, as part of the Arrangement, the conversion into Bear Creek Shares of certain convertible securities of Bear Creek at the effective time of the Arrangement. The combined company will be managed by the Highlander Silver executive team, supported by key Bear Creek personnel. In case of termination, Highlander Silver Corp. will pay a termination fee of $8 million and seller will pay a termination fee of $8 million. The Transaction is expected to close on April 17, 2026, with the right to extend for up to an additional 120 days, subject to the receipt of all required court, regulatory and stock exchange approvals. Following completion of the Arrangement, the Highlander Shares will remain listed on the Toronto Stock Exchange and the Bear Creek Shares will be delisted from the TSXV. The Arrangement will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and will require the approval of: (i) at least 66% of votes cast by Bear Creek Shareholders, (ii) 66% of the votes cast by the Bear Creek Shareholders and holders of the stock options, RSUs and DSUs (collectively, the “Bear Creek Securityholders”), voting together as a single class, and, if required, (iii) a simple majority of the votes cast by disinterested shareholders of Bear Creek, excluding for this purpose the votes held by any person required under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Arrangement will require approval of a simple majority of votes cast by Highlander Shareholders. The board of directors of Highlander Silver (the “Highlander Board”), after consultation with its outside financial and legal advisors, unanimously approved, among other things, the Arrangement, the subscription for Bear Creek Shares under the Private Placement and the Debt Settlement Arrangements. The Bear Creek Board unanimously recommends that Bear Creek Shareholders vote in favor of approving the Arrangement at the Bear Creek Meeting. As of January 9, 2026, Highlander Silver Corp. and Bear Creek Mining Corporation have amended their arrangement agreement to remove the requirement for Highlander Silver shareholder approval. As of February 19, 2026, Bear Creek Shareholders approved the transaction. The Arrangement is expected to close in late February. BMO Nesbitt Burns Inc. and Stifel Nicolaus Canada Inc. have provided fairness opinions to the Bear Creek Board in connection with the Transaction. Canaccord Genuity Corp. and Minmetals Securities Co., Ltd., headquartered in China, are acting as financial advisors to Highlander Silver. Alan Hutchison of Osler, Hoskin & Harcourt LLP is acting as legal advisor to Highlander Silver. BMO Nesbitt Burns Inc. and BLB Advisory EIRL are acting as financial advisors to Bear Creek. Stifel Nicolaus Canada Inc. is acting as independent financial advisor to the Special Committee. Fred R. Pletcher of Borden Ladner Gervais LLP is acting as Canadian legal advisors to Bear Creek. The Laurel Hill Advisory Group LLC acted as information agent for Bear Creek Mining Corporation. Endeavor Trust Corporation acted as depositary bank for Bear Creek Mining Corporation. Computershare Investor Services Inc. acted as transfer agent for Bear Creek Mining Corporation. Highlander Silver Corp. (TSX:HSLV) completed the acquisition of Bear Creek Mining Corporation (TSXV:BCM) on February 26, 2026.New Risk • Feb 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (€1.3m sold).Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$6.72 (vs US$5.06 in FY 2024)Full year 2025 results: EPS: US$6.72 (up from US$5.06 in FY 2024). Revenue: US$1.02b (up 43% from FY 2024). Net income: US$466.3m (up 40% from FY 2024). Profit margin: 46% (down from 47% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Europe.お知らせ • Jan 13Royal Gold, Inc. to Report Q4, 2025 Results on Feb 18, 2026Royal Gold, Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026New Risk • Jan 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding).Upcoming Dividend • Dec 23Upcoming dividend of US$0.47 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 16 January 2026. Payout ratio is a comfortable 6.2% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (4.8%). Lower than average of industry peers (2.6%).Recent Insider Transactions • Dec 14Independent Director recently sold €93k worth of stockOn the 11th of December, Ronald Vance sold around 500 shares on-market at roughly €186 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €168k. Insiders have been net sellers, collectively disposing of €545k more than they bought in the last 12 months.Declared Dividend • Nov 24Dividend of US$0.47 announcedShareholders will receive a dividend of US$0.47. Ex-date: 30th December 2025 Payment date: 16th January 2026 Dividend yield will be 0.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 19Royal Gold, Inc. Announces Quarterly Dividend, Payable on January 16, 2026Royal Gold, Inc. announced that its Board of Directors approved an increase in the Company’s annual calendar year common stock dividend of approximately 6% from $1.80 to $1.90 per share for 2026, payable on a quarterly basis of $0.475 per share. The first quarterly dividend at the increased rate is payable on January 16, 2026, to shareholders of record at the close of business on January 2, 2026.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$1.93 (vs US$1.47 in 3Q 2024)Third quarter 2025 results: EPS: US$1.93 (up from US$1.47 in 3Q 2024). Revenue: US$252.1m (up 31% from 3Q 2024). Net income: US$126.8m (up 32% from 3Q 2024). Profit margin: 50% (in line with 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe.Buy Or Sell Opportunity • Nov 03Now 21% undervaluedOver the last 90 days, the stock has risen 7.4% to €149. The fair value is estimated to be €189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 104% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.New Risk • Oct 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Oct 21+ 1 more updateRoyal Gold, Inc. (NasdaqGS:RGLD) completed the acquisition of Sandstorm Gold Ltd. (TSX:SSL).Royal Gold, Inc. (NasdaqGS:RGLD) signed a letter of intent to acquire Sandstorm Gold Ltd. (TSX:SSL) for $3.3 billion on May 29, 2025. Royal Gold, Inc entered into agreement to acquire Sandstorm Gold Ltd on July 6, 2025. The consideration consists of common equity of Royal Gold, Inc. at a ratio of 0.0625 per common equity of Sandstorm Gold Ltd. Royal Gold and Sandstorm shareholders will own approximately 77% and 23% of the combined company. In related transaction, Royal Gold, Inc. entered into agreement to acquire Horizon Copper Corp. on July 6, 2025. The Sandstorm Arrangement Agreement contains customary deal protections, including non-solicitation, “fiduciary out”, and “right to match” provisions in respect of Sandstorm, and non-solicitation and “fiduciary out” provisions in respect of Royal Gold, as well as a $200 million or $130 million termination fee payable to Sandstorm or Royal Gold, respectively, as the case may be, under certain circumstances. The transaction is subject to approval by Royal Gold and Sandstorm’s shareholders, approval of the Supreme Court of British Columbia, completion of the Horizon Transaction, the listing of shares of Royal Gold’s stock to be issued in the transaction on Nasdaq, anti trust approvals and regulatory clearances. Royal Gold and Sandstorm board approved the deal. The transaction is expected to complete in fourth quarter of 2025. The transaction is Accretive to NAV for Royal Gold shareholders. On September 15, 2025, Sandstorm Gold Ltd. has filed its notice of meeting, management information circular and related documents with securities regulators in connection with the special meeting which is to be held on October 9, 2025 at 8:00 a.m. (Vancouver time). As of October 9, 2025, Sandstorm Shareholders vote for the special resolution and approved the proposed arrangement with Royal Gold Inc. As on September 29, 2025, the transaction has received all government regulatory approvals, including the Investment Canada Act, the Competition Act (Canada), the South African antitrust approval and is expected to close early in the fourth quarter of 2025. As of October 10, 2025, Royal Gold, Inc. shareholders approved the transaction. Subject to the satisfaction or waiver of the closing conditions, it is anticipated that both the Sandstorm Transaction and the Horizon Transaction will close on October 20, 2025. As of October 15, 2025, the Supreme Court of British Columbia has granted the final order in connection with the Company’s plan of arrangement. Scotiabank, Inc. acted as financial advisor for Royal Gold, Inc. Roger Taplin,Adam Taylor,Shawn Doyle,Gerald Gaunt,Dominique Amyot-Bilodeau,David P. Badour,John W. Boscariol,Jade Buchanan,Natalie Estevan,Jason Gudofsky,Étienne Guertin,Joannie Jacques,Matthew Kraemer,Gideon Kwinter,Selina Lee-Andersen,Patrick McCay,William D. McCullough,Anne-Marie McDonald,Donovan Plomp,William G. S,Konstantin Sobolevski,Adam Taylor,Adam Wanke and Gregory Winfield of McCarthy acted as legal advisor for Royal Gold, Inc. Ryan Dzierniejko and Blair Thetford of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Royal Gold, Inc. Richards, Layton & Finger, P.A. acted as legal advisor for Royal Gold, Inc. Raymond James Ltd. acted as financial advisor for Royal Gold, Inc. BMO Capital Markets acted as financial advisor for Sandstorm Gold Ltd. Cassels Brock & Blackwell LLP acted as legal advisor for Sandstorm Gold Ltd. Crowell & Moring LLP acted as legal advisor for Sandstorm Gold Ltd. National Bank of Canada Financial Markets acted as financial advisor for Sandstorm Gold Ltd. Fasken Martineau DuMoulin LLP acted as legal advisor for Sandstorm Gold Ltd. CIBC World Markets, Inc. acted as financial advisor for Sandstorm Gold Ltd. Each of BMO and NBF have provided a fairness opinion to Sandstorm’s Board of Directors. CIBC World Markets Inc. has provided a fixed fee independent fairness opinion to the Sandstorm Special Committee. Aaron Dixon of Alston & Bird LLP represented Scotiabank, Inc. as financial advisor. Saratoga Proxy Consulting, LLC acted as a information agent to Royal Gold. Miranda & Amado and Bustamante Fabara acted as legal advisor to Royal Gold. Royal Gold, Inc. (NasdaqGS:RGLD) completed the acquisition of Sandstorm Gold Ltd. (TSX:SSL) on October 20, 2025. On completion, the Sandstorm Shares will be delisted from the Toronto Stock Exchange and the New York Stock Exchange.お知らせ • Oct 14Royal Gold, Inc. to Report Q3, 2025 Results on Nov 05, 2025Royal Gold, Inc. announced that they will report Q3, 2025 results on Nov 05, 2025New Risk • Sep 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Aug 20Royal Gold, Inc. Declares Dividend for the Fourth Quarter of 2025, Payable on October 17, 2025Royal Gold, Inc. announced that its Board of Directors has declared its fourth quarter dividend of $0.45 per share of common stock. The dividend is payable on October 17, 2025, to shareholders of record at the close of business on October 3, 2025.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: US$2.01 (vs US$1.24 in 2Q 2024)Second quarter 2025 results: EPS: US$2.01 (up from US$1.24 in 2Q 2024). Revenue: US$209.6m (up 22% from 2Q 2024). Net income: US$132.3m (up 63% from 2Q 2024). Profit margin: 63% (up from 47% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe.お知らせ • Jul 09Royal Gold, Inc. to Report Q2, 2025 Results on Aug 06, 2025Royal Gold, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025お知らせ • Jul 07+ 1 more updateRoyal Gold, Inc. (NasdaqGS:RGLD) entered into agreement to acquire Horizon Copper Corp. (TSXV:HCU) for approximately CAD 170 million.Royal Gold, Inc. (NasdaqGS:RGLD) entered into agreement to acquire Horizon Copper Corp. (TSXV:HCU) for approximately CAD 170 million July 7, 2025. Royal Gold will acquire 100% of the issued share capital of Horizon in exchange for cash of CAD 2 per share. In related transaction, Royal Gold, Inc. entered into agreement to acquire Sandstorm Gold Ltd. on July 7, 2025. The Horizon Arrangement Agreement contains customary deal protections, including non-solicitation, "fiduciary out", and "right to match" provisions in respect of Horizon, as well as a CAD 13.6 million termination fee payable by Horizon Copper in certain circumstances and a CAD 20.4 million reverse termination fee payable by Royal Gold in certain circumstances. The completion of the Horizon Transaction is subject to customary closing conditions, as well as the approval by Horizon’s shareholders described above, the approval of the Supreme Court of British Columbia, completion of the Sandstorm Transaction (which can be waived by Royal Gold in its sole discretion), and regulatory clearances or approvals. The Transactions are expected to close in the fourth quarter of 2025. Scotiabank, Inc. acted as financial advisor for Royal Gold, Inc. McCarthy Tétrault US LLP acted as legal advisor for Royal Gold, Inc. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Royal Gold, Inc. Richards, Layton & Finger, P.A. acted as legal advisor for Royal Gold, Inc. Raymond James Ltd. acted as financial advisor for Royal Gold, Inc. Fort Capital Partners Ontario and Cormark Securities Inc. as financial advisor, Gowling WLG (Canada) LLP act as legal advisor for Horizon Copper Corp.Buy Or Sell Opportunity • Jul 07Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €140. The fair value is estimated to be €176, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.Buy Or Sell Opportunity • Jun 16Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €156. The fair value is estimated to be €197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.Board Change • May 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Mark Isto was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 22Royal Gold, Inc. Announces Third Quarter Dividend, Payable on July 17, 2025Royal Gold, Inc. announced that its Board of Directors has declared its third quarter dividend of $0.45 per share of common stock. The dividend is payable on July 17, 2025, to shareholders of record at the close of business on July 3, 2025.株主還元1RGLDIT Metals and MiningIT 市場7D-2.0%5.1%1.0%1Y29.8%91.6%18.6%株主還元を見る業界別リターン: 1RGLD過去 1 年間で91.6 % の収益を上げたItalian Metals and Mining業界を下回りました。リターン対市場: 1RGLD過去 1 年間で18.6 % の収益を上げたItalian市場を上回りました。価格変動Is 1RGLD's price volatile compared to industry and market?1RGLD volatility1RGLD Average Weekly Movement6.2%Metals and Mining Industry Average Movement8.6%Market Average Movement5.1%10% most volatile stocks in IT Market8.3%10% least volatile stocks in IT Market3.1%安定した株価: 1RGLD 、 Italian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1RGLDの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト198139Bill Heissenbuttelwww.royalgold.comロイヤル・ゴールド社は、その子会社とともに、貴金属ストリーム、ロイヤリティ、および関連権益の取得と管理を行っている。同社は、主に金、銀、銅、ニッケル、亜鉛、鉛、その他の金属からなるストリーム権益やロイヤルティ権益の取得、またはストリーム権益やロイヤルティ権益と引き換えに、生産中、開発中、または探鉱段階にあるプロジェクトへの融資に従事している。米国、カナダ、チリ、ドミニカ共和国、オーストラリア、アフリカ、メキシコ、および国際的に事業を展開している。ロイヤル・ゴールド社は1981年に設立され、コロラド州デンバーに本社を置いている。もっと見るRoyal Gold, Inc. 基礎のまとめRoyal Gold の収益と売上を時価総額と比較するとどうか。1RGLD 基礎統計学時価総額€17.57b収益（TTM）€545.48m売上高(TTM)€1.12b30.6xPER（株価収益率15.0xP/Sレシオ1RGLD は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1RGLD 損益計算書（TTM）収益US$1.30b売上原価US$166.76m売上総利益US$1.13bその他の費用US$495.36m収益US$633.91m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）7.47グロス・マージン87.13%純利益率48.91%有利子負債／自己資本比率8.0%1RGLD の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.8%現在の配当利回り0.2925%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/15 00:38終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Royal Gold, Inc. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関Farooq HamedBarclaysMatthew MurphyBMO Capital Markets Equity ResearchLawson WinderBofA Global Research24 その他のアナリストを表示
Recent Insider Transactions • May 14Senior VP & General Counsel recently sold €207k worth of stockOn the 11th of May, Randy Shefman sold around 1k shares on-market at roughly €207 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €981k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.
Buy Or Sell Opportunity • May 11Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €208. The fair value is estimated to be €172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.
お知らせ • May 09Royal Gold, Inc. (NasdaqGS:RGLD) announces an Equity Buyback for $500 million worth of its shares.Royal Gold, Inc. (NasdaqGS:RGLD) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$3.32 (vs US$1.73 in 1Q 2025)First quarter 2026 results: EPS: US$3.32 (up from US$1.73 in 1Q 2025). Revenue: US$465.8m (up 143% from 1Q 2025). Net income: US$281.1m (up 148% from 1Q 2025). Profit margin: 60% (up from 59% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Apr 21Royal Gold, Inc. to Report Q1, 2026 Results on May 06, 2026Royal Gold, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026
お知らせ • Apr 07Royal Gold, Inc., Annual General Meeting, May 21, 2026Royal Gold, Inc., Annual General Meeting, May 21, 2026.
Recent Insider Transactions • May 14Senior VP & General Counsel recently sold €207k worth of stockOn the 11th of May, Randy Shefman sold around 1k shares on-market at roughly €207 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €981k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.
Buy Or Sell Opportunity • May 11Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €208. The fair value is estimated to be €172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.
お知らせ • May 09Royal Gold, Inc. (NasdaqGS:RGLD) announces an Equity Buyback for $500 million worth of its shares.Royal Gold, Inc. (NasdaqGS:RGLD) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$3.32 (vs US$1.73 in 1Q 2025)First quarter 2026 results: EPS: US$3.32 (up from US$1.73 in 1Q 2025). Revenue: US$465.8m (up 143% from 1Q 2025). Net income: US$281.1m (up 148% from 1Q 2025). Profit margin: 60% (up from 59% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Apr 21Royal Gold, Inc. to Report Q1, 2026 Results on May 06, 2026Royal Gold, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026
お知らせ • Apr 07Royal Gold, Inc., Annual General Meeting, May 21, 2026Royal Gold, Inc., Annual General Meeting, May 21, 2026.
お知らせ • Mar 31Royal Gold, Inc. Provides Sales Guidance for the Year 2026Royal Gold, Inc. provided sales guidance for the year 2026. For the year, the company expects total gold sales of 290,000 oz to 320,000 oz, silver to be in the range of 3.0 million oz to 3.5 million oz and Copper to be 21.0 million lb to 25.0 million lb. The company expects the midpoints of the 2026 sales volumes to be 32%, 8% and 40% higher for gold, silver and copper, respectively, than actual sales volumes in 2025. Sales from Other Metals are expected to be relatively minor and the range provided assumes 2026 prices of $7.30/lb for nickel, $1.35/lb for zinc, and $0.91/lb for lead, which are the metals that are expected to provide most of this component of sales. Sales volumes are expected to be split approximately 48%/52% between the first half and second half of 2026.
Buy Or Sell Opportunity • Mar 19Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at €194. The fair value is estimated to be €256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €194, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €238 per share.
お知らせ • Feb 27+ 1 more updateHighlander Silver Corp. (TSX:HSLV) completed the acquisition of Bear Creek Mining Corporation (TSXV:BCM).Highlander Silver Corp. (TSX:HSLV) entered into a term sheet to acquire Bear Creek Mining Corporation (TSXV:BCM) for approximately CAD 130 million on November 12, 2025. Highlander Silver Corp. entered into a definitive Arrangement Agreement to acquire Bear Creek Mining Corporation for approximately CAD 130 million on December 18, 2025. Bear Creek Shareholders will receive 0.1175 common shares in the capital of Highlander Silver (the “Highlander Shares”, and such ratio being the “Exchange Ratio”) in exchange for each Bear Creek Share held immediately prior to the effective time of the Arrangement. Upon completion of the Arrangement, existing holders of Highlander Shares and former Bear Creek Shareholders will own approximately 82% and 18% of the total issued and outstanding Highlander Shares, respectively, on a fully-diluted basis. Highlander Silver expects to issue an aggregate of approximately 34,450,672 Highlander Shares to the Bear Creek Shareholders, based on the Bear Creek Shares outstanding as at the date of this announcement. Highlander Silver may also issue up to approximately 346,253 additional Highlander Shares subject to, as part of the Arrangement, the conversion into Bear Creek Shares of certain convertible securities of Bear Creek at the effective time of the Arrangement. The combined company will be managed by the Highlander Silver executive team, supported by key Bear Creek personnel. In case of termination, Highlander Silver Corp. will pay a termination fee of $8 million and seller will pay a termination fee of $8 million. The Transaction is expected to close on April 17, 2026, with the right to extend for up to an additional 120 days, subject to the receipt of all required court, regulatory and stock exchange approvals. Following completion of the Arrangement, the Highlander Shares will remain listed on the Toronto Stock Exchange and the Bear Creek Shares will be delisted from the TSXV. The Arrangement will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and will require the approval of: (i) at least 66% of votes cast by Bear Creek Shareholders, (ii) 66% of the votes cast by the Bear Creek Shareholders and holders of the stock options, RSUs and DSUs (collectively, the “Bear Creek Securityholders”), voting together as a single class, and, if required, (iii) a simple majority of the votes cast by disinterested shareholders of Bear Creek, excluding for this purpose the votes held by any person required under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Arrangement will require approval of a simple majority of votes cast by Highlander Shareholders. The board of directors of Highlander Silver (the “Highlander Board”), after consultation with its outside financial and legal advisors, unanimously approved, among other things, the Arrangement, the subscription for Bear Creek Shares under the Private Placement and the Debt Settlement Arrangements. The Bear Creek Board unanimously recommends that Bear Creek Shareholders vote in favor of approving the Arrangement at the Bear Creek Meeting. As of January 9, 2026, Highlander Silver Corp. and Bear Creek Mining Corporation have amended their arrangement agreement to remove the requirement for Highlander Silver shareholder approval. As of February 19, 2026, Bear Creek Shareholders approved the transaction. The Arrangement is expected to close in late February. BMO Nesbitt Burns Inc. and Stifel Nicolaus Canada Inc. have provided fairness opinions to the Bear Creek Board in connection with the Transaction. Canaccord Genuity Corp. and Minmetals Securities Co., Ltd., headquartered in China, are acting as financial advisors to Highlander Silver. Alan Hutchison of Osler, Hoskin & Harcourt LLP is acting as legal advisor to Highlander Silver. BMO Nesbitt Burns Inc. and BLB Advisory EIRL are acting as financial advisors to Bear Creek. Stifel Nicolaus Canada Inc. is acting as independent financial advisor to the Special Committee. Fred R. Pletcher of Borden Ladner Gervais LLP is acting as Canadian legal advisors to Bear Creek. The Laurel Hill Advisory Group LLC acted as information agent for Bear Creek Mining Corporation. Endeavor Trust Corporation acted as depositary bank for Bear Creek Mining Corporation. Computershare Investor Services Inc. acted as transfer agent for Bear Creek Mining Corporation. Highlander Silver Corp. (TSX:HSLV) completed the acquisition of Bear Creek Mining Corporation (TSXV:BCM) on February 26, 2026.
New Risk • Feb 24New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (€1.3m sold).
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$6.72 (vs US$5.06 in FY 2024)Full year 2025 results: EPS: US$6.72 (up from US$5.06 in FY 2024). Revenue: US$1.02b (up 43% from FY 2024). Net income: US$466.3m (up 40% from FY 2024). Profit margin: 46% (down from 47% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Jan 13Royal Gold, Inc. to Report Q4, 2025 Results on Feb 18, 2026Royal Gold, Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026
New Risk • Jan 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding).
Upcoming Dividend • Dec 23Upcoming dividend of US$0.47 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 16 January 2026. Payout ratio is a comfortable 6.2% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (4.8%). Lower than average of industry peers (2.6%).
Recent Insider Transactions • Dec 14Independent Director recently sold €93k worth of stockOn the 11th of December, Ronald Vance sold around 500 shares on-market at roughly €186 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €168k. Insiders have been net sellers, collectively disposing of €545k more than they bought in the last 12 months.
Declared Dividend • Nov 24Dividend of US$0.47 announcedShareholders will receive a dividend of US$0.47. Ex-date: 30th December 2025 Payment date: 16th January 2026 Dividend yield will be 0.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 19Royal Gold, Inc. Announces Quarterly Dividend, Payable on January 16, 2026Royal Gold, Inc. announced that its Board of Directors approved an increase in the Company’s annual calendar year common stock dividend of approximately 6% from $1.80 to $1.90 per share for 2026, payable on a quarterly basis of $0.475 per share. The first quarterly dividend at the increased rate is payable on January 16, 2026, to shareholders of record at the close of business on January 2, 2026.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: US$1.93 (vs US$1.47 in 3Q 2024)Third quarter 2025 results: EPS: US$1.93 (up from US$1.47 in 3Q 2024). Revenue: US$252.1m (up 31% from 3Q 2024). Net income: US$126.8m (up 32% from 3Q 2024). Profit margin: 50% (in line with 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe.
Buy Or Sell Opportunity • Nov 03Now 21% undervaluedOver the last 90 days, the stock has risen 7.4% to €149. The fair value is estimated to be €189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 104% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.
New Risk • Oct 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Oct 21+ 1 more updateRoyal Gold, Inc. (NasdaqGS:RGLD) completed the acquisition of Sandstorm Gold Ltd. (TSX:SSL).Royal Gold, Inc. (NasdaqGS:RGLD) signed a letter of intent to acquire Sandstorm Gold Ltd. (TSX:SSL) for $3.3 billion on May 29, 2025. Royal Gold, Inc entered into agreement to acquire Sandstorm Gold Ltd on July 6, 2025. The consideration consists of common equity of Royal Gold, Inc. at a ratio of 0.0625 per common equity of Sandstorm Gold Ltd. Royal Gold and Sandstorm shareholders will own approximately 77% and 23% of the combined company. In related transaction, Royal Gold, Inc. entered into agreement to acquire Horizon Copper Corp. on July 6, 2025. The Sandstorm Arrangement Agreement contains customary deal protections, including non-solicitation, “fiduciary out”, and “right to match” provisions in respect of Sandstorm, and non-solicitation and “fiduciary out” provisions in respect of Royal Gold, as well as a $200 million or $130 million termination fee payable to Sandstorm or Royal Gold, respectively, as the case may be, under certain circumstances. The transaction is subject to approval by Royal Gold and Sandstorm’s shareholders, approval of the Supreme Court of British Columbia, completion of the Horizon Transaction, the listing of shares of Royal Gold’s stock to be issued in the transaction on Nasdaq, anti trust approvals and regulatory clearances. Royal Gold and Sandstorm board approved the deal. The transaction is expected to complete in fourth quarter of 2025. The transaction is Accretive to NAV for Royal Gold shareholders. On September 15, 2025, Sandstorm Gold Ltd. has filed its notice of meeting, management information circular and related documents with securities regulators in connection with the special meeting which is to be held on October 9, 2025 at 8:00 a.m. (Vancouver time). As of October 9, 2025, Sandstorm Shareholders vote for the special resolution and approved the proposed arrangement with Royal Gold Inc. As on September 29, 2025, the transaction has received all government regulatory approvals, including the Investment Canada Act, the Competition Act (Canada), the South African antitrust approval and is expected to close early in the fourth quarter of 2025. As of October 10, 2025, Royal Gold, Inc. shareholders approved the transaction. Subject to the satisfaction or waiver of the closing conditions, it is anticipated that both the Sandstorm Transaction and the Horizon Transaction will close on October 20, 2025. As of October 15, 2025, the Supreme Court of British Columbia has granted the final order in connection with the Company’s plan of arrangement. Scotiabank, Inc. acted as financial advisor for Royal Gold, Inc. Roger Taplin,Adam Taylor,Shawn Doyle,Gerald Gaunt,Dominique Amyot-Bilodeau,David P. Badour,John W. Boscariol,Jade Buchanan,Natalie Estevan,Jason Gudofsky,Étienne Guertin,Joannie Jacques,Matthew Kraemer,Gideon Kwinter,Selina Lee-Andersen,Patrick McCay,William D. McCullough,Anne-Marie McDonald,Donovan Plomp,William G. S,Konstantin Sobolevski,Adam Taylor,Adam Wanke and Gregory Winfield of McCarthy acted as legal advisor for Royal Gold, Inc. Ryan Dzierniejko and Blair Thetford of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Royal Gold, Inc. Richards, Layton & Finger, P.A. acted as legal advisor for Royal Gold, Inc. Raymond James Ltd. acted as financial advisor for Royal Gold, Inc. BMO Capital Markets acted as financial advisor for Sandstorm Gold Ltd. Cassels Brock & Blackwell LLP acted as legal advisor for Sandstorm Gold Ltd. Crowell & Moring LLP acted as legal advisor for Sandstorm Gold Ltd. National Bank of Canada Financial Markets acted as financial advisor for Sandstorm Gold Ltd. Fasken Martineau DuMoulin LLP acted as legal advisor for Sandstorm Gold Ltd. CIBC World Markets, Inc. acted as financial advisor for Sandstorm Gold Ltd. Each of BMO and NBF have provided a fairness opinion to Sandstorm’s Board of Directors. CIBC World Markets Inc. has provided a fixed fee independent fairness opinion to the Sandstorm Special Committee. Aaron Dixon of Alston & Bird LLP represented Scotiabank, Inc. as financial advisor. Saratoga Proxy Consulting, LLC acted as a information agent to Royal Gold. Miranda & Amado and Bustamante Fabara acted as legal advisor to Royal Gold. Royal Gold, Inc. (NasdaqGS:RGLD) completed the acquisition of Sandstorm Gold Ltd. (TSX:SSL) on October 20, 2025. On completion, the Sandstorm Shares will be delisted from the Toronto Stock Exchange and the New York Stock Exchange.
お知らせ • Oct 14Royal Gold, Inc. to Report Q3, 2025 Results on Nov 05, 2025Royal Gold, Inc. announced that they will report Q3, 2025 results on Nov 05, 2025
New Risk • Sep 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Aug 20Royal Gold, Inc. Declares Dividend for the Fourth Quarter of 2025, Payable on October 17, 2025Royal Gold, Inc. announced that its Board of Directors has declared its fourth quarter dividend of $0.45 per share of common stock. The dividend is payable on October 17, 2025, to shareholders of record at the close of business on October 3, 2025.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: US$2.01 (vs US$1.24 in 2Q 2024)Second quarter 2025 results: EPS: US$2.01 (up from US$1.24 in 2Q 2024). Revenue: US$209.6m (up 22% from 2Q 2024). Net income: US$132.3m (up 63% from 2Q 2024). Profit margin: 63% (up from 47% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Jul 09Royal Gold, Inc. to Report Q2, 2025 Results on Aug 06, 2025Royal Gold, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025
お知らせ • Jul 07+ 1 more updateRoyal Gold, Inc. (NasdaqGS:RGLD) entered into agreement to acquire Horizon Copper Corp. (TSXV:HCU) for approximately CAD 170 million.Royal Gold, Inc. (NasdaqGS:RGLD) entered into agreement to acquire Horizon Copper Corp. (TSXV:HCU) for approximately CAD 170 million July 7, 2025. Royal Gold will acquire 100% of the issued share capital of Horizon in exchange for cash of CAD 2 per share. In related transaction, Royal Gold, Inc. entered into agreement to acquire Sandstorm Gold Ltd. on July 7, 2025. The Horizon Arrangement Agreement contains customary deal protections, including non-solicitation, "fiduciary out", and "right to match" provisions in respect of Horizon, as well as a CAD 13.6 million termination fee payable by Horizon Copper in certain circumstances and a CAD 20.4 million reverse termination fee payable by Royal Gold in certain circumstances. The completion of the Horizon Transaction is subject to customary closing conditions, as well as the approval by Horizon’s shareholders described above, the approval of the Supreme Court of British Columbia, completion of the Sandstorm Transaction (which can be waived by Royal Gold in its sole discretion), and regulatory clearances or approvals. The Transactions are expected to close in the fourth quarter of 2025. Scotiabank, Inc. acted as financial advisor for Royal Gold, Inc. McCarthy Tétrault US LLP acted as legal advisor for Royal Gold, Inc. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for Royal Gold, Inc. Richards, Layton & Finger, P.A. acted as legal advisor for Royal Gold, Inc. Raymond James Ltd. acted as financial advisor for Royal Gold, Inc. Fort Capital Partners Ontario and Cormark Securities Inc. as financial advisor, Gowling WLG (Canada) LLP act as legal advisor for Horizon Copper Corp.
Buy Or Sell Opportunity • Jul 07Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €140. The fair value is estimated to be €176, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
Buy Or Sell Opportunity • Jun 16Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €156. The fair value is estimated to be €197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
Board Change • May 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Mark Isto was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 22Royal Gold, Inc. Announces Third Quarter Dividend, Payable on July 17, 2025Royal Gold, Inc. announced that its Board of Directors has declared its third quarter dividend of $0.45 per share of common stock. The dividend is payable on July 17, 2025, to shareholders of record at the close of business on July 3, 2025.
