Royal Gold, Inc.

BIT:1RGLD Stock Report

Market Cap: €10.8b

Royal Gold Valuation

Is 1RGLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1RGLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€192.75
Fair Value
16.4% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: 1RGLD (€161.1) is trading below our estimate of fair value (€192.75)

Significantly Below Fair Value: 1RGLD is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1RGLD?

Key metric: As 1RGLD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1RGLD. This is calculated by dividing 1RGLD's market cap by their current earnings.
What is 1RGLD's PE Ratio?
PE Ratio30.5x
EarningsUS$398.36m
Market CapUS$12.14b

Price to Earnings Ratio vs Peers

How does 1RGLD's PE Ratio compare to its peers?

The above table shows the PE ratio for 1RGLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.6x
BZU Buzzi
9.2x1.4%€8.7b
SOL SOL
26.3x9.1%€3.9b
CEM Cementir Holding
12.6x9.5%€2.2b
600489 Zhongjin GoldLtd
18.4x18.6%CN¥66.8b
1RGLD Royal Gold
30.5x3.7%€12.1b

Price-To-Earnings vs Peers: 1RGLD is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (16.6x).

Price to Earnings Ratio vs Industry

How does 1RGLD's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1RGLD 30.5xIndustry Avg. 12.0xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1RGLD is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the European Metals and Mining industry average (12x).

Price to Earnings Ratio vs Fair Ratio

What is 1RGLD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1RGLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1RGLD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1RGLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€161.10
€179.01
+11.1%
7.3%€197.27€151.06n/a11
May ’26€158.80
€174.11
+9.6%
6.8%€194.32€148.80n/a11
Apr ’26n/a
€160.45
0%
8.0%€176.11€128.84n/a10
Mar ’26n/a
€164.09
0%
7.9%€179.35€131.65n/a10
Feb ’26n/a
€165.12
0%
7.7%€178.56€134.40n/a10
Jan ’26n/a
€160.91
0%
8.0%€175.77€132.30n/a11
Dec ’25n/a
€160.05
0%
8.5%€175.77€132.30n/a11
Nov ’25n/a
€152.76
0%
10.3%€170.44€123.20n/a11
Oct ’25n/a
€144.71
0%
9.7%€166.23€120.15n/a11
Sep ’25n/a
€143.56
0%
9.0%€157.87€118.18n/a11
Aug ’25n/a
€145.60
0%
9.3%€160.76€120.34n/a12
Jul ’25n/a
€143.64
0%
8.9%€157.30€121.72n/a12
Jun ’25n/a
€141.51
0%
8.9%€154.63€119.44n/a12
May ’25n/a
€141.11
0%
9.7%€156.69€120.32€158.8012
Apr ’25n/a
€132.24
0%
12.0%€153.33€106.23n/a12
Mar ’25n/a
€131.35
0%
11.7%€153.18€106.12n/a12
Feb ’25n/a
€134.65
0%
8.8%€147.20€110.40n/a11
Jan ’25n/a
€131.86
0%
8.5%€147.07€110.30n/a11
Dec ’24n/a
€133.19
0%
8.6%€149.41€112.06n/a11
Nov ’24n/a
€138.18
0%
9.5%€165.22€113.29n/a11
Oct ’24n/a
€140.08
0%
9.5%€165.53€115.40n/a11
Sep ’24n/a
€134.06
0%
10.5%€160.95€112.20n/a13
Aug ’24n/a
€131.57
0%
10.4%€158.20€110.29n/a13
Jul ’24n/a
€135.89
0%
9.0%€161.02€112.25n/a13
Jun ’24n/a
€137.34
0%
8.1%€161.98€112.92n/a13
May ’24n/a
€133.67
0%
8.7%€158.46€110.47n/a13
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
€175.99
Fair Value
8.5% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/11 02:37
End of Day Share Price 2025/05/09 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Royal Gold, Inc. is covered by 32 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Farooq HamedBarclays
Garrett NelsonBB&T Capital Markets
Matthew MurphyBMO Capital Markets Equity Research