Royal Gold
Market Cap
US$7.5b
Last Updated
2020/01/27 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests.
Rewards
Risk Analysis
No risks detected for RGLD from our risk checks.
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Royal Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RGLD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
RGLD
-5.3%
US Metals and Mining
-2.7%
US Market
1 Year Return
37.5%
RGLD
6.2%
US Metals and Mining
21.2%
US Market
Return vs Industry: RGLD exceeded the US Metals and Mining industry which returned 17.5% over the past year.
Return vs Market: RGLD exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| RGLD | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | -5.3% | -2.7% |
| 30 Day | -6.0% | -7.5% | 0.09% |
| 90 Day | -5.6% | 1.4% | 6.9% |
| 1 Year | 38.9%37.5% | 9.3%6.2% | 23.8%21.2% |
| 3 Year | 69.5%63.8% | -3.6%-8.8% | 48.1%38.6% |
| 5 Year | 69.7%58.8% | 27.2%17.3% | 72.5%53.4% |
Price Volatility Vs. Market
How volatile is Royal Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Royal Gold (NASDAQ:RGLD) Has A Pretty Healthy Balance Sheet4 weeks ago | Simply Wall St
Should You Buy Royal Gold, Inc. (NASDAQ:RGLD) For Its Upcoming Dividend In 2 Days?1 month ago | Simply Wall St
What Kind Of Shareholders Own Royal Gold, Inc. (NASDAQ:RGLD)?Valuation
Is Royal Gold undervalued compared to its fair value and its price relative to the market?
7.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RGLD ($114.09) is trading below our estimate of fair value ($121.09)
Significantly Below Fair Value: RGLD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RGLD is poor value based on its PE Ratio (49.2x) compared to the Metals and Mining industry average (11.4x).
PE vs Market: RGLD is poor value based on its PE Ratio (49.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: RGLD is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: RGLD is overvalued based on its PB Ratio (3.4x) compared to the US Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Royal Gold forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RGLD's forecast earnings growth (15.4% per year) is above the savings rate (1.7%).
Earnings vs Market: RGLD's earnings (15.4% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: RGLD's earnings are forecast to grow, but not significantly.
Revenue vs Market: RGLD's revenue (8.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: RGLD's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RGLD's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has Royal Gold performed over the past 5 years?
-1.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RGLD has high quality earnings.
Growing Profit Margin: RGLD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RGLD's earnings have declined by -1.3% per year over the past 5 years.
Accelerating Growth: RGLD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RGLD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.6%).
Return on Equity
High ROE: RGLD's Return on Equity (6.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Royal Gold's financial position?
Financial Position Analysis
Short Term Liabilities: RGLD's short term assets ($164.2M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: RGLD's short term assets ($164.2M) do not cover its long term liabilities ($293.2M).
Debt to Equity History and Analysis
Debt Level: RGLD's debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: RGLD's debt to equity ratio has reduced from 13.2% to 7.4% over the past 5 years.
Debt Coverage: RGLD's debt is well covered by operating cash flow (170%).
Interest Coverage: RGLD's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Inventory Level: RGLD has a low level of unsold assets or inventory.
Debt Coverage by Assets: RGLD's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Royal Gold's current dividend yield, its reliability and sustainability?
0.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RGLD's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: RGLD's dividend (1%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: RGLD's dividends per share have been stable in the past 10 years.
Growing Dividend: RGLD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.1%), RGLD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RGLD's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).
Next Steps
Management
What is the CEO of Royal Gold's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Bill Heissenbuttel (54yo)
0yrs
Tenure
US$1,784,714
Compensation
Mr. William H. Heissenbuttel, also known as Bill, serves as President, Chief Executive Officer and Director of Royal Gold, Inc. since January 02, 2020. Mr. Heissenbuttel was the Chief Financial Officer and ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD1.78M) is below average for companies of similar size in the US market ($USD6.46M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.2yrs
Average Tenure
50yo
Average Age
Experienced Management: RGLD's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: RGLD's board of directors are considered experienced (5.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 10,032 |
| Max Price | US$134.70 |
| Entity | Individual |
| Shares | 1,593 |
| Max Price | US$132.72 |
| Entity | Individual |
| Shares | 1,417 |
| Max Price | US$127.16 |
| Entity | Individual |
| Shares | 46,570 |
| Max Price | US$124.59 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman of the Board |
| Shares | 18,369 |
| Max Price | US$125.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,930 |
| Max Price | US$94.77 |
| Entity | Individual |
| Shares | 31,936 |
| Max Price | US$93.62 |
| Entity | Individual |
| Shares | 26,592 |
| Max Price | US$92.22 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Bill Heissenbuttel (54yo)
President
- Compensation: US$1.78m
Mark Isto (59yo)
Executive VP & COO
- Tenure: 3.5yrs
- Compensation: US$1.54m
Jason Hynes (41yo)
Director of Business Development & Global Sales
- Tenure: 6.5yrs
Paul Libner
CFO & Treasurer
Dan Breeze (46yo)
Vice President of Corporate Development at RGLD Gold AG
- Tenure: 1.3yrs
- Compensation: US$1.21m
Alistair Baker
Director of Business Development
- Tenure: 4.8yrs
Randy Shefman
VP & General Counsel
Board Members
Jamie Sokalsky (62yo)
Independent Director
- Tenure: 4.4yrs
- Compensation: US$220.35k
Sybil Veenman (55yo)
Independent Director
- Tenure: 3yrs
- Compensation: US$223.35k
Bill Hayes (74yo)
Independent Chairman of the Board
- Tenure: 5.7yrs
- Compensation: US$356.35k
Chris Thompson (71yo)
Independent Director
- Tenure: 5.7yrs
- Compensation: US$217.35k
Ron Vance (67yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$232.35k
Bill Heissenbuttel (54yo)
President
- Compensation: US$1.78m
C. McArthur (64yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$223.35k
Company Information
Royal Gold, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Royal Gold, Inc.
- Ticker: RGLD
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Gold
- Sector: Materials
- Market Cap: US$7.489b
- Shares outstanding: 65.59m
- Website: https://www.royalgold.com
Number of Employees
Location
- Royal Gold, Inc.
- 1660 Wynkoop Street
- Suite 1000
- Denver
- Colorado
- 80202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RGLD | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1981 |
| RG3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1981 |
| 0KXS | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1981 |
| RGLD * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 1981 |
Biography
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum. As of June 30, 2019, the company owned interests in 186 properties on 5 continents, including interests on 41 producing mines and 16 development stage projects. Its principal producing stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Ghana, and Mexico. The company also holds stream and royalty interests in mines and projects in other countries, including Argentina, Australia, Bolivia, Botswana, Brazil, Burkina Faso, Guatemala, Honduras, Macedonia, Nicaragua, Peru, Russia, Spain, and Tunisia. Royal Gold, Inc. was founded in 1981 and is based in Denver, Colorado.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/27 23:50 |
| End of Day Share Price | 2020/01/27 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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 here.