Royal Gold Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 RGLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RGLD ($128.51) is trading below our estimate of fair value ($181.76)

Significantly Below Fair Value: RGLD is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RGLD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14.7x
Enterprise Value/EBITDA18.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RGLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.3x
BVN Compañía de Minas BuenaventuraA
187x48.0%US$4.5b
AEM Agnico Eagle Mines
71.6x12.2%US$33.7b
AUCO.Y Polymetal International
4xn/aUS$899.9m
DRD DRDGOLD
10.5xn/aUS$758.1m
RGLD Royal Gold
37.9xn/aUS$8.4b

Price-To-Earnings vs Peers: RGLD is good value based on its Price-To-Earnings Ratio (37.9x) compared to the peer average (129.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: RGLD is expensive based on its Price-To-Earnings Ratio (37.9x) compared to the US Metals and Mining industry average (14.8x).


Price to Earnings Ratio vs Fair Ratio

What is RGLD'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.

RGLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RGLD'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 RGLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$128.51
US$151.58
+18.0%
8.9%US$167.00US$129.00n/a12
May ’25US$120.85
US$151.29
+25.2%
9.7%US$168.00US$129.00n/a12
Apr ’25US$122.47
US$143.17
+16.9%
12.0%US$166.00US$115.00n/a12
Mar ’25US$105.65
US$142.33
+34.7%
11.7%US$166.00US$115.00n/a12
Feb ’25US$116.99
US$146.36
+25.1%
8.8%US$160.00US$120.00n/a11
Jan ’25US$120.96
US$143.45
+18.6%
8.5%US$160.00US$120.00n/a11
Dec ’24US$122.84
US$142.64
+16.1%
8.6%US$160.00US$120.00n/a11
Nov ’24US$104.69
US$146.36
+39.8%
9.5%US$175.00US$120.00n/a11
Oct ’24US$106.33
US$148.09
+39.3%
9.5%US$175.00US$122.00n/a11
Sep ’24US$111.44
US$145.77
+30.8%
10.5%US$175.00US$122.00n/a13
Aug ’24US$115.78
US$145.54
+25.7%
10.4%US$175.00US$122.00n/a13
Jul ’24US$114.78
US$147.69
+28.7%
9.0%US$175.00US$122.00n/a13
Jun ’24US$126.77
US$148.38
+17.1%
8.1%US$175.00US$122.00n/a13
May ’24US$133.18
US$147.62
+10.8%
8.7%US$175.00US$122.00US$120.8513
Apr ’24US$129.71
US$141.77
+9.3%
7.0%US$155.00US$119.00US$122.4713
Mar ’24US$120.80
US$142.08
+17.6%
6.8%US$155.00US$119.00US$105.6513
Feb ’24US$130.57
US$140.92
+7.9%
6.4%US$155.00US$119.00US$116.9913
Jan ’24US$112.72
US$133.31
+18.3%
8.2%US$150.00US$113.00US$120.9613
Dec ’23US$114.00
US$134.25
+17.8%
8.0%US$150.00US$113.00US$122.8412
Nov ’23US$97.13
US$135.17
+39.2%
8.7%US$150.00US$108.00US$104.6912
Oct ’23US$93.82
US$137.58
+46.6%
9.1%US$154.00US$110.00US$106.3312
Sep ’23US$89.04
US$138.75
+55.8%
9.3%US$155.00US$110.00US$111.4412
Aug ’23US$105.59
US$145.00
+37.3%
11.4%US$175.00US$114.00US$115.7812
Jul ’23US$110.25
US$155.17
+40.7%
7.9%US$175.00US$130.00US$114.7812
Jun ’23US$114.44
US$156.33
+36.6%
7.2%US$175.00US$130.00US$126.7712
May ’23US$130.48
US$154.92
+18.7%
7.7%US$175.00US$128.00US$133.1813

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


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