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RGLD

Royal GoldNasdaqGS:RGLD Stock Report

Market Cap

US$6.4b

7D

-4.5%

1Y

-13.0%

Updated

07 Dec, 2021

Data

Company Financials +
RGLD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

RGLD Stock Overview

Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests.

Royal Gold Competitors

Agnico Eagle Mines

NYSE:AEM

US$12.0b

Coeur Mining

NYSE:CDE

US$1.4b

Franco-Nevada

TSX:FNV

CA$32.6b

Wheaton Precious Metals

TSX:WPM

CA$23.1b

Price History & Performance

Summary of all time highs, changes and price drops for Royal Gold
Historical stock prices
Current Share PriceUS$98.07
52 Week HighUS$129.69
52 Week LowUS$92.01
Beta0.64
1 Month Change-6.74%
3 Month Change-11.25%
1 Year Change-12.96%
3 Year Change25.63%
5 Year Change45.35%
Change since IPO5,935.08%

Recent News & Updates

Nov 26

Royal Gold: Solid Growth Prospect

Royal Gold reported total revenues of $174.43 million, up 18.8% compared to the same quarter a year ago and 3.8% up from last quarter. Royal Gold reported a record production volume of 97.4K GEOs. The quarterly dividend has been raised to $0.35 per share in 2022. I recommend buying RGLD below $101.

Nov 22
Is Now The Time To Put Royal Gold (NASDAQ:RGLD) On Your Watchlist?

Is Now The Time To Put Royal Gold (NASDAQ:RGLD) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Nov 08
Estimating The Fair Value Of Royal Gold, Inc. (NASDAQ:RGLD)

Estimating The Fair Value Of Royal Gold, Inc. (NASDAQ:RGLD)

In this article we are going to estimate the intrinsic value of Royal Gold, Inc. ( NASDAQ:RGLD ) by taking the expected...

Nov 07

Royal Gold: Record Results With A Strong Year Ahead

Royal Gold released its fiscal Q1 2022 results last week, reporting record attributable sales volume of ~97,400 GEOs, translating to a more than 26% increase year-over-year. This helped Royal Gold to report record revenue of $174.4 million, which was up 19% year-over-year, as well as record adjusted quarterly earnings per share of $1.07. Based on updated FY2022 annual EPS estimates of $4.38, Royal Gold trades at just ~24x forward earnings, which is a very reasonable valuation for this high-margin precious metals play. Therefore, if we were to see further weakness and a pullback below $98.50, I would view this as a low-risk buying opportunity.

Oct 26
Royal Gold (NASDAQ:RGLD) Is Doing The Right Things To Multiply Its Share Price

Royal Gold (NASDAQ:RGLD) Is Doing The Right Things To Multiply Its Share Price

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Shareholder Returns

RGLDUS Metals and MiningUS Market
7D-4.5%-1.6%-2.6%
1Y-13.0%18.9%17.8%

Return vs Industry: RGLD underperformed the US Metals and Mining industry which returned 17.8% over the past year.

Return vs Market: RGLD underperformed the US Market which returned 16.5% over the past year.

Price Volatility

Is RGLD's price volatile compared to industry and market?
RGLD volatility
RGLD Average Weekly Movement3.3%
Metals and Mining Industry Average Movement8.7%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: RGLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RGLD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198128Bill Heissenbuttelhttps://www.royalgold.com

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, and cobalt. As of June 30, 2021, the company owned interests in 187 properties on five continents, including interests on 41 producing mines and 17 development stage projects.

Royal Gold Fundamentals Summary

How do Royal Gold's earnings and revenue compare to its market cap?
RGLD fundamental statistics
Market CapUS$6.44b
Earnings (TTM)US$265.77m
Revenue (TTM)US$635.97m

24.2x

P/E Ratio

10.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RGLD income statement (TTM)
RevenueUS$635.97m
Cost of RevenueUS$98.23m
Gross ProfitUS$537.74m
ExpensesUS$271.97m
EarningsUS$265.77m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.05
Gross Margin84.55%
Net Profit Margin41.79%
Debt/Equity Ratio3.7%

How did RGLD perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

31%

Payout Ratio

Does RGLD pay a reliable dividends?

See RGLD dividend history and benchmarks
When do you need to buy RGLD by to receive an upcoming dividend?
Royal Gold dividend dates
Ex Dividend DateJan 06 2022
Dividend Pay DateJan 21 2022
Days until Ex dividend30 days
Days until Dividend pay date45 days

Does RGLD pay a reliable dividends?

See RGLD dividend history and benchmarks

Valuation

Is Royal Gold undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RGLD ($98.07) is trading below our estimate of fair value ($208.62)

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


Price To Earnings Ratio

PE vs Industry: RGLD is poor value based on its PE Ratio (24.2x) compared to the US Metals and Mining industry average (9.1x).

PE vs Market: RGLD is poor value based on its PE Ratio (24.2x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: RGLD is poor value based on its PEG Ratio (13.2x)


Price to Book Ratio

PB vs Industry: RGLD is overvalued based on its PB Ratio (2.5x) compared to the US Metals and Mining industry average (2x).


Future Growth

How is Royal Gold forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RGLD's forecast earnings growth (1.8% per year) is below the savings rate (2%).

Earnings vs Market: RGLD's earnings (1.8% per year) are forecast to grow slower than the US market (13.8% per year).

High Growth Earnings: RGLD's earnings are forecast to grow, but not significantly.

Revenue vs Market: RGLD's revenue (3.2% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: RGLD's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RGLD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Royal Gold performed over the past 5 years?

43.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RGLD has high quality earnings.

Growing Profit Margin: RGLD's current net profit margins (41.8%) are lower than last year (45.1%).


Past Earnings Growth Analysis

Earnings Trend: RGLD has become profitable over the past 5 years, growing earnings by 43.2% per year.

Accelerating Growth: RGLD's earnings growth over the past year (12.7%) is below its 5-year average (43.2% per year).

Earnings vs Industry: RGLD earnings growth over the past year (12.7%) underperformed the Metals and Mining industry 102.1%.


Return on Equity

High ROE: RGLD's Return on Equity (10.4%) is considered low.


Financial Health

How is Royal Gold's financial position?


Financial Position Analysis

Short Term Liabilities: RGLD's short term assets ($232.1M) exceed its short term liabilities ($60.3M).

Long Term Liabilities: RGLD's short term assets ($232.1M) exceed its long term liabilities ($190.9M).


Debt to Equity History and Analysis

Debt Level: RGLD has more cash than its total debt.

Reducing Debt: RGLD's debt to equity ratio has reduced from 29.3% to 3.7% over the past 5 years.

Debt Coverage: RGLD's debt is well covered by operating cash flow (464.2%).

Interest Coverage: RGLD's interest payments on its debt are well covered by EBIT (98.2x coverage).


Balance Sheet


Dividend

What is Royal Gold current dividend yield, its reliability and sustainability?

1.43%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 07 2021Ex Dividend DateJan 06 2022Dividend Pay DateJan 21 202215 days from Ex DividendBuy in the next 30 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RGLD's dividend (1.43%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: RGLD's dividend (1.43%) is low compared to the top 25% of dividend payers in the US market (3.62%).


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 (30.8%), 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 (33.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Bill Heissenbuttel (56 yo)

1.92yrs

Tenure

US$3,042,284

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 ($USD3.04M) is below average for companies of similar size in the US market ($USD6.35M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: RGLD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: RGLD's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Royal Gold, Inc.'s 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$6.437b
  • Shares outstanding: 65.64m
  • Website: https://www.royalgold.com

Number of Employees


Location

  • Royal Gold, Inc.
  • 1144 15th Street
  • Suite 2500
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:19
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


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.