Royal Gold (RG3) Stock Price & Analysis
RG3 Stock Chart & Stats
- Day’s Range
- EUR 204.10 - EUR 207.40
- 52-Week Range
- EUR 147.60 - EUR 264.90
- Previous Close
- EUR 212.80
- Volume
- 30
- Average Volume (3M)
- 57
- Market Cap
- EUR 17.36B
- Enterprise Value
- EUR 17.24B
- Total Cash (Recent Filing)
- EUR 182.47M
- Total Debt (Recent Filing)
- EUR 395.89M
- Price to Earnings (P/E)
- 24.9
- Beta
- 0.65
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 2.46
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 0.83%
Bulls Say, Bears Say
Bulls Say
High Profitability And Margins
Royal Gold’s very high profitability reflects the attractive economics of royalty and streaming interests, which generally avoid direct mine operating and sustaining costs. Strong margins provide resilience, support reinvestment, and create durable capacity for dividends, buybacks, and new asset acquisitions.
Diversified Royalty And Streaming Portfolio
Broad exposure across assets and operators reduces dependence on any individual mine and helps smooth disruptions, production changes, or operator-specific issues. The limited contribution from the largest asset strengthens earnings durability and supports more predictable cash generation over coming quarters.
Strong Liquidity And Low Leverage
A conservatively levered balance sheet gives Royal Gold flexibility to fund commitments, pursue attractive royalty or streaming opportunities, and maintain shareholder returns. Substantial liquidity and planned debt reduction also reduce financing pressure if commodity markets or project timing become less favorable.
Bears Say
Weak And Volatile Free-cash-flow Conversion
The wide gap between operating cash flow and free cash flow indicates that investment or working-capital requirements can absorb substantial cash despite strong reported earnings. If this pattern persists, it may constrain shareholder distributions, acquisitions, and the company’s ability to self-fund commitments.
Hod Maden Funding And Timing Exposure
Royal Gold still faces meaningful future funding obligations and a long development timetable at Hod Maden, even after reducing its direct interest to 15%. Further spending and delayed production could defer expected returns, increase execution uncertainty, and compete with other uses of capital.
Exposure To Variable Metal And Operator Outcomes
Royal Gold’s revenue depends on metal prices, production volumes, recoveries, and contractual adjustments at third-party operations. Antamina’s historically volatile NPI deductions illustrate how asset-specific factors can change realized revenue and make results less predictable even without a change in portfolio strategy.
RG3 FAQ
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Royal Gold Stock Smart Score
Company Description
Royal Gold
Royal Gold, Inc. and its subsidiaries engage in the acquisition and oversight of precious metal streams, royalty agreements, and related rights. The company's strategy involves securing these interests or providing capital for projects, whether currently producing or in their development phase, in exchange for future streams or royalty entitlements. Its portfolio primarily encompasses gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, Royal Gold maintained ownership stakes in 185 properties spanning five continents, featuring interests in 41 operating mines and 19 projects under development. These stream and royalty holdings are distributed across various international regions, including the United States, Canada, Chile, the Dominican Republic, Australia, Africa, and Mexico. Royal Gold, Inc. was founded in 1981 and is headquartered in Denver, Colorado.
- Sector
- Basicmaterials
- Industry
- Gold
- CEO
- William H. Heissenbuttel
- Employees
- 39
- Website
- www.royalgold.com
- Address
- 1144 15th Street, Denver, CO, 80202-1161, US
Royal Gold (RG3) Earnings & Revenues
RG3 Company Deck
RG3 Earnings Call
Earnings Call SentimentPositive
The call highlights a materially stronger and larger business with record cash generation, substantial revenue and earnings growth, high margins, improved liquidity, active capital returns and multiple positive operational updates across newly acquired and existing assets. Key near-term negatives are higher DD&A and some increased interest and G&A costs, the variability tied to Antamina NPI and base-metal revenues, a front-loaded Relief Canyon delivery that accelerates revenue recognition, and remaining funding obligations (notably the 15% Hod Maden interest). Overall the positive financial and operational developments, liquidity improvements and successful portfolio simplification outweigh the identified challenges.
View all DE:RG3 earnings summariesRG3 Net sales Breakdown
- 69.06% Stream interests
- 30.94% Royalty interests
RG3 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 5 | 14 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 1 | 0 | 11 |
