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Royal Gold ( (RGLD) ) has provided an update.
On March 31, 2026, Royal Gold issued calendar 2026 guidance calling for higher sales volumes of gold, silver and copper versus 2025, detailed assumptions for key assets such as Andacollo, Cortez, Kansanshi, Mount Milligan and Pueblo Viejo, and projected DD&A of $339 million to $379 million with an effective tax rate of 17% to 22%. The company expects increased depletion in 2026 from the full-year impact of its Sandstorm, Horizon and Kansanshi interests, and anticipates a modest second-half weighting of metal sales.
Royal Gold also introduced its inaugural five-year outlook, projecting total annual production of 430,000 to 480,000 gold-equivalent ounces driven by expansions at assets like Khoemacau and Platreef and new production from projects including Corani, Great Bear and Hod Maden NSR, while excluding its direct Hod Maden joint venture interest and assets expected to start beyond the five-year window. In a further move to strengthen its balance sheet, the company repaid $125 million on its revolving credit facility on March 12, 2026, and it published its 2025/2026 Asset Handbook to provide investors with detailed information on its portfolio and long-term growth pipeline.
The most recent analyst rating on (RGLD) stock is a Hold with a $259.00 price target. To see the full list of analyst forecasts on Royal Gold stock, see the RGLD Stock Forecast page.
Spark’s Take on RGLD Stock
According to Spark, TipRanks’ AI Analyst, RGLD is a Neutral.
The score is supported primarily by strong underlying financial performance and a constructive earnings-call outlook (record results, diversification, and improving debt trajectory). It is held back by weak technicals (downtrend with negative momentum) and a relatively rich valuation with a low dividend yield.
To see Spark’s full report on RGLD stock, click here.
More about Royal Gold
Royal Gold, Inc. is a large-cap, high-margin company focused on precious metal streams, royalties and similar production-based interests, primarily in mining-friendly jurisdictions. Listed on Nasdaq under the ticker RGLD, it provides growth, value and income investors with exposure to the metals and mining industry through a diversified portfolio of gold, silver, copper and other metal interests.
The company generates strong cash flows from its globally diversified asset base, which includes both principal properties and a broader portfolio acquired over time, such as the Sandstorm and Horizon interests. Its business model emphasizes long-life assets, limited operating risk exposure and capital-light participation in mining sector upside, underpinning its positioning as a key player in the royalty and streaming segment of the metals market.
Average Trading Volume: 1,122,232
Technical Sentiment Signal: Buy
Current Market Cap: $20.25B
For an in-depth examination of RGLD stock, go to TipRanks’ Overview page.