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Royal Gold (DE:RG3)
NASDAQ:RG3
RG3 Stock Chart & Stats
€241.40
€2.80(2.17%)
At close: 4:00 PM EST
€241.40
€2.80(2.17%)
Day’s Range― - ―
52-Week Range€130.70 - €264.90
Previous CloseN/A
Volume0.00
Average Volume (3M)183.00
Market Cap
€20.48B
Enterprise Value€19.17B
Total Cash (Recent Filing)€233.72M
Total Debt (Recent Filing)€965.61M
Price to Earnings (P/E)40.6
Beta0.38
Next Earnings
May 06, 2026EPS Estimate
2.59Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.63
Shares Outstanding84,810,100
10 Day Avg. Volume185
30 Day Avg. Volume183
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)2.16
Price to Sales (P/S)14.98
P/FCF Ratio21.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€263.40Price Target Upside9.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)10.86
Revenue Forecast (FY)€1.70B
Bulls Say, Bears Say
Bulls Say
High And Durable ProfitabilityRoyal Gold's business model (royalties/streams) delivers very high margins and strong operating profitability, shown by TTM net margin above 50% and adjusted EBITDA margin of ~82% in 2025. High margin capture from downstream metal sales is a structural advantage that supports cash flows, reinvestment and dividend durability versus operating miners.
Broader, Deeper Asset PortfolioRecent M&A (Sandstorm, Horizon Copper, new streams) materially diversified Royal Gold's asset base across metals and jurisdictions, reducing concentration risk and creating multiple development-to-production pathways. A larger, multi-asset portfolio increases optionality for future volume growth and lengthens revenue visibility over the medium term.
Strong Operating Cash Flow, Liquidity And Dividend Track RecordRoyal Gold generates robust operating cash flow that supported record cash from operations in 2025, sizeable liquidity and accelerated debt paydown. The company's long history of annual dividend increases (25 years) combined with ample revolver capacity and stated earlier debt retirement materially strengthens its ability to fund distributions and selectively finance growth.
Bears Say
Negative And Volatile Free Cash FlowDespite very strong operating cash flow, free cash flow has been uneven and negative in the latest TTM and prior years. Sustained FCF volatility limits the firm's ability to self-fund acquisitions, capital contributions or faster debt reduction without using revolver capacity, making financing cadence and capital allocation less predictable over the medium term.
Step-up In Leverage And Higher Interest CostsThe company increased borrowings for acquisitions, producing higher interest expense and an absolute rise in debt after years of minimal leverage. Elevated interest costs and higher absolute debt increase sensitivity to any cash-flow shortfalls and reduce financial flexibility for future deals or unexpected capex, even with manageable leverage ratios today.
Operator/project Funding And Timing UncertaintyRoyal Gold depends on third-party operators for production and faces project-level funding choices (e.g., Hod Maden JV funding or conversion). Large capex obligations and uncertain outcomes/timing for JV conversion expose the company to execution and funding risk that can affect future attributable volumes and cash flows across multiple years.
Royal Gold News
RG3 FAQ
What was Royal Gold’s price range in the past 12 months?
Royal Gold lowest stock price was €130.70 and its highest was €264.90 in the past 12 months.
What is Royal Gold’s market cap?
Royal Gold’s market cap is €20.48B.
When is Royal Gold’s upcoming earnings report date?
Royal Gold’s upcoming earnings report date is May 06, 2026 which is in 62 days.
How were Royal Gold’s earnings last quarter?
Royal Gold released its earnings results on Feb 18, 2026. The company reported €1.628 earnings per share for the quarter, missing the consensus estimate of €2.2 by -€0.572.
Is Royal Gold overvalued?
According to Wall Street analysts Royal Gold’s price is currently Undervalued.
Does Royal Gold pay dividends?
Royal Gold does not currently pay dividends.
What is Royal Gold’s EPS estimate?
Royal Gold’s EPS estimate is 2.59.
How many shares outstanding does Royal Gold have?
Royal Gold has 84,810,100 shares outstanding.
What happened to Royal Gold’s price movement after its last earnings report?
Royal Gold reported an EPS of €1.628 in its last earnings report, missing expectations of €2.2. Following the earnings report the stock price went down -1.996%.
Which hedge fund is a major shareholder of Royal Gold?
Currently, no hedge funds are holding shares in DE:RG3
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Royal Gold Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
€263.40 (9.11% Upside)
€263.40 (9.11% Upside)
Blogger Sentiment
Bullish
DE:RG3 Sentiment 70%
Sector Average 65%
Sector Average 65%
Insider Transactions
Sold Shares
Worth $1.8M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
92.26%
12-Months-Change
Fundamentals
Return on Equity
9.07%
Trailing 12-Months
Asset Growth
181.17%
Trailing 12-Months
Company Description
Royal Gold
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, 2022, the Company owned interests in 185 properties on five continents, including interests on 41 producing mines and 19 development stage projects. Its stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.
RG3 Company Deck
RG3 Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: record revenue, cash flow and adjusted earnings, meaningful portfolio diversification via acquisitions, continued dividend growth, and faster-than-expected debt reduction. The primary negatives are largely transactional and one-time in nature (integration costs, a onetime Versamet share loss, higher DD&A from purchase accounting) and short-term delivery/timing variability and project-level uncertainties (Hod Maden, Pueblo Viejo recovery questions). Management characterizes most negatives as nonrecurring and expects a steadier profile in 2026, supporting a favorable outlook.View all DE:RG3 earnings summariesRG3 Revenue Breakdown
69.06% Stream interests
30.94% Royalty interests
RG3 Stock 12 Month Forecast
Average Price Target
€263.40
▲(9.11% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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