RG
Royal Gold Inc
RGLD—
Royal Gold Inc AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin 66.9% TTM vs industry median 0% - royalty model eliminates operating cost exposure typical of miners[Operating Margin TTM]
- FCF of -607M TTM driven by 1.2B capex (acquisitions) funded by 775M debt issuance - aggressive portfolio expansion[Free Cash Flow TTM]
- Net margin 56% TTM with ROE 14.9% and debt/equity 0.23 - high profitability with conservative leverage[Net Margin TTM]
Watch Triggers
- Operating Cash Flow TTM: Falls below 500M — Signals new acquisitions underperforming or counterparty mine issues
- Debt to Equity: Rises above 0.40 — Would indicate aggressive leverage for acquisitions beyond prudent levels
- Total Revenue TTM: Growth below 10% over next 12 months — 1.2B deployed should yield meaningful revenue expansion; stagnation = poor capital allocation
Bull Case
Royalty model delivers 67% operating margin vs 0% industry median - no mine-level cost inflation, labor, or capex risk
Operating Margin TTMGross Margin TTM
1.2B deployed in acquisitions at 0.23 debt/equity - portfolio growth without overleveraging balance sheet
Capital Expenditure TTMDebt to Equity
Bear Case
P/S ratio 16.8x vs industry median 6.1x and P/E 29.4x - premium valuation leaves little margin for execution missteps
PS RatioPE Ratio
Revenue concentration risk: 858M TTM from royalty streams dependent on counterparty mine operations and gold prices
Total Revenue TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Recent 1.2B acquisition spend should drive revenue growth as new royalty streams mature
1-3ymed
- 993M net PPE purchases TTM indicate major stream/royalty acquisitions
- Operating cash flow 604M TTM provides base for debt servicing
- Debt/equity still conservative at 0.23 post-acquisition
Capital expenditure TTM: -1.2BLong-term debt issuance: 775MOperating cash flow: 604M TTM
Valuation Context
Caveats
Public Strategies Rankings
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RGLD Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Mining (except Oil and Gas)
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$17.45B | — | ||
$18.05B | — | ||
36 | — | ||
$857.71M | +28.1% | — | |
$7.45 | +70.8% | — | |
66.9% | +10.7% | — | |
56.0% | +13.0% | — | |
$-607.17M | — | ||
0.15 | +5.1% | — | |
Beta 5Y (Monthly) | unknown | — |
RGLD Dividend History
94 dividends
2026
$0.475001/02/26$0.4750
2025
$1.800010/03/25$0.4500
07/03/25$0.4500
04/04/25$0.4500
01/03/25$0.4500
2024
$1.600010/04/24$0.4000
07/05/24$0.4000
04/04/24$0.4000
01/04/24$0.4000
2023
$1.500010/05/23$0.3750
07/06/23$0.3750
04/05/23$0.3750
01/05/23$0.3750
2022
$1.400010/06/22$0.3500
06/30/22$0.3500
03/31/22$0.3500
01/06/22$0.3500
2021
$1.200009/30/21$0.3000
07/01/21$0.3000
03/31/21$0.3000
01/07/21$0.3000
2020
$1.120010/01/20$0.2800
07/01/20$0.2800
04/02/20$0.2800
01/02/20$0.2800
2019
$1.060010/03/19$0.2650
07/03/19$0.2650
04/04/19$0.2650
01/03/19$0.2650
2018
$1.000010/04/18$0.2500
07/05/18$0.2500
04/05/18$0.2500
01/04/18$0.2500
2017
$0.960010/05/17$0.2400
07/05/17$0.2400
04/05/17$0.2400
01/04/17$0.2400
2016
$0.920009/28/16$0.2300
06/29/16$0.2300
03/30/16$0.2300
01/06/16$0.2300
2015
$0.660009/30/15$0.2200
06/30/15$0.2200
03/31/15$0.2200
2014
$0.850012/30/14$0.2200
10/01/14$0.2100
07/01/14$0.2100
04/02/14$0.2100
2013
$1.010012/31/13$0.2100
10/02/13$0.2000
07/02/13$0.2000
04/03/13$0.2000
01/02/13$0.2000
2012
$0.600010/03/12$0.1500
07/03/12$0.1500
04/03/12$0.1500
01/04/12$0.1500
2011
$0.440009/28/11$0.1100
06/29/11$0.1100
03/30/11$0.1100
01/05/11$0.1100
2010
$0.270009/29/10$0.0900
06/30/10$0.0900
03/30/10$0.0900
2009
$0.330012/30/09$0.0900
09/30/09$0.0800
06/30/09$0.0800
04/01/09$0.0800
2008
$0.360012/30/08$0.0800
10/01/08$0.0700
07/01/08$0.0700
04/02/08$0.0700
01/02/08$0.0700
2007
$0.260010/03/07$0.0650
07/03/07$0.0650
04/03/07$0.0650
01/03/07$0.0650
2006
$0.220010/04/06$0.0550
07/05/06$0.0550
04/05/06$0.0550
01/04/06$0.0550
2005
$0.200010/05/05$0.0500
07/06/05$0.0500
04/06/05$0.0500
01/05/05$0.0500
2004
$0.112509/29/04$0.0375
06/30/04$0.0375
03/31/04$0.0375
2003
$0.087512/30/03$0.0375
07/01/03$0.0500
2002
$0.125012/31/02$0.0500
07/02/02$0.0750
2001
$0.050007/03/01$0.0500
2000
$0.050007/03/00$0.0500
RGLD Stock Splits
No stock splits
RGLD SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/13/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/15/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/16/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
11/04/21 | 09/30/21 | 10-Q | |
08/12/21 | 06/30/21 | 10-K | |
05/06/21 | 03/31/21 | 10-Q | |
02/04/21 | 12/31/20 | 10-Q | |
11/05/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-K | |
05/07/20 | 03/31/20 | 10-Q | |
02/06/20 | 12/31/19 | 10-Q | |
11/07/19 | 09/30/19 | 10-Q | |
08/08/19 | 06/30/19 | 10-K | |
05/02/19 | 03/31/19 | 10-Q | |
02/07/19 | 12/31/18 | 10-Q | |
11/01/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-K | |
05/03/18 | 03/31/18 | 10-Q | |
02/08/18 | 12/31/17 | 10-Q | |
11/02/17 | 09/30/17 | 10-Q | |
08/10/17 | 06/30/17 | 10-K | |
05/10/17 | 03/31/17 | 10-Q | |
02/02/17 | 12/31/16 | 10-Q | |
11/03/16 | 09/30/16 | 10-Q | |
08/11/16 | 06/30/16 | 10-K | |
04/28/16 | 03/31/16 | 10-Q | |
02/04/16 | 12/31/15 | 10-Q | |
11/05/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-K | |
04/30/15 | 03/31/15 | 10-Q | |
01/29/15 | 12/31/14 | 10-Q | |
10/30/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-K | |
05/01/14 | 03/31/14 | 10-Q | |
01/30/14 | 12/31/13 | 10-Q | |
11/07/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-K | |
05/02/13 | 03/31/13 | 10-Q | |
01/31/13 | 12/31/12 | 10-Q | |
11/01/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-K | |
05/03/12 | 03/31/12 | 10-Q | |
02/02/12 | 12/31/11 | 10-Q | |
11/03/11 | 09/30/11 | 10-Q | |
08/18/11 | 06/30/11 | 10-K | |
05/06/11 | 03/31/11 | 10-Q | |
02/04/11 | 12/31/10 | 10-Q | |
11/05/10 | 09/30/10 | 10-Q | |
08/26/10 | 06/30/10 | 10-K | |
05/07/10 | 03/31/10 | 10-Q | |
02/05/10 | 12/31/09 | 10-Q | |
11/06/09 | 09/30/09 | 10-Q | |
08/21/09 | 06/30/09 | 10-K | |
05/11/09 | 03/31/09 | 10-Q | |
02/06/09 | 12/31/08 | 10-Q | |
11/10/08 | 09/30/08 | 10-Q | |
08/20/08 | 06/30/08 | 10-K | |
05/01/08 | 03/30/08 | Unknown | -- |
02/08/08 | 12/31/07 | 10-Q | |
11/01/07 | 09/30/07 | 10-Q | |
08/22/07 | 06/30/07 | 10-K | |
05/04/07 | 03/30/07 | Unknown | -- |
02/09/07 | 12/31/06 | 10-Q | |
11/08/06 | 09/30/06 | 10-Q | |
09/06/06 | 06/30/06 | 10-K | |
05/09/06 | 03/30/06 | Unknown | -- |
02/08/06 | 12/31/05 | 10-Q | |
11/07/05 | 09/30/05 | 10-Q | |
08/30/05 | 06/30/05 | 10-K | |
05/06/05 | 03/30/05 | Unknown | -- |
02/09/05 | 12/31/04 | 10-Q | |
11/08/04 | 09/30/04 | 10-Q | |
09/13/04 | 06/30/04 | 10-K | |
05/10/04 | 03/30/04 | Unknown | -- |
02/13/04 | 12/31/03 | 10-Q | |
11/12/03 | 09/30/03 | 10-Q | |
08/29/03 | 06/30/03 | 10-K | |
05/13/03 | 03/30/03 | Unknown | -- |
02/14/03 | 12/31/02 | 10-Q | |
11/08/02 | 09/30/02 | 10-Q | |
09/27/02 | 06/30/02 | 10-K | |
05/09/02 | 03/30/02 | Unknown | -- |
02/14/02 | 12/31/01 | 10-Q | |
11/08/01 | 09/30/01 | 10-Q | |
09/26/01 | 06/30/01 | 10-K405 | |
05/10/01 | 03/30/01 | Unknown | -- |
02/08/01 | 12/31/00 | 10-Q | |
11/14/00 | 09/30/00 | 10-Q | |
09/28/00 | 06/30/00 | 10-K | |
05/15/00 | 03/30/00 | Unknown | -- |