Stock Analysis
Royal Gold IncRGLD
P/E 27.33×· 5Y range 20.83–44.09×· bottom 24% of history
Sector: Financial Services · Industry: Mineral Royalty Traders
AnalystsStrong Buy21 analystsP/E 27.3× sits at the 24th percentile of its 5.0513347022587265-year history.
Cash covers 46% of debt · Q2 2026.
PMP Verdict
Strong business, attractive price
Strengths
- Financial Health88
- Growth77
Risks
- Quality45
High-quality business at an attractive price.
Market context
+2.2% today· Z 1.2σ
Bull Case
- ✓Altman Z 7.3 — safe-zone balance sheet
- ✓Revenue CAGR 13.7% — durable top-line growth
- ✓Interest coverage 9.9× — debt well covered
- ✓P/E 27.3× at bottom 24% of 5-year history
What's happening with RGLD
Profile
Strong financial health and growth; valuation and earnings quality lag behind.
How is each axis scored?
- Valuation42/100 · Weak
- P/E vs own history (24th pct)20/25
- FCF yield (0.0%)5/25
- P/S (13.0x)5/25
- EV/EBIT (21.5x)12/25
- Growth77/100 · Strong
- Revenue CAGR (13.7%)20/25
- Net income CAGR (11.4%)20/25
- EPS CAGR 5Y (9.8%)12/25
- Fwd implied growth (31.4%)25/25
- Profitability74/100 · Moderate
- ROIC (9.6%)12/25
- ROE (9.7%)12/25
- Net margin (47.7%)25/25
- Operating margin (61.4%)25/25
- Financial Health88/100 · Strong
- Altman Z (7.27)25/25
- Current ratio (2.92)25/25
- Interest coverage (9.9x)18/25
- Net cash / debt (D/A 2%)20/25
- Quality45/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (-2.25)20/25
- FCF conversion (0%)3/25
- Margin stability (σ 12.6%)12/25
- Moat55/100 · Moderate
- ROIC >12% years (0/9 yrs)0/25
- Median gross margin (49.3%)20/25
- FCF-positive years (3/5 yrs)10/25
- Worst-year net margin (worst 22.2%)25/25
Risk Flags
- ⚠2 loss-making years in recent history
About Royal Gold Inc
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. Show more
The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
Headquarters: DENVER, CO · Employees: 39 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
42D+P/E (TTM)27.3xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 20.8x–44.1x · 24th pct
P/FCF24.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
FCF Yield0.0%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -1.8%–0.0% · 51st pct · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
P/S (TTM)13.04xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 9.2x–24.7x · 42nd pct
EV/EBIT21.5xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 17.0x–38.9x · 13th pct
EV/Sales12.8xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E20.8xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.64xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.74A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.71%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio18.9%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Heavy investment: Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
Profitability
74B+ROIC9.6%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.7%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA9.0%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin47.7%A
Grade A: HighNet Income / Revenue
Operating Margin61.4%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin61.3%A
Grade A: PremiumGross Profit / Revenue
FCF Margin0.0%D
Grade D: LowFCF / Revenue · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
True FCF Margin-0.8%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
Growth
77B+Revenue CAGR13.7%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR11.4%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)9.8%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth31.4%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+29.1%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income1.7%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.8%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
88AAltman Z-Score7.27A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.92xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.64xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage9.9xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment364.8yD
Grade D: SlowYears to repay net debt via FCF · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
Net Debt/EBIT0.2xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.05xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.46xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
45D+Piotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.25A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion0.1%D
Grade D: PoorFCF / Net Income · Heavy investment cycle — CapEx = 100% of operating cash flow, significantly depressing reported FCF
Margin Stability12.6%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue67.5%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.19xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -41 | |
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -983 | |
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -841 | |
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -280 | |
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -160 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Heissenbuttel William Holmes Filed | Heissenbuttel William Holmes | SellOpen market sale | -120 | |
Raffield Martin Filed | Raffield Martin | Tax withholding | -27 | |
Raffield Martin Filed | Raffield Martin | Gift | -40 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
55CROIC >12% Years0/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)49.3%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years3/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor22.2%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$8.71
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$2.15
Cash & short-term investments per share (Finnhub)
Book Value / Share$89.60
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$395.89M
Total debt obligations (short + long term)
Cash & Equiv.$182.47M
Cash and short-term investments
Net Debt$213.42M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$7.63B
Shareholders' equity (book value)
Asset / Liability5.20xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$20.17B
Current Market Capitalization
Beta0.46B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Royal Gold Inc (RGLD)
RGLD is up 2.17% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Royal Gold Inc. Altman Z-Score of 7.27 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk.
- Beneish M-Score of -2.25 suggests a low likelihood of earnings manipulation.
- Takes ~364.8 years to repay net debt from free cash flow.
- Royal Gold Inc posted a net loss in 1 of 9 available completed fiscal years (2017–2025).
See how RGLD ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all RGLD moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 233.17 | +3.70% | 2.21 |
| Oct 15 | After-hours | 233.00 | +3.63% | 2.17 |
| Sep 28 | Regular | 240.65 | -4.69% | -2.60 |
| Sep 22 | Regular | 259.41 | +3.72% | 2.35 |
| Sep 22 | After-hours | 259.00 | +3.55% | 2.26 |
Frequently Asked Questions about RGLD
What is the current Royal Gold Inc (RGLD) stock price?
RGLD is trading at $238.05 at the last market close, up 2.17% on the session. PreMarketPrice tracks RGLD pre-market, intraday and after-hours prices.
Is RGLD stock a buy right now?
PreMarketPrice's quantitative model rates Royal Gold Inc's financial health at 88/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is RGLD stock overvalued?
Royal Gold Inc trades at a trailing P/E of 27.3 and our valuation score rates it 42/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Royal Gold Inc report earnings?
No confirmed earnings date is currently scheduled for RGLD. The Earnings section lists recent reports and updates as dates are announced.
What sector does Royal Gold Inc operate in?
Royal Gold Inc operates in the Financial Services sector, within the Mineral Royalty Traders industry. The Related Stocks section lists sector peers for comparison.
What does Royal Gold Inc do?
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold.
About Royal Gold Inc (RGLD) Stock
Royal Gold Inc (RGLD) is a US-listed stock operating in the Financial Services sector, specifically the Mineral Royalty Traders industry. As of the latest update, Royal Gold Inc is trading at $238.05, up 2.17% on the day with a market capitalization of $20.2 billion. The financial health score for RGLD is 88/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for RGLD stock.
RGLD Stock Analysis & Key Metrics
On PreMarketPrice, you can track Royal Gold Inc (RGLD) across multiple dimensions:
- Pre-market price & movement: Real-time RGLD stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for RGLD with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Royal Gold Inc across multiple reporting periods.
- Financial health score: A composite score of 88/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for RGLD.
- Sector peers: Compare RGLD against 4 other financial services stocks on key financial metrics.
Is RGLD a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Royal Gold Inc (RGLD) as an investment. The financial health score of 88/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Royal Gold Inc (RGLD) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.