Royal Gold, Inc. (RGLD) Stock

Royal Gold, Inc. (RGLD) is a Financials stock trading at $230.61 (as of 2026-08-14), with a market capitalization of $19.57B and a trailing P/E of 30.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Royal Gold, Inc. acquires and manages precious-metal stream and royalty interests, including interests tied to metals such as gold, silver, copper, nickel, zinc, lead, and cobalt. Its portfolio spans producing and development-stage properties across multiple regions, and it earns revenue from those stream and royalty arrangements.

Understand Royal Gold, Inc.: how it makes money

Royal Gold acquires and manages precious metal streams and royalties, it earns money through stream and royalty payments tied to the production of underlying mines (including gold, silver, copper, nickel, zinc, lead, and cobalt).

Royal Gold’s profit engine is that it converts ownership of precious metal stream and royalty interests into revenue that depends on the production and sales volumes from the underlying mining properties.

Revenue by segment (latest quarter)
Streams$0.3B
Royalties$0.1B
Sandstorm$0.1B
Kansanshi$0.0B
Newest assets$0.0B

Business quality (Strong): Good clarity on the core profit driver (stream and royalty revenue linked to mine production), but segment detail is limited to revenue-type candidates and does not fully break out every contributor to total revenue.

Valuation: At 25× earnings, RGLD trades 25% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Revenue is tied to stream and royalty interests across multiple metals and mines: 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.
  • The model is oriented around ongoing production-linked sales: Operational KPIs provided include gold equivalent ounce sales volume (and related production and inventory measures), indicating a focus on volumes generated from the portfolio.

Bear case

  • Cash flow can be sensitive to changes in production volumes from underlying mines: The company’s revenue comes from stream and royalty interests, which are connected to the production and sales volumes of the properties backing those interests.
  • Costs and dilution of portfolio economics can show up on a per-ounce basis: An operating metric provided is general and administrative expense per gold equivalent ounce, which implies per-ounce cost pressure could matter for results.
Valuation — source: SEC EDGAR (first-party)
Price$230.61
Market Cap$19.57B
P/E Ratio30.9
EV / EBITDA19.0
Price / Book2.62
Price / Sales14.98
DCF Value (model)$122.68
DCF Upside vs Price-46.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.03B
Net Margin45.2%
Revenue Growth (YoY)142.5%
EPS Growth (YoY)92.4%
Financial Health — source: SEC EDGAR
Altman Z-Score5.57 (safe)
Valuation vs Sector & Industry
Stock P/E30.9
Sector P/E (Financials)15.5
Industry P/E (Trading)34.8
vs Sector99.8%
vs Industry-11.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCapital World Investors ($2.68B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryTrading
CEOWilliam H. Heissenbuttel
Employees30
CountryUS
IPO Date1981-06-09

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RGLD earnings history · RGLD institutional & insider holders · RGLD KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-14.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.