Royal Gold, Inc. (RGLD) Stock Price & Analysis
Royal Gold, Inc. (RGLD) closed at USD 234.72 on Thursday, October 22, 2026, down 3.01% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 242; the Oct 22, 2026 session ranged USD 231.8–237.48 on volume of 786,801 shares. Market capitalization is $19.89B, with a 52-week range of USD 168.88–306.25 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/RGLD.md
Key facts (RGLD)
- Last four reported quarters (through Jun 30, 2026): revenue $1.55B, net income $738M (47.7% margin) (SEC filings).
- Valuation: P/E 26.9x (avg 30.8x at the last 3 fiscal year-ends), EV/EBITDA 16.1x, net debt $213M.
- 1 of 80 tracked superinvestors hold RGLD (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $3.0M; 3 not under a Rule 10b5-1 plan ($483K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.17 on a 1–5 scale) (12 analysts), mean target USD 308.75 (range 222–380).
- Total return with dividends: 1Y +29.1% vs S&P 500 +14.9%; 5Y +150.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 2.59, revenue estimate $455M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (RGLD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $654M | $603M | $606M | $719M | $1.03B | $1.55B |
| Gross profit | — | $323M | $343M | $471M | $714M | — |
| Operating income | $328M | $284M | $303M | $430M | $638M | $950M |
| Net income | $274M | $239M | $239M | $332M | $466M | $738M |
| EPS (diluted) | $4.17 | $3.63 | $3.63 | $5.04 | $6.69 | — |
| Gross margin | — | 53.6% | 56.7% | 65.5% | 69.3% | — |
| Operating margin | 50.2% | 47.0% | 50.1% | 59.8% | 61.9% | 61.4% |
| Net margin | 41.9% | 39.6% | 39.5% | 46.2% | 45.2% | 47.7% |
| Revenue growth | — | -7.7% | +0.4% | +18.8% | +43.2% | — |
| Cash + short-term investments | $144M | $119M | $104M | $195M | $234M | — |
| Total debt | — | $572M | $246M | $0K | $895M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (RGLD)
P/E 26.9x · P/S 12.8x · EV/EBITDA 16.1x · EV/Sales 13.0x · P/B 2.6x · Earnings yield 3.71% · Dividend yield (paid, TTM) 0.70% · Net debt $213M · EV $20.1B
P/E at fiscal year-ends: Dec 2025 33.2x, Dec 2024 26.1x, Dec 2023 33.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (RGLD)
1 of 80 tracked investors hold RGLD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.29% | $172M | Reduced -6.1% |
Insider sales (SEC Form 4, open-market, last ~7 months) (RGLD)
2 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-05 | Heissenbuttel William Holmes | President & CEO | 2,425 | $568K | 2.1% | Yes (adopted June 4, 2026) | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Heissenbuttel William Holmes | President & CEO | 7,275 | $1.9M | 5.8% | Yes (adopted June 4, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-28 | Shefman Randy | SVP & General Counsel | 500 | $131K | 5.8% | No | Too little history (no open-market trades in 2023) |
| 2026-06-16 | Shefman Randy | SVP & General Counsel | 500 | $108K | 5.5% | No | Too little history (no open-market trades in 2023) |
| 2026-05-11 | Shefman Randy | SVP & General Counsel | 1,000 | $244K | 9.9% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (RGLD)
Consensus Buy (mean 2.17 on a 1–5 scale), 12 analysts; mean target USD 308.75 (low 222, high 380).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-16 | RBC Capital | Target raised | Outperform | $305 → $325 |
| 2026-08-07 | UBS | Target raised | Buy | $280 → $285 |
| 2026-07-09 | RBC Capital | Target lowered | Outperform | $310 → $305 |
| 2026-07-06 | Jefferies | Target lowered | Buy | $318 → $311 |
| 2026-06-30 | UBS | Target lowered | Buy | $325 → $280 |
Total return (dividends reinvested) (RGLD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +29.1% | +150.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.2% | +20.1% |
| Volatility (annualized) | 41.0% | 33.2% |
| Max drawdown | -38.2% (Mar 2026→Jul 2026) | -39.5% (Mar 2022→Sep 2022) |
Companies that name RGLD in their SEC reports
| Relationship to RGLD | Company | Filing | Sentence |
|---|---|---|---|
| related | Versamet Royalties Corp (VMET) | 20-F Apr 30, 2026 | “On October 20, 2025, Sandstorm was acquired by Royal Gold and Royal Gold became a related party through its acquired share ownership in the Company.” |
RGLD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.59 | $2.62 | -1.0% | $455.0M | 8 |
| Next quarter (ends Dec 2026) | $2.68 | $2.79 | -4.1% | $452.5M | 7 |
| Current fiscal year (ends Dec 2026) | $10.50 | $10.75 | -2.3% | $1.84B | 11 |
| Next fiscal year (ends Dec 2027) | $12.68 | $13.09 | -3.2% | $2.14B | 11 |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 234.72 |
|---|---|
| Change | ▼ 3.01% (down) |
| Previous Close | USD 242 |
| Open | USD 236.64 |
| Day Range | USD 231.8 – 237.48 |
| 52-Week Range | USD 168.88 – 306.25 |
| Volume | 786,801 shares |
| Market Cap | $19.89B |
| Exchange | NMS |
Technical Analysis (RGLD)
Nexqual's technical model rates RGLD "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 43.58 (neutral) |
| vs SMA50 | Below (USD 246.39) |
| MACD | -2.15 (negative) |
Analyst Ratings (RGLD)
Wall Street analysts rate RGLD "Buy" based on 12 analysts, with a mean price target of USD 308.75 (range USD 222–380), per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 308.75 |
| High Target | USD 380 |
| Low Target | USD 222 |
| Buy / Hold / Sell | 9 / 2 / 1 |
Earnings (RGLD)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 2.59 |
| Revenue Estimate | $454.99M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.56 vs est 2.54 ▲ beat |
| 2026-03-31 | USD 2.72 vs est 2.75 ▼ miss |
| 2025-12-31 | USD 1.92 vs est 2.64 ▼ miss |
| 2025-09-30 | USD 2.06 vs est 2.19 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (RGLD)
| Total Revenue | $1.54B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +115.50% |
| Gross Margin | +86.80% |
| Operating Margin | +62.04% |
| Profit Margin | +48.05% |
| ROE | +13.60% |
| Debt / Equity | 0.05 |
| Current Ratio | 2.92 |
| Total Cash | $182.47M |
| Total Debt | $395.89M |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (RGLD)
Nexqual rates Royal Gold, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Strong — Revenue +43% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 87%, operating 62% (last 12 months) |
| Balance Sheet | Strong — $182M cash and investments vs $396M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $705M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 14%, ROA 9.4% |
Ownership (RGLD)
| Insider Ownership | +0.25% |
|---|---|
| Institutional Ownership | +86.90% |
| Shares Outstanding | 84.73M |
| Float | 84.42M |
| Short % of Float | +2.99% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (RGLD)
Royal Gold, Inc. is led by William H. Heissenbuttel, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:25 UTC.
| President, CEO & Director | William H. Heissenbuttel |
|---|---|
| Senior VP & CFO | Paul K. Libner |
| Senior Vice President of Operations | Martin Raffield P.Eng. |
| Senior Vice President of Corporate Development - RGLD Gold AG | Daniel K. Breeze |
| Senior Vice President of Investor Relations & Business Development of Royal Gold Corp. | Alistair Baker |
Major Backers & Investors (RGLD)
Notable institutional backers of Royal Gold, Inc. include Capital Group, AMERICAN BALANCED FUND, Van Eck Associates Corporation, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 12.71% |
| AMERICAN BALANCED FUND | 4.17% |
| Van Eck Associates Corporation | 3.46% |
| AMERICAN FUNDS FUNDAMENTAL INVESTORS | 3.15% |
| WASHINGTON MUTUAL INVESTORS FUND | 3% |
| VanEck ETF Trust-VanEck Gold Miners ETF | 2.62% |
| Invesco | 2.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.88% |
| Vanguard Group | 9.35% |
| State Street | 4.61% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAAS | Pan American Silver Corp. | USD 41.07 | ▼ 5.91% |
| KGC | Kinross Gold Corporation | USD 22.68 | ▼ 4.79% |
| CDE | Coeur Mining, Inc. | USD 13.88 | ▼ 8.26% |
| AGI | Alamos Gold Inc. | USD 30.3 | ▼ 4.48% |
| GFI | Gold Fields Limited | USD 35.14 | ▼ 4.51% |
| EQX | Equinox Gold Corp. | USD 10.36 | ▼ 6.16% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt