QualityDipStocks / Basic Materials · Precious Metals
Royal Gold RGLD
In a deep dip: 25% below its 52-week high.
A quality company, 3% under its Market Value. No fair value estimate for now: the model doesn’t fit.
- Fair value est.
- n/a
- Market Value
- $235.74price −3%
- Off 52-wk high
- −25%
- Risk vs market
- Highbeta 1.50
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $228.77
- 52-wk lowlowest close, 1 year$169.08−26.1%
- PriceFri Oct 30 close$228.77you are here
- Market Valueavg paid since Oct 20$235.74+3.0%
- 52-wk highhighest close, 1 year$304.29+33.0%
Fair value estimate
No estimate for RGLD: Royalty/streaming company: its spending is mineral-interest purchases, which can't be separated from acquisitions for a cash-flow DCF. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much RGLD moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 3.2× the S&P 500’s.
- Beta vs S&P 500
- 1.50
- Volatility
- 41% vs 13% SPY
- Correlation SPY
- 0.47
- Correlation QQQ
- 0.43
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthSales grew 94% to $1.5B over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityOperating margin widened to 61.9% in FY2025 from 50.1% in FY2023 (SEC filings).
ProfitabilityGross margin widened to 69.3% in FY2025 from 56.7% in FY2023 (SEC filings).
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
ValuationTrades 3.0% below its Market Value of $235.74, the average price paid since the Oct 20 filing.
Top bearish points 5 of 5
Cash returnsShare count up 29.2% in a year: existing holders are being diluted.
ValuationP/E of 27.2× vs a 20.5× median for the 19 Basic Materials companies we cover.
Cash returnsDividend yield of 0.7%, below the 1.2% median for the 17 Basic Materials companies we cover.
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
RiskReports earnings Nov 4 (consensus EPS $2.91): results can move the price sharply and reset Market Value.
Who’s talking about it
Notable investors, executives, analysts and public figures on Royal Gold in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Precious Metals
All fundamentals
P/E 27.2 · ROE 14% · Sales +94%
Valuation
- P/E
- 27.2×3-yr-end avg 30.9× · Basic Materials median 20.5×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 16.2×
- Price / sales
- 12.99×
- Price / book
- 2.65×
- Market cap
- $20.1Blisted
- Enterprise value
- $20.3B
Growth
- Revenue, 12 months
- $1.5B
- Sales growth, 12 months
- +93.5%vs the 12 months before
- Sales growth, 3 yrs
- +19.5%/yrfrom FY2022
- Diluted EPS, 12 months
- $9.03
- EPS growth, last FY
- +32.7%
- Net income, 12 months
- $738M
- Net income growth
- +64%12 months vs before
Profitability
- Gross margin
- 66.8%
- Operating margin
- 61.4%
- Net margin
- 47.7%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 14%
- Return on invested capital
- 10%
Balance sheet
- Cash & short-term inv.
- $182M
- Total debt
- $396M
- Net cash
- −$213M
- Debt / equity
- 0.05×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0.70%$140M paid
- Payout ratio
- 19%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +29.2%diluted shares vs a year ago
- Stock-based comp
- $13M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Royal Gold’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
MV $235.74
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. We watch it daily for our three reversal signal rules while it sits in a dip.
Momentum & 52-week range
RSI 43 · 5 days +0.6%
The business
FCF $0.0B · Sales +115%
- Free cash flow, 12 months$0.0B
- Free-cash-flow margin0%
- Gross margin67%
- Operating margin63%
- Return on invested capital10%
- Return on equity13%
- Sales growth (latest quarter vs year-ago quarter)+115%
- Net debt / EBITDA0.2×
Next report
Nov 4
- DateWed Nov 4, after the close
- Consensus EPS$2.91
- Year-ago EPS$2.06
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when RGLD fires a reversal signal
One text when a published rule fires on RGLD or any of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.