Royal Gold stock
RGLDNASDAQRoyal Gold, Inc., Basic MaterialsISIN US7802871084
77Score 77 out of 100, Strong
Price and trend
83 / 100
Price history
+43% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 12% above it.
Since October 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 65).
The price is 12% below its 52-week high. Largest decline in 20 years: 75% (September 2012 to January 2016).
Chart figures for advanced users
- SMA 50$245.32
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$240.36
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)65
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$183.79
- The lowest closing price of the last twelve months.
- Resistance$304.29
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Royal Gold, Inc. belongs to the Gold industry (United States) and, with a market value of $22.82B, is number 11 of 53 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.03B (up 44.6% year on year) and earnings of $466.28M (up 40.4%).
- For fiscal 2026, analysts expect on average revenue of $1.86B (up 80.4%) and adjusted earnings per share of $10.67 (up 46.2%).
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- MEQIRI Score 77 out of 100 (Strong): rank 17 of 467 in Basic Materials, median 58.
- The P/E is 27.2 (Gold median 12.2, own median of recent years 33.1).
- Our model puts fair value at $249.48, with the price 8% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 47.7% over the last 12 months, Gold median 27%.Profitability 81
- Reliable dividendNo dividend cut for over 26 years.
- Earnings per share growingUp 17.1% a year since 2019.Growth 99
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are growth and momentum, while capital allocation and valuation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 78 to 77.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high price swings
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $178.20 and expensive above $415.79 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $378.05 (cash-flow model) and $120.90 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $214.23, at 7.8% it would be $302.67.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 106% on the twelve months before. Revenue has grown strongly since 2006, at around 19% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 69%, operating 65%, net 45%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 97 days
- Last reported
- 4 Nov 2026EPS reported $2.80 (expected $2.77)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $10.67+2.3%
- Revenue
- $1.86B+0.7%
- Earnings per share
- $12.75−1.1%
- Revenue
- $2.14B−0.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +6.9%Gold and silver are tracking within the 2026 guidance ranges, copper and other metals around or above the top end, no change to guidance is stated.
“With respect to 2026 metal sales guidance, gold and silver are tracking well to the guidance ranges and copper and other metals are trending to be around or above the top end of the ranges.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 2 insiders sold, $2.72M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Heissenbuttel William HolmesSale
5 Oct 2026, President & CEO
- Shares
- 2,425
- Price
- $234.07
- Value
- $567,614
- Heissenbuttel William HolmesSale
3 Sept 2026, President & CEO
- Shares
- 7,275
- Price
- $263.38
- Value
- $1.92M
- Shefman RandySale
28 Aug 2026, SVP & General Counsel
- Shares
- 500
- Price
- $262.80
- Value
- $131,400
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- Shefman RandySale
16 Jun 2026, SVP & General Counsel
- Shares
- 500
- Price
- $215.85
- Value
- $107,925
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Royal Gold
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 77
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Gold
The next larger and next smaller companies by market value
- Franco-NevadaFNV $47.98B75
- AngloGold Ashanti PlcAU $46.54B75
- Gold FieldsGFI $33.3B77
- Kinross GoldKGC $25.29B71
- Shandong Gold Mining600547.SS $18.42B49
- Lundin GoldLUG.TO $16.39B72
- Pan American SilverPAAS $16.28B68
- Coeur MiningCDE $15.55B57
ETFs that hold Royal Gold
Held by 19 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Gold Producers UCITS ETF USD (Acc)IS0E | 2.72% | 0.55% | €3.87B |
| VanEck Gold Miners UCITS ETFG2X | 2.26% | 0.53% | €3.97B |
| Invesco NASDAQ Next Generation 100 UCITS ETF AccEQQJ | 1.19% | 0.25% | €44.3M |
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| VanEck S&P Global Mining UCITS ETF A USDWMIN | 1.18% | 0.50% | €1.98B |
| State Street SPDR S&P 400 U.S. Mid Cap UCITS ETF (Acc)SPY4 | 0.66% | 0.30% | €5.27B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.63% | 0.35% | €434.1M |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.49% | 0.43% | €2.48B |
| State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)SPYD | 0.38% | 0.35% | €3.62B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.