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We acquire and manage precious metal streams, royalties, and similar interests. We seek to acquire existing stream and royalty interests or to finance projects that are in production, development or in the exploration stage in exchange for stream or royalty interests.
$189.17
$2.01 (-1.05%)
EOD Jul 17, 2026
61.93% operating margin is above average. ROIC at 9.56%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 43.2% YoY with margins expanding 2.2pp.
Even for strong businesses, today's 23x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
22.9x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.31B
▲ +43.2% YoY
Net Income (TTM)
$634M
▲ +40.4% YoY
Op. Margin
62.18%
▲ +2.2pp YoY
ROIC
11.78%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$862M
▲ +33.1% YoY
Net Debt
$362M
Cash & Equiv.
$234M
5Y CAGR: +10.8%
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At a P/E of 22.9, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Royal Gold scores 44/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Royal Gold scores 44 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 62.2% operating margin and a 11.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Royal Gold pays a regular dividend of about $1.52 per share per year (typically in quarterly installments), a yield of roughly 0.8% at the current price. That is a payout ratio of about 20.4% of earnings, so the dividend is amply covered by earnings. Royal Gold has grown the dividend at roughly 10.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For RGLD's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh RGLD's valuation and scores 44/100 on quality (mixed). It also yields about 0.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.