profit from every $100 of sales.
$0$100
Royal Gold
$256.89+0.61% today
+35.6% in 1 year
1-year low $183.791-year high $304.29
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $46.58 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Royal Gold sold, what it kept, and what it did with the cash.
Sales went from $603 million in 2022 to $1.03 billion in 2025, with $466 million of profit last year.
SalesProfit
Royal Gold vs. similar companies
Royal Gold grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Royal Gold | 46.6× · Expensive | ||
 Newmont | 16.6× · Fair price | ||
 Zijin Mining Group | 13.5× · Cheap | ||
 Agnico Eagle Mines | 20.2× · Fair price | ||
 Barrick Mining | 12.3× · Cheap |
Compare Royal Gold with SSR Mining
AI analysis
An AI analyst reads Royal Gold's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 499 | 654 | 603 | 606 | 719 | 1,030 | |
| 236 | – | 323 | 343 | 471 | 714 | |
| 199 | 328 | 288 | 303 | 430 | 665 | |
| – | – | 469 | 478 | 580 | 780 | |
| 199 | 274 | 239 | 239 | 332 | 466 | |
| 3.03 | 4.17 | 3.63 | 3.63 | 5.04 | 6.69 | |
| 47.3% | – | 53.5% | 56.6% | 65.4% | 69.3% | |
| 39.9% | 50.2% | 47.7% | 50.1% | 59.8% | 64.5% | |
| 40.0% | 41.9% | 39.6% | 39.5% | 46.2% | 45.2% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 2,766 | 2,757 | 3,535 | 3,361 | 3,392 | 9,538 |
| Cash | 319 | 144 | 119 | 104 | 195 | 234 |
| Total debt | 300 | – | 572 | 246 | 0 | 895 |
| Total liabilities | 464 | 156 | 781 | 460 | 261 | 2,332 |
| 2,272 | 2,589 | 2,741 | 2,888 | 3,119 | 7,157 | |
| 66 | 66 | 66 | 66 | 66 | 70 | |
| – | – | 6.9% | 7.9% | 11.0% | 5.9% | |
| 8.8% | 10.6% | 8.7% | 8.3% | 10.6% | 6.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 341 | 462 | 417 | 416 | 530 | 705 | |
| – | – | 922 | 3 | 103 | 1,165 | |
| – | – | -505 | 413 | 427 | -460 | |
| Dividends paid | 71 | 79 | 92 | 99 | 105 | 119 |
| – | – | 1 | 1 | 5 | 5 | |
| 9 | 6 | 8 | 10 | 12 | 12 |
Valuation
- 46.6×
- 21.3×
- 2.71
- 2.6×
- 21.1×
- –
- 28.7×
- -2.1%
- 2.1%
- 0.8%
Profitability
- 69.3%
- 64.5%
- 45.2%
- 76.9%
- 7.6%
- 8.4%
- 11.9%
- 6.7%
- 8.9%
- –
Growth
- +15.6%
- +17.2%
- +65.1%
- +10.0%
- +1.4%
Financial health
- 0.4×
- 0.08
- 6.3%
- 23.6×
- 3.52
- 3.26
- 0.14
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 989
Top 1%of 954
Bottom 20%of 778
Top 20%of 940
Bottom 23%of 990
What analysts expect
- Average price target
- $304.80
- Range
- $264.00 – $335.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 3.11 | 2.77 | +12.3% |
| Feb 18, 2026 | 1.92 | 2.59 | −25.9% |
| Nov 5, 2025 | 2.06 | 2.15 | −4.2% |
| Aug 6, 2025 | 1.81 | 1.70 | +6.5% |
| May 7, 2025 | 1.51 | 1.43 | +5.6% |
| Feb 12, 2025 | 1.63 | 1.46 | +11.6% |
| Nov 6, 2024 | 1.46 | 1.32 | +10.6% |
| Aug 7, 2024 | 1.25 | 1.18 | +5.9% |
0.8%of the share price, paid each year
On $1,000 invested$8a year at today's yield, before tax
+10.0%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.66 in 2015 → $1.80 in 2025
How safe it looks
25.4% of its profit
Room to growStretchedMore than it earns: 16.8%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
71Pass
Benjamin Graham
56No pass
Philip Fisher
72Pass
Peter Lynch
56No pass
Joel Greenblatt
11No pass
Charlie Munger
61Pass
Terry Smith
66Pass
Questions about Royal Gold
Is Royal Gold a good stock to buy?
A strong, very profitable business, but the price is high. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Royal Gold AI analysis
What does Royal Gold do?
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It is in Gold, based in Denver, CO, United States, with 39 employees.
Does Royal Gold pay a dividend?
Yes. At today's price the dividend is 0.8% a year, about 25% of its yearly profit. In 2025 it paid out $119 million in dividends.
Is Royal Gold stock halal?
Yes. Royal Gold passes our halal screen: its business is permitted and its debt is 4% of its market value, under the 30% limit. How we check
How has Royal Gold stock done over the past year?
Up 35.6% over the past twelve months, to $256.89. It traded between $183.79 and $304.29 and is 15.6% below its high.
Who are Royal Gold's competitors?
The largest listed companies in the same industry are Newmont, Zijin Mining Group, Agnico Eagle Mines and Barrick Mining. The peers table on this page compares their profit, growth and price with Royal Gold's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.