Royal Gold Q2 revenue more than doubles on higher metal prices
RGLD•Result drivers
- HIGHER METAL PRICES - Co said increased average realized prices for gold, silver and copper contributed to revenue growth
- HIGHER SALES VOLUMES - Co attributed revenue growth to higher sales volumes of gold equivalent ounces
- RELIEF CANYON SETTLEMENT - Settlement of fixed delivery obligations at Relief Canyon mine led to immediate gold sales and a gain
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the gold peer group is "buy"
- Wall Street's median 12-month price target for Royal Gold, Inc. is $310.00, about 50.5% above its August 4 closing price of $206.03
- The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago
Outlook for 2026
- Royal Gold expects 2026 gold sales of 290,000–320,000 oz, silver sales of 3.0–3.5 mln oz
- Company says 2026 copper and other metals sales are trending at or above top end of guidance
- Royal Gold anticipates 2026 DD&A expense of $339–379 mln and effective tax rate of 17–22%
