Royal Gold Q4 EPS Seen at $2.68 After 11.7% Estimate Upgrade
Royal Gold is set to report Q4 2025 earnings Feb. 18 with consensus EPS of $2.68, up from $1.63 a year ago and an 11.7% increase in estimates over 60 days. The company sold 58,200 gold equivalent ounces in Q4, boosted by Sandstorm and Horizon acquisitions.
1. Q4 Earnings Preview
Royal Gold will report fourth-quarter 2025 results on Feb. 18 after the close, with consensus EPS of $2.68 versus $1.63 a year ago and an 11.7% upward revision in estimates over the past 60 days. The company carries a neutral analyst rank and an Earnings ESP of 0.00%, following three beats in the prior four quarters.
2. Production Volumes and Acquisitions
On Oct. 20, 2025, Royal Gold closed acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp., adding 40 producing assets. From those acquisitions it sold 5,800 gold equivalent ounces between Oct. 20 and Dec. 31, and total Q4 GEO sales reached 58,200, including 48,100 ounces of gold, 610,900 ounces of silver and 2.7 million tons of copper.
3. Market Drivers
Sustained geopolitical tensions, a weakening U.S. dollar, expectations of monetary policy easing, central bank purchases and tariff dynamics have pushed gold and silver prices toward record highs, underpinning higher revenue potential and margin resilience for Royal Gold in the fourth quarter.