에 대한 최신 뉴스 Royal Gold (NASDAQ:RGLD) 주식

Royal Gold

Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.

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2024년 5월 9일 주요 뉴스: 피드몬트 리튬(NASDAQ:PLL)은 69%의 기록적인 리튬 회수율을 달성한 노스 아메리칸 리튬(North American Lithium)에서 40,439드라이 메트릭톤(dmt)의 기록적인 생산량을 기록하며 1분기 실적을 보고했다. 

목요일 주요 광업 뉴스: 피드몬트 리튬, 라마코 리소스, 로얄 골드, 트레데거

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2024년 4월 17일의 주요 뉴스: 피츠버그 방문 중, 조 바이든 대통령은 중국산 철강과 알루미늄 수입품에 25% 관세를 부과하고 미국의 철강 부문에 힘을 실어줄 새로운 무역정책을 발표할 계획이다. 이번 조치는 일부 제품에 대한 미국 관세를 25%로 3배 이상 인상하고 다른 제품의 관세를 0% 또는 7.5%에서 인상함으로써 중국의 &#39;불공정한&#39; 무역 관행으로부터 미국 제조업 일자리를 보호하기 위한 것이다.

수요일 주요 광업 뉴스: 중국산 철강 및 알루미늄에 대한 25% 관세, 로얄 골드, 발리 등

Royal Gold Inc

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In the preceding three months, 6 analysts have released ratings for Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $161.17, along with a high estimate of $175.00 and a low estimate of $141.00. Witnessing a positive shift, the current average has risen by 5.11% from the previous average price target of $153.33.
<img src="https://www.benzinga.com/files/images/story/2024/1728068544_0_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Royal Gold among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$154.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$157.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Brian MacArthur</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperformer</td>
<td>$170.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$141.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Anita Soni</td>
<td>CIBC</td>
<td>Raises</td>
<td>Neutral</td>
<td>$175.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$168.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Royal Gold. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Royal Gold compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Royal Gold's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Royal Gold's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RGLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Royal Gold analyst ratings.</a>
<h2>Delving into Royal Gold's Background</h2>
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
<h3>Royal Gold: A Financial Overview</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Royal Gold's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 20.86%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Royal Gold's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 46.65% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Royal Gold's ROE excels beyond industry benchmarks, reaching 2.76%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Royal Gold's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.47% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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Analyst Ratings

Unveiling 6 Analyst Insights On Royal Gold

Jefferies analyst Matthew Murphy maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Hold and raises the price target from $141 to $154.

Price Target

Jefferies Maintains Hold on Royal Gold, Raises Price Target to $154

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GOLD

SAND

SSRM

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

Source: <a href="https://www.streetwisereports.com/article/2024/08/16/diverse-issues-offset-mostly-strong-revenues.html?utm_medium=feed">Adrian Day 08/16/2024</a>
Global Analyst Adrian Day reviews results from six major resource companies, four of which are royalty companies.
The quarterly results we look at today from six major resource companies mostly include higher revenues and cash flows, which is not unexpected given that the gold price was $250 an ounce higher than in the first quarter.
However, they also show some companies are still struggling with costs. Above all, they clearly illustrate Robert Friedland&#39;s quip that &quot;Murphy works overtime in the mining business.&quot;
The last quarter includes a power outage, equipment failures, arbitration, a heap leach failure, a broken agreement, and construction delays. And more. It reinforces that mining is a difficult business, and so too for the royalty companies that reap some of the rewards. Guidance and market forecasts are all too often set with the expectation of perfection. Companies that had unexpected problems saw their stock prices slammed.
<h2>Wheaton Has Strong Quarter as It Ramps up Production</h2>
Wheaton Precious Metals Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wpm#NYSE">WPM</a>) was the exception, with a strong quarter in which nothing meaningful went wrong. It is on track to achieve the upper end of its full-year guidance. Production was stronger than expected, driven by outperformance at its largest asset, Salobo, as Phase III continues its ramp-up, as well as strong performance at Pe&ntilde;asquito and Antamina.
Sales were lower due to timing differences between production and sales. There are some major new assets on which it holds streams moving towards production, including Ivanhoe&#39;s Platreef, where an updated feasibility study is scheduled for the fourth quarter; this will be one of the world&#39;s largest platinum producers. There are six other projects under construction and more predevelopment projects, allowing Wheaton to move from this year&#39;s production range of 550,000 to 620,000 GEOs to over 850,000 a year from 2029 onwards.
<h2>Company Has Strong Pipeline With Balance Sheet To Transact</h2>
The pipeline for new deals is very busy, with larger transactions under consideration, mostly in the pre-construction phase, with some over half-a-billion in size.
This is a change from recent Wheaton activity which saw it making some very small transactions, some as small as $20 million. The company has a rock-solid balance sheet, with $540 million in cash, up $234 million on the quarter, with total liquidity of $2.5 billion.
We are long-term holders.
<h2>Royal on Track To Meet Guidance With Strong Revenues</h2>
Royal Gold Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) reported quarterly financials better than expected, even after pre-releasing its streaming sales, which constitute the bulk of its revenues. Revenue was up 17% quarter-on-quarter, primarily due to higher metal prices but also higher copper sales at Mount Milligan and higher gold and silver production from Pe&ntilde;asquito, partially offset by lower sales at Pueblo Viejo, where the expansion is still in ramp-up. G&amp;A cash costs remain flat. The company is tracking its guidance, which remains unchanged.
During the quarter, Royal acquired additional royalties on B2Gold&#39;s Back River project. The royalties are different in structure (NSR and GSR) as well as having hurdles and variable rates; the company estimates that, in aggregate, their royalties approximate a 1.1% gross smelter royalty. With a further $100 million paydown on its debt, the company is now net cash positive, with just $50 million of debt outstanding and available liquidity of $1 billion. The debt is expected to be paid off next week, eliminating the debt taken on to acquire three major royalties over the past two years (Cortez, Great Bear, and Back River), which the company acquired without any equity dilution.
Royal has strong free cash flow, and near-term growth as well as some longer-term potential.
<h2>Osisko Lowers Full-Year Guidance as It Writes off Mine Royalty</h2>
Osisko Gold Royalties Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/or#NYSE">OR</a>) saw a reasonable second quarter, in line with its guidance, but due, as acknowledged by the company, to higher metals prices. Gold Equivalent Ounces (GEOs), which had been pre-released, declined slightly. It lowered its second-half guidance on the back of the suspension of the Eagle Mine in the Yukon following a heap leach failure at the end of the quarter.
Osisko decided to take a full impairment on the royalty it holds on the mine, stating that it has no visibility on when the mine might restart and is not expecting any ounces for the rest of the year. There is also a delay in the ramp-up of one of its new royalty assets, Mantos Blancos, contributing to the lower-than-expected second half. It does have three new assets paying in the second half, including Tocantinzinho, which has already started producing but on which royalty payments have a three-month delay. It has already received initial payments from a new Agnico Mine as well as the CSA copper assets in Australia.
<h2>New Assets Starting Up</h2>
Paying down debt is the company&#39;s first priority, other than doing new transactions. After repaying $44 million during the quarter, it now has $109 million in debt and $67 million in cash. With a credit facility, it has access to capital and a strong balance sheet.
Though the second half will be weaker than earlier expected, there are three new paying assets, and behind these a strong pipeline. Osisko has 20 producing assets, with 98% of revenues now from gold and silver and a very strong political risk profile. The new CEO is proving himself to be capable and focused.
Osisko is a Buy.
<h2>Altius Financials as Expected, as Major Decision and Transaction Awaited</h2>
Altius Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/atusf#OTC">ATUSF</a>) reported financials for the quarter more-or-less as expected after pre-releasing royalty revenue. As always, with a diverse portfolio, there are winners and losers: potash fell again from its extraordinarily high pricing levels in 2023, while base metals saw continued gains. The iron ore segment recovered, and renewal royalties, while lower than an exceptional first quarter, are growing strongly, more than 50% above the year-ago quarter.
In all, royalty revenue of $21.7 million rose nearly 25% in the last quarter (and 17% from the year-ago quarter). The outlook looks strong. The renewables company saw one new project come on line in the last quarter, with another this quarter and several new deals closing. Altius holds royalties on three projects in its base and battery metals division, which are currently under construction, while Champion Iron is continuing discussions on finding a partner for its Kami iron-ore project, for which Altius holds a royalty. The high-priority iron ore that Kami will produce was recently designated as a &quot;critical mineral&quot; by Canada.
<h2>Silicon-Merlin Will Be the Major Drive in the Near Term</h2>
In the near term, however, the major development will be the disposition of the royalty it holds on AngloGold&#39;s Silicon-Merlin deposit in southern Nevada.
The deposit continues to advance, with some exceptional assay results from its infill drilling at Merlin, including a stunning 0.53 g/t gold over 144.5 meters. It drilled 66,000 km during the first half, mostly infill, though we know there has also been aggressive drilling to the west of the Merlin deposit, with the company saying it had hit &quot;very exciting&quot; new intercepts. A Pre-Feasibility Study on Merlin is expected to be finished in late 2025. The region has a current resource of 17.5 million ounces, and Anglo projects the district producing 500,000 ounces a year. Altius holds a 1.5% royalty with the area of interest under arbitration; another recommended company, Orogen, holds a 1% royalty on the main deposit, which is undisputed. 
Altius has already received preliminary bids from companies, with CEO Brian Dalton saying that the &quot;strong and diverse proposals . . . highlighted a meaningful disconnect between how its value is perceived by (the) financial industry versus the royalty industry professionals.&quot; Once it has received the decision on its arbitration, it intends to seek final bids and will then make a decision on whether to accept a bid (to sell or swap for base metals royalties) or to hold the royalty. I do not want to read too much into that comment from Dalton, but it was interesting to hear him raise again the possibility of keeping the royalty.
<h2>Altius Buyback Stock, as Improving Balance Sheet Improves</h2>
Altius repurchased 119,000 of its shares during the quarter, and it is no secret that the company wants to repurchase more shares if it sells that royalty. It has cash of a little over $19 million after receiving $9 million in settlement of a loan receivable, plus holdings in public companies totaling over $371 million. These include over $176 million of shares in Altius Renewal Royalties and nearly $56 million in its Project Generation&quot; portfolio.
I am not suggesting that these are all for sale &mdash; though it has been sold some shares from its PG portfolio &mdash; but they do strengthen the balance sheet. It has $93 million available on its credit facility. Altius is a core holding for us, offering broad exposure to the commodity universe with some of the most astute management in the business.
Hold and look to buy on any weakness.
<h2>Pan American&#39;s Production Down at Ongoing Mine Problems</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) had a mixed quarter with slightly lower production and overall costs higher, though with lower costs for silver quarter-on-quarter ($14.49/oz cash costs). Ongoing issues at two mines, La Colorado and Dolores, hurt production. However, boosted by the higher metals prices, Pan American saw record cash flow from operations during the quarter.
The company reiterated its guidance, expecting production to be weighted towards the fourth quarter and, overall, silver production to be at the low end of the range. The rest of the year should bring improvement from La Colorada following the completion of the new ventilation system and $245 million in cash from the closing of the La Arena sale. There is also potential for the re-start of Escobal; several meetings with the government were held recently after delays caused by the change in government.
The company has a strong balance sheet, with $369 million in cash and a net debt of $472 million. It continued to buy back stock, bringing the total for the year to date to 1.7 million shares for just over $24 million (indicating that most shares were bought early on in the year, given the average cost of just over $14). The company reiterated that it expected additional divestments of non-core assets.
Pan American is a Buy, for operational turnaround, and Escobal potential, as well as strong management and balance sheet.
<h2>Fortuna&#39;s Revenue Disappointments but Issues Are Temporary</h2>
Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported revenue slightly lower than expected and costs higher. All-in sustaining Costs (AISC) at $1,656/oz were meaningfully higher than the first quarter&#39;s $1,495 due to three factors: higher power costs in West Africa, planned maintenance at Lindero, and higher per-ounce costs at San Jose as that mine runs down as it approaches the end of its reserve life. The first two factors here are temporary; Fortuna now has full generator capacity at its S&eacute;qu&eacute;la mine, so costs are expected to come down again in the second half of the year.
Despite these challenges, Fortuna is on track to meet its full-year guidance. Operations are doing well, and there has been some good exploration success, in particular around the S&eacute;qu&eacute;la mine. At San Jose, in Mexico, the company is continuing to explore alternatives: continuing to mine, closing the mine, or putting it on care and maintenance pending greater reserves from exploration. It will have a decision in the third quarter. The company continues to strengthen its balance sheet. A convertible issue allowed it to fully repay its credit facility and redeem an existing convertible, partly in cash and partly in shares.
Overall, the new convertible reduced its interest rate from over 7% to just 3.75%. Net debt is now just $66 million. It has $350 million in available liquidity. We like Fortuna for its diversified asset base, its strong management, and solid balance sheet, as well as strong brownfields potential.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Wheaton Precious Metals Corp., Osisko Gold Royalties Ltd., Altius Minerals Corp., Pan American Silver Corp., Fortuna Mining Corp., Franco-Nevada Corp., Lara Exploration Ltd., Metalla Royalty &amp; Streaming, and Fox Riv Res Corp.</li>
<li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Adrian Day Disclosures
Adrian Day&#39;s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. <a href="http://www.AdrianDayGlobalAnalyst.com" title="www.AdrianDayGlobalAnalyst.com">www.AdrianDayGlobalAnalyst.com</a>. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor&#39;s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. &copy; 2023. Adrian Day&#39;s Global Analyst. Information and advice herein are intended purely for the subscriber&#39;s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

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Diverse Issues Offset Mostly Strong Revenues

Ratings for Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $156.0, a high estimate of $175.00, and a low estimate of $131.00. Surpassing the previous average price target of $150.29, the current average has increased by 3.8%.
<img src="https://www.benzinga.com/files/images/story/2024/1724083245_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Royal Gold by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$157.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Brian MacArthur</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperformer</td>
<td>$170.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$141.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Anita Soni</td>
<td>CIBC</td>
<td>Raises</td>
<td>Neutral</td>
<td>$175.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Michael Jalonen</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$131.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$144.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Royal Gold. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Royal Gold compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Royal Gold's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Royal Gold's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RGLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Royal Gold analyst ratings.</a>
<h2>All You Need to Know About Royal Gold</h2>
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
<h3>Royal Gold: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Royal Gold showcased positive performance, achieving a revenue growth rate of 20.86% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 46.65%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Royal Gold's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.76%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Royal Gold's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.47% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Royal Gold's debt-to-equity ratio is below the industry average. With a ratio of 0.02, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Royal Gold's Future

Scotiabank analyst Tanya Jakusconek maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Sector Perform and raises the price target from $148 to $157.

Scotiabank Maintains Sector Perform on Royal Gold, Raises Price Target to $157

Royal Gold, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) reported adjusted earnings per share of $1.25 in second-quarter 2024, beating the Zacks Consensus Estimate of $1.17. The bottom line increased 42% year over year.
Including one-time items, the company reported an EPS of $1.23 compared with the prior-year quarter&#39;s 97 cents.
<div class="chart_embed">
<h3>Royal Gold, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Royal Gold, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/85/1723472958.png" style="height:281px; width:620px" title="" />
Royal Gold, Inc. price-consensus-eps-surprise-chart | Royal Gold, Inc. Quote
RGLD generated revenues of $174 million, up 20.8% year over year. The upside resulted primarily from higher metal prices and copper sales at Mount Milligan. Increased gold and silver production at Pe&ntilde;asquito also drove the results. However, the gains were partially offset by lower gold and silver sales at Pueblo Viejo.
Stream revenues were $123 million and royalty revenues were $51 million in the June-end quarter. Stream revenues increased 15.9% year over year, whereas royalty revenues improved 34.5%.
The company&#39;s cost of sales was $24 million in the second quarter compared with the prior-year quarter&#39;s $23 million.
General and administrative expenses amounted to $10.5 million, up 16% year over year. The adjusted EBITDA was $141 million in the reported quarter, up 23.1% year over year. The adjusted EBITDA margin came in at 81% compared with the prior-year quarter&#39;s 80%.
</div>
<h3>Financial Position</h3>
Net cash from operating activities was $113.5 million in the second quarter compared with the prior-year quarter&#39;s $108 million. Royal Gold ended the quarter with cash and cash equivalents of around $74 million compared with $104 million at the end of 2023.
<h3>Price Performance</h3>
In the past year, RGLD shares have gained 16.2% compared with the industry&#39;s growth of 24.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/13/74031.jpg?v=1423203206" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Royal Gold currently carries a Zacks Rank #3 (Hold).
<h3>Peer Performances</h3>
Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>) reported adjusted earnings of $1.07 per share in the second quarter of 2024, up from 65 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of 93 cents.
The company generated revenues of $2.08 billion, up nearly 21% year over year. The top line surpassed the Zacks Consensus Estimate of $1.72 billion.
Galiano Gold Inc. reported adjusted earnings of 3 cents per share in second-quarter 2024, beating the Zacks Consensus Estimate of break-even results. It reported adjusted earnings of 5 cents in the year-ago quarter.
Galiano Gold generated revenues of $63 million in the quarter.
Kinross Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>) reported adjusted earnings of 14 cents per share, in line with the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 13 cents.
Revenues rose nearly 12% year over year to $1.22 billion in the second quarter. It topped the Zacks Consensus Estimate of $1.02 billion.
<a href="https://www.zacks.com/stock/news/2320904/royal-gold-rgld-earnings-beat-estimates-in-q2-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320904">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Royal Gold Earnings Beat Estimates in Q2, Rise Y/Y

Raymond James analyst Brian MacArthur maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Outperformer and raises the price target from $167 to $170.

Raymond James Maintains Outperformer on Royal Gold, Raises Price Target to $170

Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.18 by 5.93 percent. This is a 42.05 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $174.096 million which beat the analyst consensus estimate of $171.370 million by 1.59 percent. This is a 20.86 percent increase over sales of $144.042 million the same period last year.

Royal Gold Q2 2024 Adj. EPS $1.25 Beats $1.18 Estimate, Sales $174.096M Beat $171.370M Estimate

In the preceding three months, 7 analysts have released ratings for Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $155.29, a high estimate of $175.00, and a low estimate of $131.00. Witnessing a positive shift, the current average has risen by 2.36% from the previous average price target of $151.71.
<img src="https://www.benzinga.com/files/images/story/2024/1720800085_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Royal Gold among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$141.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Anita Soni</td>
<td>CIBC</td>
<td>Raises</td>
<td>Neutral</td>
<td>$175.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Michael Jalonen</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$131.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$162.00</td>
<td>$163.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Royal Gold. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Royal Gold compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Royal Gold's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Royal Gold's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/RGLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Royal Gold analyst ratings.</a>
<h2>Discovering Royal Gold: A Closer Look</h2>
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
<h3>Royal Gold: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Royal Gold's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -12.61%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.68%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Royal Gold's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.63% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Royal Gold's ROA stands out, surpassing industry averages. With an impressive ROA of 1.41%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Royal Gold's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Royal Gold Stock

Jefferies analyst Matthew Murphy maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Hold and raises the price target from $130 to $141.

Jefferies Maintains Hold on Royal Gold, Raises Price Target to $141

Osisko Gold Royalties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/or#NYSE">OR</a>) reported an 18.6% year-over-year fall in attributable gold equivalent ounces (&quot;GEOs&quot;) in the second quarter of 2024. Preliminary revenues from royalties and streams were disclosed at $64.8 million, which suggests a 7.1% increase from the prior-year quarter&#39;s actual.
OR earned attributable GEOs of around 20,068 in the quarter.
Preliminary cost of sales (excluding depletion) came in at $2.2 million in the second quarter, suggesting a dip from the $4.3 million reported in the year-ago quarter. The cash margin in the quarter was a record $62.6 million, indicating 11.4% growth from the year-ago quarter&#39;s actual. The cash margin was 97% compared with 93% in the second quarter of 2023.
As of Jun 30, 2024, OR&#39;s cash position was $65.7 million. The company used $44.2 million in repayments on its revolving credit facility in the second quarter for total repayments of $87.9 million in the first half of 2024.
Osisko reported adjusted earnings per share of 12 cents in first-quarter 2024, beating the Zacks Consensus Estimate of 11 cents. The bottom line declined 8% year over year.
The company generated revenues of $45 million, flat year over year.
The Zacks Consensus Estimate for the company&#39;s second-quarter earnings is pegged at 12 cents. Notably, it reported earnings of 13 cents in the second quarter of 2023.
<h3>Price Performance</h3>
In the past year, shares of Osisko have gained 13.2% compared with the industry&#39;s 21.2% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b9/71077.jpg?v=766976214" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Osisko currently carries a Zacks Rank #3 (Hold).
<h3>Q2 Preliminary Performance of Other Mining-Gold Stocks</h3>
Royal Gold, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) recently issued a stream segment sales update for second-quarter 2024. In the quarter, RGLD Gold AG &mdash; the fully-owned subsidiary of Royal Gold &mdash; sold 52,600 GEOs, comprising 39,200 ounces of gold, 593,200 ounces of silver and 1,500 tons of copper related to its streaming agreements.
The average realized price of gold was $2,339 per ounce in the second quarter compared with $2,054 per ounce in first-quarter 2024. The average realized price of silver stood at $28.46 per ounce, up from the fourth quarter&#39;s $23.22. Average realized copper prices were $9,475 per ton, up 12.1% sequentially. The company ended the quarter with 12,000 ounces of gold and 450,500 ounces of silver in inventory.
In the quarter, the cost of sales was $459 per GEO compared with the prior quarter&#39;s $436 per GEO.
Sandstorm Gold Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sand#NYSE">SAND</a>) recently announced preliminary revenues and the cash operating margin for the second quarter of 2024. Revenues in the quarter fell 16.9% year over year. The company&#39;s cash operating margin moved up 17.1%.
SAND sold nearly 17,400 attributable GEOs in the quarter. This marks a 29% decline from the 24,504 ounces of GEOs sold in second-quarter 2023. Sandstorm Gold delivered preliminary revenues of $41.4 million, suggesting a dip from $49.8 million reported in the prior-year quarter.
SAND posted a preliminary cost of sales (excluding depletion) of $4.7 million, indicating a decline from the $5.6 million reported in the first quarter of 2023. The cash operating margin was $2,043 per attributable GEO in the quarter under review, higher than the prior-year quarter&#39;s $1,744.&nbsp;
<h3>A Mining-Gold Stock to Consider</h3>
A better-ranked Mining-Gold stock is Barrick Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>). It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Barrick Gold&#39;s 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has moved 5% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 18.3%. GOLD shares have gained 32% in a year.
<a href="https://www.zacks.com/stock/news/2300180/osisko-or-reports-q2-preliminary-revenues-and-margins?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300180">To read this article on Zacks.com click here.</a>

Osisko Reports Q2 Preliminary Revenues and Margins

CIBC analyst Anita Soni maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Neutral and raises the price target from $166 to $175.

CIBC Maintains Neutral on Royal Gold, Raises Price Target to $175

BMO Capital analyst Jackie Przybylowski maintains Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) with a Outperform and raises the price target from $168 to $170.

BMO Capital Maintains Outperform on Royal Gold, Raises Price Target to $170

Royal Gold, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) (together with its subsidiaries, "Royal Gold" or the "Company," "we" or "our") announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 52,600 gold equivalent ounces (GEOs)1 comprised of approximately 39,200 ounces of gold, 593,200 ounces of silver and 1,500 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2024 (the "second quarter"). The Company had approximately 12,000 ounces of gold and 450,500 ounces of silver in inventory at June 30, 2024.
RGLD Gold AG's average realized gold, silver and copper prices for the second quarter were $2,339 per ounce, $28.46 per ounce and $9,475 per tonne ($4.30 per pound), respectively. Cost of sales was approximately $459 per GEO for the second quarter. Cost of sales is specific to the Company's streaming agreements and is the result of the Company's purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.

Royal Gold Provides Update On Subsidary, RGLD Gold AG, Sold ~52,600 Gold Equivalent Ounces Comprised Of ~39,200 Ounces Of Gold, 593,200 Ounces Of Silver And 1,500 Tonnes Of Copper Related To Its Streaming Agreements In Q2

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Royal Gold and provided 12-month price targets. The average target is $150.25, accompanied by a high estimate of $162.00 and a low estimate of $131.00. Witnessing a positive shift, the current average has risen by 0.5% from the previous average price target of $149.50.
<img src="https://www.benzinga.com/files/images/story/2024/1719421220_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Royal Gold by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Jalonen</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$131.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$162.00</td>
<td>$163.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Royal Gold. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Royal Gold compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Royal Gold's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Royal Gold's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/RGLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Royal Gold analyst ratings.</a>
<h2>About Royal Gold</h2>
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
<h3>Royal Gold: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Royal Gold's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -12.61%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.68%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Royal Gold's ROE excels beyond industry benchmarks, reaching 1.63%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Royal Gold's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.41% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Royal Gold's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Royal Gold Through The Eyes Of 4 Analysts

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RBC Capital analyst Josh Wolfson maintained a Buy rating on Royal Gold (RGLD – Research Report) on September 23 and set a price target of $155.00. ...

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Press Releases

Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, June 27, 2024

Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024

Royal Gold Provides Update on Q2 2024 Stream Segment Sales and Details for Release of Q2 2024 Results

Royal Gold Reports Strong Second Quarter Financial Results and a Return to a Net Cash Position

Royal Gold Announces Fourth Quarter Dividend

Royal Gold Presenting at the 2024 Jefferies Industrials Conference

Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, September 11, 2024

Royal Gold Presenting at the Gold Forum Americas 2024

Royal Gold Presenting at the John Tumazos Very Independent Research 2024 Virtual Conference

Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, October 16, 2024

Anglogold Ashanti

Austin Gold

Compañía de Minas

Coeur Mining

Dakota Gold

DRDGOLD Limited American Depositary Shares

DRDGold

Gold Fields Limited American Depositary Shares

Gold Fields

Gold Resource

Gold Royalty

Harmony Gold Mining Co

Hycroft Mining Holding Corporation - Class A Common Stock

Hycroft Mining Holding

McEwen Mining

Newmont

Paramount Gold Nevada

Jefferies

Scotiabank

Raymond James

CIBC

BMO Capital

<h3 class="wp-block-heading">2024년 5월 9일 주요 뉴스:</h3>
<ol>
<li>피드몬트 리튬(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>)은 69%의 기록적인 리튬 회수율을 달성한 노스 아메리칸 리튬(North American Lithium)에서 40,439드라이 메트릭톤(dmt)의 기록적인 생산량을 기록하며 <a href="https://www.benzinga.com/news/earnings/24/05/38727020/piedmont-lithium-q1-2024-adj-eps-0-61-misses-0-54-estimate-sales-13-400m-miss-15-367m-estimate">1분기 실적</a>을 보고했다.</li>
</ol>
이 회사는 하반기에 최대 가동률 생산을 기대하고 있으며, 주로 하반기에 연간 약 126,000dmt를 출하할 계획이다.
2024년 3월 31일 기준 스포듀민 정광(spodumene concentrate) 15,500dmt의 판매로 매출은 1,340만 달러에 달했으며, 현금 보유액은 7,140만 달러에 달했다.
피드몬트는 2024년 하반기에 출하량은 두 배로, 투자 비용은 절반으로 줄일 것으로 예상하고 있다.
캐롤라이나 리튬에 대한 채굴 허가도 2024년 5월에 발행되어 자금 조달 논의가 활발해졌다.
<ol start="2">
<li>라마코 리소스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>)는 1분기 순이익 200만 달러, 조정 EBITDA 2,420만 달러를 보고했는데, 이는 둘 다 2023년 4분기보다 크게 감소한 수치이다.</li>
</ol>
어려운 지질학적 문제와 노동 문제로 인해 석탄 가격이 낮아지고 채굴 비용이 높아지면서 결과에 영향을 미쳤다.
이 회사는 3월에 대부분의 수출품을 저렴한 가격으로 선적했으며 신용 시설을 2억 달러로 늘렸으며 옵션을 2억 7,500만 달러까지 늘릴 수 있었다.
라마코는 또한 2024년 6월에 지급할클래스 A와 B 주식의 분기 배당금도 선언했다.
또 읽기: <a href="https://www.benzinga.com/news/24/05/38703659/de-grey-mining-plans-to-raise-395m-for-major-gold-project-in-australia" target="_blank" rel="noopener">드 그레이 마이닝</a><a href="https://www.benzinga.com/news/24/05/38703659/de-grey-mining-plans-to-raise-395m-for-major-gold-project-in-australia">, 호주의 주요 금 프로젝트를 위해 3억 9500만 달러 조달할 계획</a>
<ol start="3">
<li>로얄 골드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)는 1분기 순이익은 4,720만 달러, 매출 1억 4,890만 달러, 영업현금흐름은 1억 3,830만 달러를 기록했다.</li>
</ol>
이 회사는 이번 분기에 1억 달러의 부채를 상환하고, 총 부채를 1억 5천만 달러로 줄였으며, 유동성을 9억 6,600만 달러로 늘렸다.
매출은 주로 금(75%)에서 발생했으며, 은(13%), 구리(9%)가 그 뒤를 이었다. 이 회사는 71,900 금 상당 온스를 판매했으며 79%의 높은 조정 EBITDA 마진을 유지했다.
분기별 배당금은 주당 40센트로 7% 증가했으며, 분기 이후 회사는 추가로 7,500만 달러의 부채를 상환하여 총 부채를 7,500만 달러로 줄였다.
<ol start="4">
<li>트레데거(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>)는 1분기 순이익은 330만 달러로 2023년 1분기 손실 100만 달러에서 상승했다.</li>
</ol>
알루미늄 압출 부문의 EBITDA는 전년 동기 대비 1,460만 달러에서 1,250만 달러로 감소한 반면, PE 필름의 EBITDA는 180만 달러에서 690만 달러로 증가했다.
부문별 판매량은 엇갈린 결과를 보였으며, 2023년 1분기에 비해 순 신규 주문은 61% 증가했다.
이 회사는 터패인(Terphane)이라는 유연한 포장 필름 사업 부문을 매각하는 과정에 있다.
지금 읽기: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38731223/barrick-gold-ceo-says-mergers-wont-fix-the-copper-shortage">배릭 골드 CEO, 합병도 구리 부족 문제를 해결 못 한다고 말해</a>
Benzinga Mining은 광산 기업과 소매 투자자 사이의 연결다리입니다. Benzinga 커뮤니티와 연결하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>으로 연락해주세요!
사진: 셔터스톡

<h4 class="wp-block-heading">2024년 4월 17일의 주요 뉴스:</h4>
<ol>
<li>피츠버그 방문 중, 조 바이든 대통령은 중국산 철강과 알루미늄 수입품에 25% 관세를 부과하고 미국의 철강 부문에 힘을 실어줄 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292245/biden-to-announce-tariff-hikes-on-chinese-steel-aluminum-imports-another-hit-to-rea">새로운 무역정책을 발표할 계획이다. </a></li>
</ol>
이번 조치는 일부 제품에 대한 미국 관세를 25%로 3배 이상 인상하고 다른 제품의 관세를 0% 또는 7.5%에서 인상함으로써 중국의 &#8216;불공정한&#8217; 무역 관행으로부터 미국 제조업 일자리를 보호하기 위한 것이다.
미국의 무역대표부 대표인 캐서린 타이는 현행 관세를 검토한 후 최종 조치를 결정할 것이다.
중국 철강과 알루미늄은 미국 시장에서 작은 부분(17억 달러)을 차지하지만 이러한 정책은 잠재적인 수입 증가와 경쟁 압력으로부터 미국 제조업체를 보호하기 위한 것이다.
<ol start="2">
<li>로얄 골드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)는 판매량, 감가상각비 및 상각비(DD&amp;A), 세율을 예측하는 2024년 지침을 발표했다.</li>
</ol>
이 회사는 금 215,000~230,000온스, 은 320만~380만 온스, 구리 1,400만~1,600만 파운드, 기타 금속 1,700만~2,000만 달러를 판매할 것으로 예상하고 있다.
DD&amp;A(감가상각, 감모 및 상각; Depreciation, Depletion and Amortization) 비용은 1억 4,100만 달러에서 1억 5,700만 달러 사이로 예상되며 유효 세율은 17%~22%이다.
상품 가격 변동성을 고려하여 가이던스는 금 환산 온스로 수익을 전환하는 대신 실물 판매 및 로열티 수익에 중점을 두어 투명성을 높이는 것을 목표로 한다.
이기업도 읽어보기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292100/freeport-mcmoran-vs-teck-resources-which-copper-stock-has-more-upside">프리포트 맥모란 대 테크 리소시스 — 어느 구리 주식의 리스크가 더 큰가</a>
<ol start="3">
<li>발리(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)의 1분기 실적은 철광석 매출이 전년 동기 대비 15% 증가한 63.8톤을 기록했으며, 생산량은 S11D 및 기타 계획의 운영 개선으로 인해 6% 증가한 70.8톤을 기록했다.</li>
</ol>
펠릿 생산량은 주로 살로보(Salobo) 3 증설로 인해 2% 증가한 8.5톤으로, 구리 생산량은 22% 증가한 81,900톤으로 나타났다.
그러나 니켈 생산량은 주로 온카 푸마(Onça Puma) 용광로 재구축으로 인해 4% 감소한 39,500톤을 기록했지만 이는 캐나다와 인도네시아의 생산량 증가로 인해 부분적으로 완화되었다.
<ol start="4">
<li>콤파니아 데 미나스 부에나벤투라 (Compania de Minas Buenaventura)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>)은 여러 생산 목표를 충족하거나 초과한 1분기 결과를 발표했다.</li>
</ol>
탐보마요(Tambomayo)는 은 생산량이 낮았음에도 불구하고 고품위 지역의 채굴로 인해 금, 납 및 아연 예측을 능가했다.
오코팜파(Orcopampa)와 코이몰라체(Coimolache)의 금 생산량은 예상치와 일치했고, 코이몰라체는 환경 허가 문제로 인해 지연에 직면했다.
훌카니(Julcani)와 우축차쿠아(Uchucchacua)는 은, 납 및 아연의 생산 목표를 충족시켰고, 윰팍(Yumpag)은 운영 허가를 받은 후 예상보다 빨리 은 가공을 시작했다.
엘 브로칼(El Brocal)의 구리 생산량은 목표에 도달했으며, 은 생산량은 늘어나고 아연 품위는 낮아졌다. 납과 아연 사업은 하루 10,500톤의 지하 채굴량을 목표로 유지보수 중이다.
사진: Asiandelight via Shutterstock

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Royal Gold

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금요일, 5월 10, 2024

수요일, 4월 17, 2024

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