Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

ROYAL GOLD INC
Next earnings Aug 4, 2026 · consensus $2.84 EPS, $472M rev
Last earnings +4.9% on 2026-05-06
Best-in-class gold royalty/streaming model: 69% gross margins, +43% revenue, near-zero operating risk — premium deserved.
Sources: SEC EDGAR (CIK 0000085535, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:42:47 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Quality fundamentals and an attractive price line up (~18% below fair value) — the rarer case where both the business and the entry look good.
Royal Gold is a precious-metals royalty and streaming company, not a miner — it owns the right to a slice of production across 18 producing streams and 63 producing royalty properties without funding capital, exploration, or operating costs (except its Hod Maden JV). That asset-light structure shows up in extraordinary unit economics: FY2025 gross margin of 69.3%, operating margin of 61.9%, and net margin of 45.2%, on revenue that grew 43.2% to $1.03B and net income of $466M (+40.4%). Operating cash flow of $705M dwarfs the modest $119M dividend, and the balance sheet is lightly levered at 0.33x liabilities/equity.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $616M | $603M | $606M | $719M | $1.03B |
| Gross profit | $333M | $323M | $343M | $471M | $714M |
| Operating income | $338M | $284M | $303M | $430M | $638M |
| Net income | $303M | $239M | $239M | $332M | $466M |
| Diluted EPS | $4.60 | $3.63 | $3.63 | $5.04 | $6.69 |
| Net margin | 49.1% | 39.6% | 39.5% | 46.2% | 45.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 2 sales
| 2026-06-16 | Shefman Randy SVP & General Counsel | Sell | 500.00 @ $215.85 | $108K |
| 2026-05-11 | Shefman Randy SVP & General Counsel | Sell | 1.00K @ $243.74 | $244K |
| 2026-03-12 | Isto Mark Director | Sell | 2.00K @ $274.83 | $550K |
| 2026-03-11 | Crandall David R VP, Corporate Secretary & CCO | Gift | 150.00 | |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 200.00 @ $280.20 | $56.0K |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 700.00 @ $281.42 | $197K |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 700.00 @ $282.82 | $198K |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 500.00 @ $283.66 | $142K |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 100.00 @ $284.41 | $28.4K |
| 2026-03-04 | Libner Paul SVP & CFO | Sell | 1.00K @ $285.84 | $286K |