Royal Gold, Inc. (RGLD) Presents at Virtual Non-Deal Roadshow Series Transcript
Royal Gold is rated a buy, supported by a capital-light, high-margin business model and a robust dividend growth track record. The company's recent acquisitions, efficient operations, and balanced asset portfolio position it for strong cash flow and double-digit growth through 2027. Despite a 40% rally in 2025, RGLD trades at a 32% discount to fair value, offering 53% upside potential and 18%+ annual total returns.
Royal Gold, Inc. is upgraded to a Buy, reflecting robust financials, solid project advancements, and improving gold market fundamentals. RGLD's revenue is highly gold-focused, with strong income growth, high margins, and prudent capital allocation following major acquisitions. Recent deals, including Sandstorm and Horizon, position RGLD for accelerated growth and a unique competitive position among royalty and streaming peers.
| - Industry | - Sector | William H. Heissenbuttel CEO | NASDAQ (NGS) Exchange | 780287108 CUSIP |
| US Country | 30 Employees | 2 Jan 2026 Last Dividend | - Last Split | 26 Mar 1990 IPO Date |
Royal Gold, Inc., established in 1981 and based in Denver, Colorado, operates with its subsidiaries in the acquisition and management of precious metal streams, royalties, and related interests. The company focuses on engaging in transactions to acquire stream and royalty interests, or to finance projects that are at various stages of the production cycle, including production, development, or exploration, in exchange for stream or royalty interests. These interests predominantly consist of precious metals like gold, silver, copper, nickel, zinc, lead, among others. Royal Gold, Inc. boasts a diverse portfolio, with its stream and royalty interests spanning across multiple countries, including the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, Botswana, among other international locations.
Stream interests involve Royal Gold providing upfront payments to mining companies in exchange for the right to purchase a percentage of the future produced metals at a predetermined price. This model is beneficial for both parties, providing mining operations with necessary funding while offering Royal Gold exposure to precious metals at reduced costs.
Royalty interests are similar to stream interests but differ primarily in the method of compensation. In this arrangement, Royal Gold receives a fixed percentage of the gross or net revenue from the mined metal, without contributing to the mining costs. This setup allows the company to gain a passive income from the mining operations it invests in.
Royal Gold actively participates in financing projects related to precious metal mining. The company provides capital for projects in the production, development, or exploration stages in exchange for stream or royalty interests. This not only aids in the development of mining projects but also secures future streams or royalties for Royal Gold, contributing to its growth and expansion.