FY2026 Earnings Estimate for Royal Gold Issued By Scotiabank

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Royal Gold to $10.76 from $10.79, while maintaining a “Sector Perform” rating and a $310 price target. The revised estimate remains above the broader consensus of $10.32.
• Royal Gold exceeded quarterly expectations, reporting $2.56 in EPS versus $2.55 expected and $468.98 million in revenue. Revenue increased 114.9% year over year, while net margin was 47.74%.
• Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus target price of $285.10. Royal Gold also declared a quarterly dividend of $0.475 per share, equivalent to a 0.7% annualized yield.

Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL - Analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Royal Gold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $10.76 per share for the year, down from their previous forecast of $10.79. Scotiabank has a "Sector Perform" rating and a $310.00 price objective on the stock. The consensus estimate for Royal Gold's current full-year earnings is $10.32 per share.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business had revenue of $468.98 million during the quarter, compared to analysts' expectations of $458.85 million. During the same quarter last year, the business posted $1.81 EPS. The business's quarterly revenue was up 114.9% compared to the same quarter last year.

A number of other equities research analysts also recently commented on RGLD. UBS Group increased their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Zacks Research cut shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Jefferies Financial Group lowered their target price on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Finally, Royal Bank Of Canada dropped their target price on Royal Gold from $310.00 to $305.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $285.10.

Royal Gold Price Performance

RGLD stock opened at $259.01 on Monday. The company's 50 day moving average price is $210.17 and its 200 day moving average price is $236.44. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.95 and a beta of 0.44. Royal Gold has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92.

Institutional Investors Weigh In On Royal Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Plancorp LLC boosted its stake in shares of Royal Gold by 69.8% during the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company's stock worth $3,053,000 after buying an additional 5,646 shares during the period. World Investment Advisors purchased a new stake in Royal Gold during the 4th quarter valued at approximately $1,024,000. TD Asset Management Inc lifted its position in Royal Gold by 161.2% during the 4th quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company's stock worth $9,744,000 after acquiring an additional 27,051 shares during the period. Vestcor Inc grew its stake in shares of Royal Gold by 62.5% in the 4th quarter. Vestcor Inc now owns 32,177 shares of the basic materials company's stock valued at $7,153,000 after purchasing an additional 12,381 shares during the last quarter. Finally, WJ Financial Advisors LLC acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $1,010,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold's dividend payout ratio (DPR) is presently 20.74%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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