Royal Gold (RGLD) Fair Value & DCF

RGLD$258.81-10.04 -3.73%
GoldLarge CapGrowth StockHigh Quality
Compare
Market cap$21.96BEnterprise value$20.85BRevenue (TTM)$1.76BMarket positionTop 25%

Score

65
Bullish
Value
44
Quality
86
Growth
66

RGLD fair value $311.67. Price $258.81. Price is 17% below fair value.

Worked example

Cash-flow value $331.07 a share. The discount rate is 8.70% (beta 0.80). It is beta-adjusted and capped at 12%.

Earnings value. Next-twelve-months earnings per share of $12.70 times 23.01 is $292.28. The peer group is Gold, 10 companies worth at least $10 billion. Peer median 12.9. Own 10-year median 33.1. The multiple used is the average of the two, kept between 8 and 30, which is 23.01.

Fair value is the average of the two, $311.67. The price is $258.81, which is 17.0% below fair value.

Royal Gold (RGLD) Fair Value & DCF

RGLD price $258.81 -10.04 -3.73%

Ticker
RGLD
Price
$258.81
Change
-10.04 -3.73%
Market cap
$21.96B
P/E
26.12
Forward P/E
21.61
Dividend yield
0.77%
Beta
0.46
Sector
Basic Materials
Industry
Gold
Stocklytics score
65
Value
44
Quality
86
Growth
66

Stocklytics score rationale: value 44, quality 86, growth 66.

AI Score 85. Royal Gold, Inc. has a strong market capitalization of $20.88 billion and impressive profit margins, including a net profit margin of 47.65%

Fair value

RGLD fair value $311.67. Price $258.81. Price is 17% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 97% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price.

Fair value blends a 10-year DCF and an earnings multiple: the average of the DCF value and an earnings value from next-twelve-months EPS times 23.0, a blend of the Gold median (12.9) and the stock's own 10-year median (33.1). How we calculate it →

Compare RGLD

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-17—2.71—493.76M
2026-11-042.802.77464.77M459.84M
2026-08-052.562.55450.50M458.85M
2026-05-063.112.77469.12M471.83M
2026-02-181.922.59375.32M391.84M
2025-11-052.062.15252.07M254.02M
2025-08-061.811.70209.64M213.75M
2025-05-071.511.43193.44M182.17M
2025-02-121.631.46202.56M163.01M
2024-11-061.461.32193.84M183.85M
2024-08-071.251.18174.10M171.37M
2024-05-080.910.94148.90M147.02M
2024-02-140.950.77152.67M140.15M
2023-11-010.760.80138.62M135.95M
2023-08-020.880.88144.04M158.92M
2023-05-030.960.99170.39M170.39M
2023-02-150.910.81162.98M165.47M
2022-11-020.710.73131.43M140.01M
2022-08-030.810.91146.44M150.39M
2022-05-040.990.83162.35M143.45M
2022-02-161.050.94168.03M168.03M
2021-11-031.070.97174.43M156.45M
2021-08-111.040.93168.03M168.03M
2021-05-050.840.81140.75M149.23M
2021-02-030.920.89158.36M152.68M
2020-11-040.820.80146.88M154.04M
2020-08-050.530.50119.97M115.44M
2020-05-060.680.58135.59M136.44M
2020-02-050.630.68123.64M133.46M
2019-11-060.600.58118.77M116.79M
2019-08-070.400.46115.69M133.05M
2019-05-010.440.44109.78M109.78M
2019-02-060.360.3597.59M94.88M
2018-10-310.230.3799.99M160.87M
2018-08-080.430.43116.23M116.20M
2018-05-020.480.44115.98M103.92M
2018-02-070.410.42114.35M117.09M
2017-11-010.440.38112.48M97.16M
2017-08-090.310.36108.93M126.46M
2017-05-100.360.35106.97M104.03M

Dividends

Yield 0.73%. Payout ratio 17.94%. Frequency Quarterly.

Safety score 78/100 · Safe. Payout ratio is 18% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividends were paid in 27 separate years. Yield is 0.7%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-10-02$0.472026-10-022026-10-16Quarterly
2026-07-02$0.472026-07-022026-07-16Quarterly
2026-04-02$0.472026-04-022026-04-16Quarterly
2026-01-02$0.472026-01-022026-01-16Quarterly
2025-10-03$0.452025-10-032025-10-17Quarterly
2025-07-03$0.452025-07-032025-07-17Quarterly
2025-04-04$0.452025-04-042025-04-17Quarterly
2025-01-03$0.452025-01-032025-01-17Quarterly
2024-10-04$0.402024-10-042024-10-18Quarterly
2024-07-05$0.402024-07-052024-07-19Quarterly
2024-04-04$0.402024-04-052024-04-19Quarterly
2024-01-04$0.402024-01-052024-01-19Quarterly
2023-10-05$0.382023-10-062023-10-20Quarterly
2023-07-06$0.382023-07-072023-07-21Quarterly
2023-04-05$0.382023-04-062023-04-21Quarterly
2023-01-05$0.382023-01-062023-01-20Quarterly
2022-10-06$0.352022-10-072022-10-21Quarterly
2022-06-30$0.352022-07-012022-07-15Quarterly
2022-03-31$0.352022-04-012022-04-14Quarterly
2022-01-06$0.352022-01-072022-01-21Quarterly
2021-09-30$0.302021-10-012021-10-15Quarterly
2021-07-01$0.302021-07-022021-07-16Quarterly
2021-03-31$0.302021-04-012021-04-15Quarterly
2021-01-07$0.302021-01-082021-01-22Quarterly
2020-10-01$0.282020-10-022020-10-16Quarterly
2020-07-01$0.282020-07-022020-07-16Quarterly
2020-04-02$0.282020-04-032020-04-17Quarterly
2020-01-02$0.282020-01-032020-01-17Quarterly
2019-10-03$0.272019-10-042019-10-18Quarterly
2019-07-03$0.272019-07-052019-07-19Quarterly
2019-04-04$0.272019-04-052019-04-19Quarterly
2019-01-03$0.272019-01-042019-01-18Quarterly
2018-10-04$0.252018-10-052018-10-19Quarterly
2018-07-05$0.252018-07-062018-07-20Quarterly
2018-04-05$0.252018-04-062018-04-20Quarterly
2018-01-04$0.252018-01-052018-01-19Quarterly
2017-10-05$0.242017-10-062017-10-20Quarterly
2017-07-05$0.242017-07-072017-07-21Quarterly
2017-04-05$0.242017-04-072017-04-21Quarterly
2017-01-04$0.242017-01-062017-01-20Quarterly
2016-09-28$0.232016-09-302016-10-14Quarterly
2016-06-29$0.232016-07-012016-07-15Quarterly
2016-03-30$0.232016-04-012016-04-15Quarterly
2016-01-06$0.232016-01-082016-01-22Quarterly
2015-09-30$0.222015-10-022015-10-16Quarterly
2015-06-30$0.222015-07-022015-07-17Quarterly
2015-03-31$0.222015-04-022015-04-17Quarterly
2014-12-30$0.222015-01-022015-01-16Quarterly
2014-10-01$0.212014-10-032014-10-17Quarterly
2014-07-01$0.212014-07-032014-07-18Quarterly
2014-04-02$0.212014-04-042014-04-18Quarterly
2013-12-31$0.212014-01-032014-01-17Quarterly
2013-10-02$0.202013-10-042013-10-18Quarterly
2013-07-02$0.202013-07-052013-07-19Quarterly
2013-04-03$0.202013-04-052013-04-19Quarterly
2013-01-02$0.202013-01-042013-01-18Quarterly
2012-10-03$0.152012-10-052012-10-19Quarterly
2012-07-03$0.152012-07-062012-07-20Quarterly
2012-04-03$0.152012-04-052012-04-20Quarterly
2012-01-04$0.152012-01-062012-01-20Quarterly
2011-09-28$0.112011-09-302011-10-14Quarterly
2011-06-29$0.112011-07-012011-07-15Quarterly
2011-03-30$0.112011-04-012011-04-15Quarterly
2011-01-05$0.112011-01-072011-01-21Quarterly
2010-09-29$0.092010-10-012010-10-15Quarterly
2010-06-30$0.092010-07-022010-07-16Quarterly
2010-03-30$0.092010-04-012010-04-16Quarterly
2009-12-30$0.092010-01-042010-01-15Quarterly
2009-09-30$0.082009-10-022009-10-16Quarterly
2009-06-30$0.082009-07-022009-07-17Quarterly
2009-04-01$0.082009-04-032009-04-17Quarterly
2008-12-30$0.082009-01-022009-01-16Quarterly
2008-10-01$0.072008-10-032008-10-17Quarterly
2008-07-01$0.072008-07-032008-07-18Quarterly
2008-04-02$0.072008-04-042008-04-18Quarterly
2008-01-02$0.072008-01-042008-01-18Quarterly
2007-10-03$0.072007-10-052007-10-19Quarterly
2007-07-03$0.072007-07-062007-07-20Quarterly
2007-04-03$0.072007-04-052007-04-20Quarterly
2007-01-03$0.072007-01-052007-01-19Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-05Heissenbuttel William HolmesSell120$230.2227.63K
2026-10-05Heissenbuttel William HolmesSell160$231.6237.06K
2026-10-05Heissenbuttel William HolmesSell280$233.1065.27K
2026-10-05Heissenbuttel William HolmesSell841$234.17196.94K
2026-10-05Heissenbuttel William HolmesSell983$235.05231.05K
2026-10-05Heissenbuttel William HolmesSell41$235.849.67K
2026-09-14Raffield MartinSell27$248.346.71K
2026-09-11Raffield MartinSell40——
2026-09-03Heissenbuttel William HolmesSell57$259.9814.82K
2026-09-03Heissenbuttel William HolmesSell1.61K$261.31420.19K
2026-09-03Heissenbuttel William HolmesSell877$262.31230.05K
2026-09-03Heissenbuttel William HolmesSell1.17K$263.53309.12K
2026-09-03Heissenbuttel William HolmesSell3.56K$264.59941.94K
2026-08-28Shefman RandySell500$262.80131.40K
2026-06-16Shefman RandySell500$215.85107.92K
2026-05-11Shefman RandySell1.00K$243.74243.74K
2026-03-12Isto MarkSell2.00K$274.83549.66K
2026-03-11Crandall David RSell150——
2026-03-04Libner PaulSell200$280.2056.04K
2026-03-04Libner PaulSell700$281.42196.99K
2026-03-04Libner PaulSell700$282.82197.97K
2026-03-04Libner PaulSell500$283.66141.83K
2026-03-04Libner PaulSell100$284.4128.44K
2026-03-04Libner PaulSell1.00K$285.84285.84K
2026-03-02Shefman RandySell309$304.2994.03K
2026-03-02Raffield MartinSell213$304.2964.81K
2026-03-02Libner PaulSell515$304.29156.71K
2026-03-02Breeze DanielSell700$299.73209.81K
2026-03-02Breeze DanielSell700$302.00211.40K
2026-03-02Heissenbuttel William HolmesSell1.40K$304.29424.48K
2026-03-01Crandall David RSell232$299.7969.55K
2026-03-01Shefman RandySell368$299.79110.32K
2026-03-01Raffield MartinSell354$299.79106.13K
2026-03-01Libner PaulSell622$299.79186.47K
2026-03-01Heissenbuttel William HolmesSell1.62K$299.79486.86K
2026-02-27Crandall David RSell192$299.7957.56K
2026-02-27Shefman RandySell312$299.7993.53K
2026-02-27Raffield MartinSell313$299.7993.83K
2026-02-27Libner PaulSell480$299.79143.90K
2026-02-27Heissenbuttel William HolmesSell1.22K$299.79364.54K
2026-02-26Sokalsky Jamie CBuy561——
2026-02-26Vance Ronald JBuy561——
2026-02-26Veenman Sybil EBuy561——
2026-02-26Isto MarkBuy561——
2026-02-26Chubbs FabianaBuy561——
2026-02-26Hayes William M.Buy561——
2026-02-26Crandall David RBuy914——
2026-02-26Shefman RandyBuy340——
2026-02-26Shefman RandyBuy1.56K——
2026-02-26Raffield MartinBuy340——
2026-02-26Raffield MartinBuy1.61K——
2026-02-26Libner PaulBuy340——
2026-02-26Libner PaulBuy1.61K——
2026-02-26Breeze DanielBuy340——
2026-02-26Breeze DanielBuy1.79K——
2026-02-26Heissenbuttel William HolmesBuy680——
2026-02-26Heissenbuttel William HolmesBuy4.21K——
2026-02-20Hayes William M.Sell4.17K$277.071.16M
2026-02-03Isto MarkSell580——
2025-12-17Libner PaulSell463——
2025-12-17Vance Ronald JSell300$218.5365.56K
2025-12-11Vance Ronald JSell500$218.29109.14K
2025-12-04Breeze DanielSell970$202.23196.16K
2025-11-24Libner PaulSell225——
2025-09-14Raffield MartinSell18$189.323.41K
2025-08-18Heissenbuttel William HolmesSell657$171.55112.71K
2025-08-18Shefman RandySell186$171.5531.91K
2025-08-18Libner PaulSell229$171.5539.28K
2025-06-10Libner PaulSell2.00K$176.96353.92K
2025-05-22Isto MarkOther0——
2025-04-22Heissenbuttel William HolmesBuy9.43K$77.73733.30K
2025-04-22Heissenbuttel William HolmesBuy8.06K$87.42704.34K
2025-04-22Heissenbuttel William HolmesSell11.19K$185.922.08M
2025-04-22Heissenbuttel William HolmesBuy1.29K$77.7399.96K
2025-04-22Heissenbuttel William HolmesBuy1.14K$87.4299.92K
2025-04-22Heissenbuttel William HolmesSell1.61K$185.92299.52K
2025-04-22Heissenbuttel William HolmesBuy1.20K$83.2999.95K
2025-04-22Heissenbuttel William HolmesSell6.13K$185.921.14M
2025-04-22Heissenbuttel William HolmesBuy7.72K$83.29643.00K
2025-04-22Heissenbuttel William HolmesSell9.43K$77.73733.30K
2025-04-22Heissenbuttel William HolmesSell1.29K$77.7399.96K
2025-04-22Heissenbuttel William HolmesSell7.72K$83.29643.00K
2025-04-22Heissenbuttel William HolmesSell1.20K$83.2999.95K
2025-04-22Heissenbuttel William HolmesSell8.06K$87.42704.34K
2025-04-22Heissenbuttel William HolmesSell1.14K$87.4299.92K
2025-03-17Shefman RandySell1.30K$154.98201.47K
2025-03-11Breeze DanielSell705$154.00108.57K
2025-03-03Shefman RandyBuy1.41K——
2025-03-03Shefman RandySell546$147.5680.57K
2025-03-03Raffield MartinBuy1.22K——
2025-03-03Raffield MartinSell471$147.5669.50K
2025-03-03Libner PaulBuy1.41K——
2025-03-03Libner PaulSell546$147.5680.57K
2025-03-02Shefman RandySell302$147.0044.39K
2025-03-02Raffield MartinSell213$147.0031.31K
2025-03-02Libner PaulSell339$147.0049.83K
2025-03-01Shefman RandySell403$147.0059.24K
2025-03-01Raffield MartinSell390$147.0057.33K
2025-03-01Libner PaulSell439$147.0064.53K
2025-03-01Crandall David RSell268$147.0039.40K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 800, holders -45 vs prior quarter. Ownership 84.25%.

HolderSharesChangeChange %Value
BLACKROCK, INC.10.91M437.94K+4.18%2.18B
CAPITAL WORLD INVESTORS9.32M-1.19M-11.35%1.86B
VANGUARD PORTFOLIO MANAGEMENT LLC4.13M15.32K+0.37%823.51M
STATE STREET CORP3.90M304.11K+8.45%779.34M
VANGUARD CAPITAL MANAGEMENT LLC3.80M34.07K+0.91%758.00M
VAN ECK ASSOCIATES CORP2.93M-274.20K-8.56%584.79M
INVESCO LTD.2.07M-176.78K-7.87%413.18M
GEODE CAPITAL MANAGEMENT, LLC1.74M13.49K+0.78%347.51M
CAPITAL RESEARCH GLOBAL INVESTORS1.45M596.13K+69.63%289.88M
NORGES BANK1.41M1.41MNew281.37M
UBS GROUP AG1.22M788.28K+183.37%243.16M
AQR CAPITAL MANAGEMENT LLC1.04M236.55K+29.30%207.62M
NORTHERN TRUST CORP893.44K16.20K+1.85%178.34M
FIRST EAGLE INVESTMENT MANAGEMENT, LLC861.79K-55.83K-6.08%172.02M
DIMENSIONAL FUND ADVISORS LP836.65K-111.61K-11.77%167.03M
MORGAN STANLEY827.94K-102.54K-11.02%165.27M
FMR LLC794.73K-63.93K-7.45%158.64M
BANK OF NEW YORK MELLON CORP755.28K-53.23K-6.58%150.76M
NUVEEN, LLC736.78K258.57K+54.07%147.07M
QUBE RESEARCH & TECHNOLOGIES LTD705.27K114.69K+19.42%140.78M
BNP PARIBAS ASSET MANAGEMENT HOLDING S.A.593.51K74.03K+14.25%118.48M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC574.30K96+0.02%114.64M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.574.30K574.30KNew114.64M
NINETY ONE UK LTD563.74K82.12K+17.05%112.53M
CAPITAL INTERNATIONAL INVESTORS563.36K-416.73K-42.52%112.45M

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