We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
RGLD Earnings Miss Estimates in Q3, Shares Rise 4% on Record Revenues
Read MoreHide Full Article
Key Takeaways
Royal Gold reported a 3Q25 EPS of $2.06, up from $1.47 a year earlier.
Revenues hit a record $252M, rising 30% y/y on higher metal prices and output.
Stream and royalty revenues climbed 25% and 42%, boosting RGLD's 82% EBITDA margin.
Shares of Royal Gold, Inc. (RGLD - Free Report) have gained 4% since reporting third-quarter 2025 results on Nov. 5 on record revenues and improved earnings.
RGLD reported adjusted earnings per share (EPS) of $2.06 in third-quarter 2025. The company had reported an EPS of $1.47 in the year-ago quarter. However, it missed the Zacks Consensus Estimate of $2.30.
Royal Gold, Inc. Price, Consensus and EPS Surprise
Including one-time items, the company reported an EPS of $1.92 compared with the prior-year quarter’s $1.46.
RGLD generated record revenues of $252 million, up 30% year over year. The upside was driven by higher average metal prices; gold sales from Andacollo and Rainy River; and higher production from Peñasquito. However, these factors were offset by lower gold sales from Xavantina.
Stream revenues were $166 million and royalty revenues were $86 million in the September-end quarter. Stream revenues increased 24.8% year over year and royalty revenues rose 41.5%.
The company’s cost of sales was $31 million in the third quarter compared with the prior-year quarter’s $27 million.
General and administrative expenses amounted to $10 million, flat year over year. The adjusted EBITDA was $206 million in the reported quarter, up 30.5% year over year. The adjusted EBITDA margin was 82% compared with the prior-year quarter’s 81%.
RGLD’s Q3 Cash Position
Net cash from operating activities was $174 million in the third quarter compared with the prior-year quarter’s $137 million. Royal Gold ended the quarter with cash and cash equivalents of around $173 million compared with $195 million at the end of 2024.
Royal Gold’s Other Updates
On Oct. 20, 2025, RGLD completed the previously announced acquisition of Sandstorm Gold Ltd. and Horizon Copper Corp. Sandstorm and Horizon’s results were not included in the company’s third-quarter 2025 financials.
Sandstorm reported revenues of $57.5 million in the third quarter, while Horizon’s revenues for the quarter were $6 million.
RGLD Stock’s Price Performance
In the past year, shares of Royal Gold have gained 23.8% compared with the industry’s growth of 97.4%.
Newmont Corporation (NEM - Free Report) reported third-quarter 2025 adjusted earnings of $1.71 per share, up from 81 cents in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.29.
NEM’s revenues for the third quarter were $5.52 billion, up roughly 20% from $4.61 billion in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4.97 billion. The increase in the top line was primarily due to higher year-over-year realized gold prices.
Agnico Eagle Mines Limited (AEM - Free Report) posted adjusted earnings of $2.16 per share for the third quarter of 2025, up from $1.14 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.76.
Agnico Eagle Mines generated revenues of $3.06 billion, up 41.9% year over year. The top line surpassed the Zacks Consensus Estimate of $2.73 billion.
Kinross Gold Corporation (KGC - Free Report) registered adjusted earnings of 44 cents per share compared with the prior-year quarter’s 24 cents. The bottom line beat the Zacks Consensus Estimate of 39 cents.
Kinross Gold’s revenues rose 25.8% year over year to $1.80 billion in the third quarter. It topped the Zacks Consensus Estimate of $1.53 billion.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
RGLD Earnings Miss Estimates in Q3, Shares Rise 4% on Record Revenues
Key Takeaways
Shares of Royal Gold, Inc. (RGLD - Free Report) have gained 4% since reporting third-quarter 2025 results on Nov. 5 on record revenues and improved earnings.
RGLD reported adjusted earnings per share (EPS) of $2.06 in third-quarter 2025. The company had reported an EPS of $1.47 in the year-ago quarter. However, it missed the Zacks Consensus Estimate of $2.30.
Royal Gold, Inc. Price, Consensus and EPS Surprise
Royal Gold, Inc. price-consensus-eps-surprise-chart | Royal Gold, Inc. Quote
Including one-time items, the company reported an EPS of $1.92 compared with the prior-year quarter’s $1.46.
RGLD generated record revenues of $252 million, up 30% year over year. The upside was driven by higher average metal prices; gold sales from Andacollo and Rainy River; and higher production from Peñasquito. However, these factors were offset by lower gold sales from Xavantina.
Stream revenues were $166 million and royalty revenues were $86 million in the September-end quarter. Stream revenues increased 24.8% year over year and royalty revenues rose 41.5%.
The company’s cost of sales was $31 million in the third quarter compared with the prior-year quarter’s $27 million.
General and administrative expenses amounted to $10 million, flat year over year. The adjusted EBITDA was $206 million in the reported quarter, up 30.5% year over year. The adjusted EBITDA margin was 82% compared with the prior-year quarter’s 81%.
RGLD’s Q3 Cash Position
Net cash from operating activities was $174 million in the third quarter compared with the prior-year quarter’s $137 million. Royal Gold ended the quarter with cash and cash equivalents of around $173 million compared with $195 million at the end of 2024.
Royal Gold’s Other Updates
On Oct. 20, 2025, RGLD completed the previously announced acquisition of Sandstorm Gold Ltd. and Horizon Copper Corp. Sandstorm and Horizon’s results were not included in the company’s third-quarter 2025 financials.
Sandstorm reported revenues of $57.5 million in the third quarter, while Horizon’s revenues for the quarter were $6 million.
RGLD Stock’s Price Performance
In the past year, shares of Royal Gold have gained 23.8% compared with the industry’s growth of 97.4%.
Royal Gold’s Zacks Rank
The company currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Peer Performances
Newmont Corporation (NEM - Free Report) reported third-quarter 2025 adjusted earnings of $1.71 per share, up from 81 cents in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.29.
NEM’s revenues for the third quarter were $5.52 billion, up roughly 20% from $4.61 billion in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4.97 billion. The increase in the top line was primarily due to higher year-over-year realized gold prices.
Agnico Eagle Mines Limited (AEM - Free Report) posted adjusted earnings of $2.16 per share for the third quarter of 2025, up from $1.14 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.76.
Agnico Eagle Mines generated revenues of $3.06 billion, up 41.9% year over year. The top line surpassed the Zacks Consensus Estimate of $2.73 billion.
Kinross Gold Corporation (KGC - Free Report) registered adjusted earnings of 44 cents per share compared with the prior-year quarter’s 24 cents. The bottom line beat the Zacks Consensus Estimate of 39 cents.
Kinross Gold’s revenues rose 25.8% year over year to $1.80 billion in the third quarter. It topped the Zacks Consensus Estimate of $1.53 billion.