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Royal Gold (RGLD) Down 17.2% Since Last Earnings Report: Can It Rebound?
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A month has gone by since the last earnings report for Royal Gold (RGLD - Free Report) . Shares have lost about 17.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Royal Gold due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Royal Gold, Inc. before we dive into how investors and analysts have reacted as of late.
Royal Gold Q4 Earnings Miss Estimates, Revenues Surge 85% Y/Y
Royal Gold reported adjusted earnings per share of $1.92 in the fourth quarter of 2025, missing the Zacks Consensus Estimate of $2.68. The bottom line increased 18% year over year.
Royal Gold’s Q4 Revenues Rise Y/Y
RGLD generated record revenues of $375 million, up 85% year over year. Stream revenues were $265 million in the December-end quarter, up year over year from $125 million. Royalty revenues were $111 million, up 42.2% year over year.
RGLD Reports 82% EBITDA Margin in Q4
The company’s cost of sales was $50.8 million in the fourth quarter, skyrocketing 109.1% year over year. General and administrative expenses amounted to $17.6 million, surging 97.8% year over year. The adjusted EBITDA was $307 million in the reported quarter, soaring 81.3% year over year. The adjusted EBITDA margin came in at 82% compared with the prior-year quarter’s 84%.
Royal Gold’s Q4 Cash Position
Net cash from operating activities was $242 million in the fourth quarter, up from $141 million in the year-ago quarter. Royal Gold ended the quarter with cash and cash equivalents of $234 million compared with $195 million at the end of the fourth quarter of 2024.
RGLD’s 2025 Performance
The company delivered adjusted earnings per share of $7.33 in 2025, missing the Zacks Consensus Estimate of $8.12. The bottom line increased 39% from 2024.
RGLD generated record revenues of $1.03 billion, up 43.2% year over year. The upside was driven by higher average metal prices and contributions from the Kansanshi stream, and Sandstorm and Horizon assets. Higher gold and silver sales from Pueblo Viejo, gold sales from Andacollo and increased gold production from Peñasquito also aided growth. However, the gains were partially offset by lower gold and copper sales from Mount Milligan and reduced gold sales from Xavantina.
Stream revenues were $686.5 million in 2025, up 42% from 2024. Royalty revenues were $344 million in 2025, up from $236 million in 2024.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -9.67% due to these changes.
VGM Scores
Currently, Royal Gold has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Royal Gold has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Royal Gold (RGLD) Down 17.2% Since Last Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for Royal Gold (RGLD - Free Report) . Shares have lost about 17.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Royal Gold due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Royal Gold, Inc. before we dive into how investors and analysts have reacted as of late.
Royal Gold Q4 Earnings Miss Estimates, Revenues Surge 85% Y/Y
Royal Gold reported adjusted earnings per share of $1.92 in the fourth quarter of 2025, missing the Zacks Consensus Estimate of $2.68. The bottom line increased 18% year over year.
Royal Gold’s Q4 Revenues Rise Y/Y
RGLD generated record revenues of $375 million, up 85% year over year. Stream revenues were $265 million in the December-end quarter, up year over year from $125 million. Royalty revenues were $111 million, up 42.2% year over year.
RGLD Reports 82% EBITDA Margin in Q4
The company’s cost of sales was $50.8 million in the fourth quarter, skyrocketing 109.1% year over year. General and administrative expenses amounted to $17.6 million, surging 97.8% year over year. The adjusted EBITDA was $307 million in the reported quarter, soaring 81.3% year over year. The adjusted EBITDA margin came in at 82% compared with the prior-year quarter’s 84%.
Royal Gold’s Q4 Cash Position
Net cash from operating activities was $242 million in the fourth quarter, up from $141 million in the year-ago quarter. Royal Gold ended the quarter with cash and cash equivalents of $234 million compared with $195 million at the end of the fourth quarter of 2024.
RGLD’s 2025 Performance
The company delivered adjusted earnings per share of $7.33 in 2025, missing the Zacks Consensus Estimate of $8.12. The bottom line increased 39% from 2024.
RGLD generated record revenues of $1.03 billion, up 43.2% year over year. The upside was driven by higher average metal prices and contributions from the Kansanshi stream, and Sandstorm and Horizon assets. Higher gold and silver sales from Pueblo Viejo, gold sales from Andacollo and increased gold production from Peñasquito also aided growth. However, the gains were partially offset by lower gold and copper sales from Mount Milligan and reduced gold sales from Xavantina.
Stream revenues were $686.5 million in 2025, up 42% from 2024. Royalty revenues were $344 million in 2025, up from $236 million in 2024.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -9.67% due to these changes.
VGM Scores
Currently, Royal Gold has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Royal Gold has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.