US · USD

RGLD

Royal Gold Inc

$233.64-0.43% (-$1.00)
Day's range
$229.53 – $236.07
Day's volume
$160.6M
52-week range
$167.67 – $302.40

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RGLD in numbers

Market cap
$19.8B
P/E
26.83
P/B
2.61
Dividend yield (12m)
0.81%
Net debt/EBITDA
0.17

The 12-month dividend yield of RGLD is 0.81%, below its 5-year average of 1.13%.

RGLD price history

10/06/202510/05/2026
Compare with

RGLD risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+15.58%+98.02%+147.36%
Volatility (annualized)48.02%37.89%36.06%
Largest drawdown-33.56%-33.56%-34.74%
Positive months4/1218/3630/60

How much did investing in RGLD return?

$1,000.00 invested on 11/01/2021 would be worth $2,473.56 today.

Value today in RGLD
$2,473.56
Return over the period
+147.36%
Return per year
+20.19%
In the S&P 500
$1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

RGLD fundamentals

Valuation

  • P/E
    26.83
  • P/B
    2.61
  • EV/EBITDA
    16.00
  • EV/EBIT
    21.06
  • EV/Revenue
    12.93
  • P/EBIT
    20.83
  • P/S
    12.80
  • P/OCF
    18.95
  • P/FCF
    —
  • Earnings yield
    4.75%
  • PEG ratio
    —
  • Earnings per share
    $8.71
  • Book value per share
    $89.55

Debt

  • Net debt
    $213.4M
  • Net debt/EBITDA
    0.17
  • Net debt/Equity
    0.03
  • Debt/Equity
    0.05
  • Current ratio
    2.92
  • Quick ratio
    —
  • Cash ratio
    1.44

Efficiency

  • Gross margin
    66.83%
  • EBITDA margin
    80.82%
  • Operating margin
    61.42%
  • Net margin
    47.70%
  • Asset turnover
    0.16

Profitability

  • ROE
    9.73%
  • ROA
    7.81%
  • ROIC
    9.97%
  • Payout
    21.81%

Growth

  • Revenue CAGR (5 years)
    20.23%
  • Earnings CAGR (5 years)
    19.52%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is RGLD's fair price?

Two classic value formulas, with today's numbers. The current price is $233.64.

Graham's fair price
$132.47
43.30% below the price

√(22.50 × $8.71 × $89.55)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$25.00
89.30% below the price

$1.50 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

RGLD's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202120202019
P/E40.4326.1133.1930.9625.1922.8235.0085.42
P/B2.632.782.752.702.672.773.073.75
EV/EBITDA23.9414.7617.2816.9713.3413.2418.5826.70
Dividend yield0.81%1.21%1.24%1.24%1.14%1.14%1.05%0.87%
Earnings per share$5.50$5.05$3.64$3.64$4.18$4.61$3.04$1.43
Book value per share$84.39$47.43$43.97$41.76$39.46$37.96$34.64$32.59
ROE6.51%10.65%8.29%8.72%10.59%12.15%8.77%4.39%
ROIC6.71%11.47%8.52%7.81%10.63%12.08%8.83%5.27%
Gross margin69.32%65.50%56.69%53.56%—54.07%47.32%42.21%
EBITDA margin79.11%79.83%77.29%76.70%79.16%84.63%75.05%71.80%
Net margin45.25%46.15%39.53%39.62%41.93%49.12%39.96%22.18%
Net debt/EBITDA0.81-0.340.300.98——-0.050.31

RGLD's financial statements

Line202520242023202220212021
Net revenue$1B$719.4M$605.7M$603.2M$653.6M$615.9M
Cost of revenue——————
Gross profit$714.3M$471.2M$343.4M$323.1M—$333M
EBITDA$815.2M$574.3M$468.1M$462.6M$517.4M$521.2M
EBIT$638.2M$429.9M$303.2M$283.7M$328.4M$337.6M
Financial result——————
Income before tax$573.9M$426.1M$282.1M$272.9M$328.2M$339.6M
Income tax-$102.3M-$93.6M-$42M-$32.9M-$53.2M-$36.9M
Net income$466.3M$332M$239.4M$239M$274M$302.5M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does RGLD pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend10/01/202610/16/2026$0.48

Dividend yield per year

  • 1.17%2017
  • 1.17%2018
  • 0.87%2019
  • 1.05%2020
  • 1.14%2021
  • 1.24%2022
  • 1.24%2023
  • 1.21%2024
  • 0.81%2025
  • 0.61%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend07/01/202607/16/2026$0.48
Dividend04/01/202604/16/2026$0.48
Dividend01/01/202601/16/2026$0.48
Dividend10/02/202510/17/2025$0.45
Dividend07/02/202507/17/2025$0.45
Dividend04/03/202504/17/2025$0.45
Dividend01/02/202501/17/2025$0.45
Dividend10/03/202410/18/2024$0.40
Dividend07/04/202407/19/2024$0.40
Dividend04/03/202404/19/2024$0.40
Dividend01/03/202401/19/2024$0.40
Dividend10/04/202310/20/2023$0.38
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend07/05/202307/21/2023$0.38
Dividend04/04/202304/21/2023$0.38
Dividend01/04/202301/20/2023$0.38
Dividend10/05/202210/21/2022$0.35
Dividend06/29/202207/15/2022$0.35
Dividend03/30/202204/14/2022$0.35
Dividend01/05/202201/21/2022$0.35
Dividend09/29/202110/15/2021$0.30
Dividend06/30/202107/16/2021$0.30
Dividend03/30/202104/15/2021$0.30
Dividend01/06/202101/22/2021$0.30
Dividend09/30/202010/16/2020$0.28
Dividend06/30/202007/16/2020$0.28
Dividend04/01/202004/17/2020$0.28
Dividend01/01/202001/17/2020$0.28
Dividend10/02/201910/18/2019$0.27
Dividend07/02/201907/19/2019$0.27
Dividend04/03/201904/19/2019$0.27
Dividend01/02/201901/18/2019$0.27
Dividend10/03/201810/19/2018$0.25
Dividend07/04/201807/20/2018$0.25
Dividend04/04/201804/20/2018$0.25
Dividend01/03/201801/19/2018$0.25
Dividend10/04/201710/20/2017$0.24
Dividend07/04/201707/21/2017$0.24
Dividend04/04/201704/21/2017$0.24
Dividend01/03/201701/20/2017$0.24

About Royal Gold

Sector
Finance, insurance and real estate

Questions about RGLD

How much is RGLD today?

RGLD is at $233.64 (-0.43% on the day), last traded on 10/05/2026.

How much did RGLD pay in dividends in 2025?

RGLD paid $1.80 per share in 2025, a dividend yield of 0.81%.

When is the next RGLD dividend?

The next announced payment is $0.48 per share on 10/16/2026.

What are the P/E and P/B of RGLD?

RGLD trades at a P/E of 26.83 and a P/B of 2.61.

How much did RGLD return in 12 months?

RGLD returned 15.58% in 12 months, with annualized volatility of 48.02% and a largest drawdown of -33.56%.