Key Takeaways RGLD hit a 52-week high as near-record gold prices lifted shares before a modest pullback.Royal Gold posted Q3 EPS of $2.06 on record $252M revenues, driven by higher metal prices and output.RGLD's Sandstorm and Horizon Copper deals add 40 assets and are set to lift 2025 GEO output 26%.Shares of Royal Gold, Inc. (RGLD) scaled a new 52-week high of $224.77 on Friday before ending the session lower at $218.75. The increase was fueled by near-record gold prices.The company currently has a market ...

PresentationGood afternoon. Thank you all for your interest in joining us. We're so pleased to host Alistair Baker, the Senior Vice President, Investor Relations and Corporate Development of Royal Gold. Royal Gold is exciting, growing. There's not an asset that aren't even contributing revenue. And it looks like in the March quarter, they're going to have $3 million a day to invest to get back to shareholders. Such an exciting company, please, Alistair.Alistair BakerSenior Vice President of Investor Relatio ...

Royal Gold Conference Call Summary Company Overview - **Company**: Royal Gold (NasdaqGS:RGLD) - **Industry**: Precious Metals and Mining - **Date of Conference**: December 10, 2025 Key Points Company Growth and Financials - Royal Gold is experiencing significant growth with nine assets not yet contributing revenue, expected to generate $3 million per day for investment or shareholder returns in the March quarter [2][3][4] - The company operates a high-margin business model with consistent cash flows from precious metals, emphasizing its efficiency with a low employee count relative to revenue [4][6] - Royal Gold has a long history of over 40 years in the business and has been listed on Nasdaq for the same duration [5] Business Model and Strategy - The company focuses on royalties and streams, providing exposure to mining assets without operational and capital cost risks [5][6] - Royal Gold has a high percentage of gold revenue, the highest among large-cap peers, and has paid dividends for 25 consecutive years, increasing them annually [7][8][17] - The company prefers using cash and credit facilities for acquisitions, with equity offerings being a last resort [9] Recent Transactions - Royal Gold completed the acquisition of Sandstorm Gold Royalties on October 20, 2025, using shares to fund the transaction, which is unusual for the company [9][10] - The acquisition is expected to enhance cash flow and growth potential, combining cash flow from Royal Gold with growth assets from Sandstorm [24][25] Portfolio Diversification - The company has over 80 revenue-generating assets and more than 40 in development, with a total of over 200 assets at various stages [19][20] - Royal Gold's portfolio is highly diversified across operators, jurisdictions, and asset types, which helps mitigate risks and stabilize cash flow [21][22] - The Sandstorm acquisition reduced asset concentration, improving resilience against issues at major assets like Mount Milligan [22] Asset Highlights - **Back River Project**: Expected to contribute 9,000-10,000 gold equivalent ounces annually once at full production [28] - **Platreef**: Anticipated to produce 15,000-20,000 gold equivalent ounces per year, transitioning to production in early 2026 [31] - **Robertson**: Expected to produce around 6,000 gold equivalent ounces, with production anticipated in 2027 [33] - **Hod Maden**: A high-quality development asset in Turkey, expected to produce 30,000-40,000 ounces annually, with ongoing efforts to restructure ownership [34][36] - **Mara Project**: A brownfield project expected to start production in 2031, with a potential contribution of 22,000 ounces per year [42][43] - **Cactus**: A copper royalty project with a 22-year mine life, expected to contribute around 5,000 gold equivalent ounces annually [44][45] Market Position and Valuation - Royal Gold's share price has historically outperformed gold prices and major indices, with EBITDA margins around 80% [15][16] - The company is focused on improving market understanding of its valuation, especially post-Sandstorm acquisition, and aims to enhance trading multiples through debt reduction and increased dividends [57][58] Future Outlook - The company plans to provide a more detailed asset profile during an investor day in the first quarter of 2026 [24] - Royal Gold is cautious about capital allocation in the current gold price environment, prioritizing debt repayment while seeking growth opportunities [61][64] Additional Insights - The company emphasizes disciplined capital allocation and shareholder returns, with a focus on long-term growth rather than immediate high dividends [62][65] - Royal Gold's unique position as the only U.S.-domiciled company in its sector provides it with a distinct shareholder base and investment appeal [7] This summary encapsulates the key insights and strategic directions discussed during the Royal Gold conference call, highlighting the company's growth potential, diversified portfolio, and commitment to shareholder value.

The prospects for the Zacks Mining - Gold industry look bright, backed by the unprecedented 60% growth seen in gold prices so far this year. The bullion is expected to trend higher, supported by ongoing geopolitical uncertainty and central bank buying.With gold prices expected to increase further due to demand-supply imbalance, companies like Newmont Mining (NEM) , Agnico Eagle Mines Limited (AEM) , Kinross Gold Corp.(KGC) , Royal Gold (RGLD) and Centerra Gold (CGAU) are well-positioned to capitalize on thi ...

Core Viewpoint - Investors are evaluating Newmont Corporation (NEM) and Royal Gold (RGLD) for potential undervalued stock opportunities, with a focus on valuation metrics and earnings outlooks [1]. Group 1: Company Overview - Both Newmont Corporation and Royal Gold currently hold a Zacks Rank of 1 (Strong Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3]. - The Zacks Rank strategy targets companies with favorable earnings trends, which is a key consideration for investors [2]. Group 2: Valuation Metrics - NEM has a forward P/E ratio of 14.69, while RGLD has a higher forward P/E of 24.90, suggesting NEM may be more attractively priced [5]. - NEM's PEG ratio is 0.62, compared to RGLD's PEG ratio of 0.76, indicating NEM's expected earnings growth is more favorable relative to its price [5]. - NEM's P/B ratio stands at 2.91, while RGLD's P/B ratio is significantly higher at 4.9, further supporting NEM as the more undervalued option [6]. - Based on these valuation metrics, NEM is assigned a Value grade of B, whereas RGLD receives a Value grade of D, highlighting NEM as the superior value option at this time [6].

Royal Gold (RGLD) closed the last trading session at $198.33, gaining 7.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $249.89 indicates a 26% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $21.29. While the lowest estimate of $205.00 indicates a 3.4% increase from the current price level, the most optimistic analyst expe ...

PresentationNoella Alexander-Young Hello, and good afternoon, everyone. Welcome to today's Virtual Non-Deal Roadshow. My name is Noella Alexander-Young virtual event moderator here at Renmark Financial Communications. On behalf of our team, we'd like to thank everyone in Atlanta and surrounding areas for joining us today for the presentation of Royal Gold, trading on the NASDAQ under the ticker symbol RGLD. Presenting today is Alistair Baker, Senior Vice President of Investor Relations and Business Develop ...

Royal Gold (NasdaqGS:RGLD) Conference December 04, 2025 12:00 PM ET Company ParticipantsAlistair Baker - SVP of Investor Relations and Business DevelopmentOperatorHello and good afternoon, everyone. Welcome to today's virtual Non-Deal Roadshow. My name is Noella Alexander-Young, Virtual Event Moderator here at Renmark Financial Communications. On behalf of our team, we'd like to thank everyone in Atlanta and surrounding areas for joining us today for the presentation of Royal Gold trading on the NASDAQ unde ...

Group 1 - Royal Gold will participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on December 16, 2025 [1]

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