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Why Royal Gold (RGLD) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-08-01 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...
Royal Gold (RGLD) Issues Stream Segment Sales Update for Q2
ZACKS· 2024-07-10 14:26
Royal Gold reported adjusted earnings per share (EPS) of 91 cents in first-quarter 2024, missing the Zacks Consensus Estimate of 95 cents. The bottom line declined 5% year over year. In the past year, RGLD shares have gained 13.8% compared with the industry's growth of 21.2%. The Zacks Consensus Estimate for ATI's 2024 earnings is pegged at $2.41 per share. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 3% north in the past 60 days. It has an average trailing four-quarter earn ...
Why Is Royal Gold (RGLD) Up 4.4% Since Last Earnings Report?
ZACKS· 2024-06-07 16:36
Earnings Performance - Royal Gold reported adjusted earnings per share (EPS) of 91 cents for Q1 2024, missing the Zacks Consensus Estimate of 95 cents, and reflecting a 5% decline year over year [2] - The company generated revenues of $149 million, which represents a year-over-year dip of 12.6%, primarily due to lower gold production and sales at various sites [3] - Stream revenues were $103 million, down 10.9% year over year, while royalty revenues decreased by 16.2% to $46 million [4] Cost and Expenses - The cost of sales for the first quarter was $22 million, a decrease from $25 million in the prior-year quarter [4] - General and administrative expenses rose to $11 million, reflecting a 3.6% increase year over year [5] - Adjusted EBITDA was reported at $117 million, down 13.2% year over year, with an adjusted EBITDA margin of 79%, remaining flat year over year [5] Financial Position - Net cash from operating activities was $138 million, compared to $109 million in the prior-year quarter, with cash and cash equivalents at approximately $138 million, up from $127 million a year ago [6] Market Outlook - Royal Gold has a Zacks Rank of 3 (Hold), indicating an expectation of an in-line return from the stock in the upcoming months [7] - The stock has an aggregate VGM Score of C, with a Growth Score of B, a Momentum Score of C, and a Value Score of D, placing it in the bottom 40% for the value investment strategy [6][7] Industry Comparison - Royal Gold belongs to the Zacks Mining - Gold industry, where Barrick Gold has shown a 1.7% gain over the past month, reporting revenues of $2.75 billion and an EPS of $0.19, which is a 3.9% year-over-year increase [7][8] - Barrick Gold has a Zacks Rank of 1 (Strong Buy) and a VGM Score of B, indicating a more favorable outlook compared to Royal Gold [9]
Royal Gold (RGLD) Upgraded to Buy: Here's What You Should Know
Zacks Investment Research· 2024-05-14 17:01
Royal Gold (RGLD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The change in a comp ...
Royal Gold (RGLD) Earnings Miss Estimates in Q1, Dip Y/Y
Zacks Investment Research· 2024-05-10 18:11
Royal Gold, Inc. (RGLD) reported adjusted earnings per share (EPS) of 91 cents in first-quarter 2024, missing the Zacks Consensus Estimate of 95 cents. The bottom line declined 5% year over year.Including one-time items, the company reported EPS of 72 cents compared with the prior-year quarter’s 97 cents.The company generated revenues of $149 million, reflecting year-over-year dip 12.6%. The downside was driven by lower gold production at the Cortez Legacy Zone, lower gold and copper sales at Mount Milligan ...
Royal Gold(RGLD) - 2024 Q1 - Earnings Call Transcript
2024-05-09 18:30
Royal Gold, Inc. (NASDAQ:RGLD) Q1 2024 Results Conference Call May 9, 2024 12:00 PM ET Company Participants Alistair Baker - Vice President, Investor Relations & Business Development Bill Heissenbuttel - President & Chief Executive Officer Martin Raffield - Senior Vice President of Operations Paul Libner - Chief Financial Officer & Treasurer Randy Shefman - Senior Vice President and General Counsel Dan Breeze - Senior Vice President, Corporate Development of RG AG Conference Call Participants Cosmos Chiu - ...
Royal Gold(RGLD) - 2024 Q1 - Quarterly Results
2024-05-09 11:50
Exhibit 99.1 "Our portfolio performed well during the first quarter and we started 2024 off on a positive note," commented Bill Heissenbuttel, President and CEO of Royal Gold. "Our low and stable cost structure meant that we were able to benefit from the record gold price and our underlying cash flow from operations was solid for the quarter. In addition, we received payments from Centerra and MMG during the quarter, which combined with our cash flow, allowed us to repay $175 million of debt already in 2024 ...
Royal Gold(RGLD) - 2024 Q1 - Quarterly Report
2024-05-08 22:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-1 ...
Royal Gold (RGLD)'s Technical Outlook is Bright After Key Golden Cross
Zacks Investment Research· 2024-04-23 14:56
After reaching an important support level, Royal Gold, Inc. (RGLD) could be a good stock pick from a technical perspective. RGLD recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving ...
Best Income Stocks to Buy for April 17th
Zacks Investment Research· 2024-04-17 12:11
Here is one stock with buy rank and strong income characteristics for investors to consider today, April 17:Royal Gold, Inc. (RGLD) : This precious metal streaming and royalty company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9% the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.3%, compared with the industry average of 0.0%.See the full list of top ranked stocks here. Find more top income stocks with some of our great premium screens. ...