Royal Gold (RGLD) Earnings Beat Estimates in Q2, Rise Y/Y

Royal Gold, Inc. (RGLD) reported adjusted earnings per share (EPS) of $1.25 in second-quarter 2024, beating the Zacks Consensus Estimate of $1.17. The bottom line increased 42% year over year. Including one-time items, the company reported an EPS of $1.23 compared with the prior-year quarter's 97 cents. RGLD generated revenues of $174 million, up 20.8% year over year. The upside resulted primarily from higher metal prices and copper sales at Mount Milligan. Increased gold and silver production at Peñasquito ...