Royal Gold (RGLD) Earnings Miss Estimates in Q1, Dip Y/Y

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 ...