Royal Gold (RGLD)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from RGLD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Royal Gold's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $654M | $603M | $606M | $719M | $1.0B |
| Net income | $274M | $239M | $239M | $332M | $466M |
| Free cash flow | — | — | — | — | — |
| EPS (diluted) | $4.17 | $3.63 | $3.63 | $5.04 | $6.69 |
| Operating margin | 50.2% | 47.0% | 50.1% | 59.8% | 61.9% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own RGLD
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $208M | 0.07% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $172M | 0.29% | Q2 2026 |
| David Iben Kopernik Global Investors |
Added | $43M | 2.6% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $9M | 0.10% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $9M | 0.02% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Added | $5M | 0.04% | Q2 2026 |
Insider buying
Open-market purchases by Royal Gold's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Royal Gold insiders buying the stock?
No open-market insider purchases of RGLD in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Royal Gold?
6 of the superinvestors Investingly tracks hold RGLD in their latest 13F, including Cliff Asness, Jean-Marie Eveillard, David Iben.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.