Royal Gold (RGLD) Stock Analysis

November 11, 2026

This is a peer-relative look at Royal Gold (RGLD): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Royal Gold (RGLD)
Profile Item	RGLD
Name	Royal Gold, Inc.
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Gold
Market Capitalization	22.47 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 9, 1981
Security Type	Common Stock

Price Performance

Cumulative Growth

RGLD

GSPC

Royal Gold (RGLD) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Royal Gold (RGLD) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Royal Gold (RGLD) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Total Return (1Y)	60.60%	19.59%
Total Return (3Y, Annualized)	39.65%	18.91%
Total Return (5Y, Annualized)	23.26%	5.70%

Risk Profile

Drawdown History

RGLD

GSPC

Royal Gold (RGLD) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Royal Gold (RGLD) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Volatility (1Y, Annualized)	41.91%	52.82%
Beta (5Y)	0.39	0.97
Max Drawdown (5Y)	-40.73%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. RGLD is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Sharpe Ratio (1Y)	1.34	0.32
Sortino Ratio (1Y)	2.00	0.47

Profitability

ROE (TTM)

Royal Gold (RGLD) posts ROE of 15.03%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

RGLD

Materials industry group

15.03%

Group distribution

Max: 52.88%
Q3: 19.49%
RGLD: 15.03%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
RGLD: 15.03%

Where Royal Gold (RGLD) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Royal Gold (RGLD) keeps 47.99% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

RGLD

Materials industry group

47.99%

Group distribution

RGLD: 47.99%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

RGLD: 47.99%
AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%

Where Royal Gold (RGLD) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Royal Gold (RGLD) turns 65.85% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

RGLD

Materials industry group

65.85%

Group distribution

Max: 66.70%
RGLD: 65.85%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

RGLD: 65.85%
SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%

Where Royal Gold (RGLD) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
ROE (TTM)	15.03%	8.76%
ROA (TTM)	9.97%	4.42%
Net Margin (TTM)	47.99%	5.28%
Operating Margin (TTM)	65.85%	12.56%
Gross Margin (TTM)	86.63%	27.57%

Growth

Revenue Growth

Royal Gold (RGLD) grew revenue 43.24%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Royal Gold (RGLD): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Royal Gold (RGLD) grew earnings per share 32.74%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Royal Gold (RGLD): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Revenue Growth (YoY)	43.24%	8.36%
Revenue Growth (3Y CAGR)	19.54%	0.59%
EPS Growth (YoY)	32.74%	-1.73%
EPS Growth (3Y CAGR)	22.60%	2.12%

Financial Strength

Current Ratio (MRQ)

Royal Gold (RGLD) has current ratio of 2.40, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

RGLD

Materials industry group

2.40

Group distribution

Max: 5.96
Q3: 3.30
RGLD: 2.40
Median: 2.24
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
RGLD: 2.40
BHP: 1.89
RIO: 1.42
LIN: 0.86

Where Royal Gold (RGLD) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Royal Gold (RGLD) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

RGLD

Materials industry group

0.02

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
RGLD: 0.02
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
RGLD: 0.02
AEM: 0.01

Where Royal Gold (RGLD) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Current Ratio (MRQ)	2.40	2.24
Debt / Equity (MRQ)	0.02	0.47
Net Debt / EBITDA	-0.03	1.37

Dividends

Dividend Yield (TTM)

Royal Gold (RGLD) has dividend yield of 0.74%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

RGLD

Materials industry group

0.74%

Group distribution

Max: 4.52%
Q3: 1.85%
RGLD: 0.74%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
RGLD: 0.74%

Where Royal Gold (RGLD) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Royal Gold (RGLD) has payout ratio of 19.41%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

RGLD

Materials industry group

19.41%

Group distribution

Max: 83.62%
Q3: 41.37%
RGLD: 19.41%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
RGLD: 19.41%
AEM: 14.26%
NEM: 11.95%

Where Royal Gold (RGLD) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
Dividend Yield (TTM)	0.74%	0.38%
Dividend Payout Ratio (TTM)	19.41%	9.54%

Valuation

P/E Ratio (TTM)

Royal Gold (RGLD) trades at P/E ratio of 27.15, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

RGLD

Materials industry group

27.15

Group distribution

Max: 59.00
Q3: 32.93
RGLD: 27.15
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

LIN: 34.21
RGLD: 27.15
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where Royal Gold (RGLD) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Royal Gold (RGLD) trades at 12.86 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

RGLD

Materials industry group

12.86

Group distribution

RGLD: 12.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

RGLD: 12.86
SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20

Where Royal Gold (RGLD) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Royal Gold (RGLD) trades at 2.91 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

RGLD

Materials industry group

2.91

Group distribution

Max: 6.59
Q3: 3.55
RGLD: 2.91
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
RGLD: 2.91
RIO: 2.08

Where Royal Gold (RGLD) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Royal Gold (RGLD) metric values compared with Materials industry-group medians
Metric	Current stock: RGLD	Industry group median
P/E Ratio (TTM)	27.15	18.82
P/S Ratio (TTM)	12.86	1.87
P/B Ratio (MRQ)	2.91	2.08
Free Cash Flow Yield (TTM)	4.24%	3.08%