Royal Gold Inc

RGLD

Equity

ISIN US7802871084 / Valor 967596

NASDAQ (2024-12-26)

USD 134.64+0.99%

Royal Gold Inc
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About company

Royal Gold Inc is a leading precious metals streaming and royalty company with interests in some of the world's most attractive mines. Managed by a team with specialized skills and extensive experience in the mining industry, the company has established a reputation for quality, diligence, and professionalism. Originally starting as an oil and gas exploration and production company in 1981, Royal Gold shifted its focus to gold after oil prices collapsed in 1986. The company's goal evolved to become a minority owner of interests in significant gold properties operated by major mining firms. Royal Gold is known for being a preferred partner for mining operators and for its positive contributions to the environment and local communities.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Record Revenue

Royal Gold Inc. reported record revenue of $193.8 million for the third quarter of 2024, marking a 40% increase over the same period in the previous year. This significant growth in revenue was driven by strong portfolio performance and exposure to rising gold prices.

Net Income and Earnings

The company achieved a net income of $96.2 million, or $1.46 per share, for the third quarter of 2024. Adjusted net income was slightly higher at $96.6 million, or $1.47 per share, reflecting a 95% increase compared to the prior year period.

Operating Cash Flow

Royal Gold Inc. generated an operating cash flow of $136.7 million during the third quarter of 2024, representing a 39% increase from the previous year. This robust cash flow supports the company's financial stability and growth initiatives.

Debt and Liquidity

During the third quarter of 2024, Royal Gold Inc. repaid $50 million of debt, reducing its total debt to zero. The company's total available liquidity increased to approximately $1.1 billion, providing a strong financial position for future opportunities.

Dividend Increase

Royal Gold Inc. declared a quarterly dividend of $0.40 per share for the third quarter of 2024, which is a 7% increase over the prior year period. This reflects the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

9.15%1Y

29.9%3Y

10.8%5Y

Performance

26.7%1Y

29.6%3Y

35.5%5Y

Volatility