Royal Gold

Royal Gold, Inc. is the leading precious metals royalty company. Royal Gold owns and manages royalties on principally precious metals mines — most of which contain gold and silver deposits. A royalty is simply a right to receive a percentage of production from a mine. The Company’s royalty portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the risks associated with mine operations such as capital costs, operating costs, and environmental liabilities. The distinction between a royalty company and a mining company is very important in the current market environment where the costs to build and operate mines are rising significantly. Royal Gold owns a large portfolio of active, developing and exploration style royalties located in some of the world’s most prolific gold regions. While the company does not have to contribute to exploration costs, exploration successes by the operators of the royalty properties benefit Royal Gold as well, when new reserves are produced. With a successful business model and business strategy that generates strong cash flow and high margins due to its low cost structure, Royal Gold provides shareholders with a premium precious metals investment in a lower risk vehicle. Royal Gold is headquartered in Denver, Colorado and traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.”
Company Growth (employees)
Type
Public
HQ
Denver, US
Size (employees)
21 (est)
Royal Gold is headquartered in Denver, US

Royal Gold Office Locations

Royal Gold has an office in Denver
Denver, US (HQ)
1000 1660 Wynkoop St

Royal Gold Data and Metrics

Royal Gold Financial Metrics

Royal Gold's revenue was reported to be $107 m in Q3, 2017
USD

Revenue (Q3, 2017)

107 m

Gross profit (Q3, 2017)

84.6 m

Gross profit margin (Q3, 2017), %

79%

Net income (Q3, 2017)

75.6 m

EBIT (Q3, 2017)

36 m

Market capitalization (15-Aug-2017)

5.6 b

Cash (31-Mar-2017)

88.1 m
Royal Gold's current market capitalization is $5.6 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

237.2 m244.6 m288.8 m

Revenue growth, %

3%18%

Cost of goods sold

9.2 m33.5 m71 m

Gross profit

228 m211.1 m217.8 m

Gross profit Margin, %

96%86%75%

General and administrative expense

31.7 m

Operating expense total

128.4 m190.8 m355 m

EBIT

108.7 m87.2 m4.8 m

EBIT margin, %

46%36%2%

Pre tax profit

82.9 m62.2 m(21.8 m)

Income tax expense

(19.5 m)(9.6 m)(60.7 m)

Net Income

63.5 m52.7 m(82.4 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

69 m61.3 m74.1 m74.1 m98.1 m93.5 m117.9 m107 m107 m

Cost of goods sold

6.7 m6.2 m10.5 m11.5 m22.6 m17.9 m22.7 m22.5 m22.4 m

Gross profit

62.4 m55.1 m63.6 m62.6 m75.5 m75.6 m95.3 m84.5 m84.6 m

Gross profit Margin, %

90%90%86%85%77%81%81%79%79%

General and administrative expense

7.1 m8.5 m5.5 m9.5 m5.8 m7.7 m10.5 m7.5 m5.4 m

Operating expense total

7.1 m8.5 m5.5 m9.5 m5.8 m7.7 m10.5 m7.5 m5.4 m

EBIT

29.5 m(2 m)32.2 m21.2 m27.2 m(72.1 m)40.9 m34.5 m36 m

EBIT margin, %

43%(3%)43%29%28%(77%)35%32%34%

Pre tax profit

22.9 m(8.2 m)26.2 m14.2 m18.7 m(77.8 m)34.1 m32.1 m28 m

Income tax expense

(4 m)1.8 m(1 m)(59.2 m)(4.7 m)8.3 m(7.2 m)(5 m)(6.5 m)

Net Income

18.9 m12.6 m37.7 m(44.9 m)(31 m)(100.5 m)27 m54.1 m75.6 m
USDFY, 2014FY, 2015FY, 2016

Cash

659.5 m742.8 m116.6 m

Current Assets

736 m790.8 m164.8 m

Total Assets

2.9 b2.9 b3.1 b

Accounts Payable

3.9 m4.9 m4.1 m

Dividends Payable

13.7 m14.3 m15 m

Current Liabilities

22.5 m25 m22.7 m

Total Liabilities

780.7 m

Additional Paid-in Capital

2.1 b2.2 b2.2 b

Total Equity

2.4 b2.4 b2.3 b

Financial Leverage

1.2 x1.2 x1.3 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

691.4 m675.1 m715.2 m104.3 m117.6 m122.9 m133 m84 m88.1 m

Current Assets

757.4 m751.9 m759.6 m152.3 m162.9 m175.2 m192 m136.2 m134.2 m

Total Assets

2.9 b2.9 b2.9 b3.2 b3.2 b3.1 b3.1 b3.2 b3.1 b

Accounts Payable

2.3 m2.7 m2.2 m8.4 m2.8 m3.4 m6.1 m2.3 m2.5 m

Dividends Payable

13.7 m14.3 m14.3 m14.4 m15 m15 m15 m15.7 m15.7 m

Current Liabilities

20.8 m19.5 m25.7 m27.1 m20.5 m24.2 m25.6 m22.3 m24.8 m

Additional Paid-in Capital

2.1 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b

Total Equity

2.4 b2.4 b2.4 b2.4 b2.4 b2.3 b2.3 b2.3 b2.3 b

Financial Leverage

1.2 x1.2 x1.2 x1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

63.5 m52.7 m(82.4 m)

Depreciation and Amortization

91.3 m93.5 m141.1 m

Accounts Payable

1.1 m150 k(849 k)

Cash From Operating Activities

147.2 m192.1 m169.9 m

Cash From Investing Activities

(84.8 m)(51.2 m)(1 b)

Cash From Financing Activities

(66.9 m)(57.6 m)213.4 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

18.9 m12.6 m37.7 m(44.9 m)(31 m)(100.5 m)27 m54.1 m75.6 m

Depreciation and Amortization

22.2 m42.5 m67.3 m27.1 m67.6 m105.7 m40.1 m79.6 m119.8 m

Accounts Payable

(1.6 m)(1.2 m)(1.7 m)3.3 m(2.1 m)(1.5 m)1.8 m(1.8 m)(1.6 m)

Cash From Operating Activities

52.5 m82.3 m148.2 m2.5 m54.6 m120.6 m55.1 m124.8 m200.9 m

Cash From Investing Activities

(6.3 m)(39.3 m)(50.4 m)(976.1 m)(1 b)(994.6 m)(90.3 m)(191 m)(202.2 m)

Cash From Financing Activities

(14.2 m)(27.4 m)(42.1 m)335.1 m320.4 m254 m51.6 m33.6 m(27.2 m)
USDY, 2017

Revenue/Employee

5.1 m

Financial Leverage

1.4 x

Royal Gold Market Value History

Traffic Overview of Royal Gold

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