Royal Gold

RGLD · NASDAQ

$238.78+$2.87 (+1.22%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $235.91

RGLD analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 16 analysts

Average $314.83 (+31.8% upside)

Low: $220.18
Now: $238.78
High: $367.50

Upgrades and downgrades

The latest rating actions, newest first

RGLD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Sep 16, 2026	Maintains	Outperform	$305.00 → $325.00	49%
UBS	Aug 7, 2026	Maintains	Buy	$280.00 → $285.00	78%
RBC Capital	Jul 9, 2026	Maintains	Outperform	$310.00 → $305.00	49%
Jefferies	Jul 6, 2026	Maintains	Buy	$318.00 → $311.00	52%
UBS	Jun 30, 2026	Maintains	Buy	$325.00 → $280.00	78%
UBS	Apr 15, 2026	Initiates	Buy	$325.00	78%
Scotiabank	Jan 26, 2026	Downgrade	Sector Outperform → Sector Perform	$335.00	69%
TD Cowen	Nov 18, 2025	Maintains	Buy	$261.00 → $263.00	50%
Scotiabank	Oct 23, 2025	Maintains	Sector Outperform	$194.00 → $246.00	69%

The case for and against

Updated Nov 7, 2025

Bull case

Royal Gold Inc. is focused on acquiring and managing precious metal royalties and streams, primarily in the gold sector, without assuming operational responsibilities on mining properties. The positive outlook for the company is supported by the ramping expansion at the Pueblo Viejo site and anticipated increases in silver recoveries in late 2025, which could enhance revenue generation. Additionally, the company benefits from a net smelter return (NSR) royalty structure that initiates at 0.3% and gradually increases, providing a stable revenue stream from its diverse portfolio across key mining regions, including Canada, Mexico, Chile, and the United States.

Bear case

Royal Gold Inc. faces significant challenges that contribute to a negative outlook, primarily due to adverse movements in Net Asset Value (NAV), potential negative revisions to future earnings, and erosion of multiples. Key risks include ongoing issues with silver recovery at its Pueblo Viejo project and disappointing pre-feasibility study (PFS) results from its Mt. project, which could hinder revenue generation. These factors collectively heighten the uncertainties surrounding Royal Gold's financial performance and stock stability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.