Royal Gold Initiated with Buy Rating and $325 Target by UBS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RGLD?
Source: seekingalpha
- Rating Upgrade: Royal Gold (RGLD) was initiated with a Buy rating and a $325 price target by UBS, which believes the shares offer a low-risk and more reliable leverage to gold price increases compared to many gold miners, with near-term volume growth not yet fully priced in.
- Growth Phase: After a three-to-four-year decline in GEO production, UBS analyst Daniel Major sees Royal Gold entering a growth phase, and with a favorable precious metals price backdrop, the company is well-positioned to deliver strong earnings growth and consistent cash generation.
- Acquisition Potential: The acquisition of Sandstorm/Horizon and Kansanshi in 2025 could drive over 30% growth in 2026, while Royal Gold targets approximately 20% organic growth from 2026 to 2030, indicating robust future growth potential.
- Diversification Strategy: Royal Gold's growth strategy is diversified, which limits execution risk, and the company plans to further diversify its portfolio, reducing dependence on its cornerstone Mt. Milligan asset, thereby lowering earnings volatility and closing the valuation gap with peers.
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Analyst Views on RGLD
Wall Street analysts forecast RGLD stock price to fall
9 Analyst Rating
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 268.120
Low
205.00
Averages
253.11
High
280.00
Current: 268.120
Low
205.00
Averages
253.11
High
280.00
About RGLD
Royal Gold, Inc. is a high-margin, large-capitalization company that generates cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. It owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties on properties located in gold regions and operated by companies in the mining industry. Its Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Its Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Royal Gold Initiated with Buy Rating and $325 Target by UBS
- Rating Upgrade: Royal Gold (RGLD) was initiated with a Buy rating and a $325 price target by UBS, which believes the shares offer a low-risk and more reliable leverage to gold price increases compared to many gold miners, with near-term volume growth not yet fully priced in.
- Growth Phase: After a three-to-four-year decline in GEO production, UBS analyst Daniel Major sees Royal Gold entering a growth phase, and with a favorable precious metals price backdrop, the company is well-positioned to deliver strong earnings growth and consistent cash generation.
- Acquisition Potential: The acquisition of Sandstorm/Horizon and Kansanshi in 2025 could drive over 30% growth in 2026, while Royal Gold targets approximately 20% organic growth from 2026 to 2030, indicating robust future growth potential.
- Diversification Strategy: Royal Gold's growth strategy is diversified, which limits execution risk, and the company plans to further diversify its portfolio, reducing dependence on its cornerstone Mt. Milligan asset, thereby lowering earnings volatility and closing the valuation gap with peers.
See More
Latest Rating Changes on Wall Street
- Apple's Positive Outlook: Wells Fargo reiterates Apple (AAPL) as overweight, anticipating better-than-expected iPhone demand and continued double-digit growth in services ahead of its earnings report, with a price target of $300.
- SolarEdge Downgraded: Goldman Sachs downgrades SolarEdge (SEDG) from neutral to sell, citing elevated expectations and challenging valuation as key factors behind the downgrade.
- Meta's Advertising Growth: Deutsche Bank maintains a buy rating on Meta (META), highlighting that its investments in AI are yielding increasing returns for advertisers, which supports accelerated advertising revenue growth.
- Autodesk Positioned Well: Jefferies initiates coverage on Autodesk (ADSK) with a buy rating, noting its strong positioning in agentic AI and solid fundamentals, presenting an attractive risk/reward profile at current levels.
See More
Royal Gold to Present at Mining Forum Europe 2026 in Zurich
- Presentation Schedule: Royal Gold will present a 20-minute talk at the Mining Forum Europe 2026 in Zurich on April 14, 2026, where Senior Vice President Dan Breeze will discuss the company's development strategy, likely drawing attention from investors and industry experts.
- Live Streaming and Replay: The presentation will be live-streamed on the company's website at www.royalgold.com, with a replay available on April 16, ensuring that investors who cannot attend live can access the content, thereby enhancing information transparency.
- Company Profile: Royal Gold is a high-margin, large-cap company with a diversified portfolio of precious metal streams and royalties located in mining-friendly jurisdictions, showcasing strong cash flows and growth potential, appealing to value and income investors.
- Investor Information Access: The company encourages investors to register on its website for updates on upcoming presentations and press releases, further enhancing interaction and communication with investors, thereby increasing market trust.
See More
Royal Gold to Present at Mining Forum Europe 2026
- Presentation Schedule: Royal Gold will present a 20-minute talk at the Mining Forum Europe 2026 in Zurich, Switzerland, on April 14, 2026, showcasing its strategies and developments in the precious metals sector, which is expected to attract attention from investors and industry experts.
- Executive Participation: Senior Vice President Dan Breeze will speak at 9:50 a.m. CEST (3:50 a.m. ET / 1:50 a.m. MT), emphasizing Royal Gold's portfolio in mining-friendly jurisdictions and its strong cash flows.
- Live Streaming and Replay: The presentation will be live-streamed on the company's website, with a replay available for viewing from April 16 at 6:00 a.m. CEST (12:00 a.m. ET / 10:00 p.m. MT), ensuring broad dissemination of information.
- Company Profile: Royal Gold is a high-margin, large-cap company focused on precious metal streams and royalties, providing investors with exposure to growth, value, and income opportunities in the metals and mining industry, further solidifying its market position.
See More
Royal Gold Issues Upbeat FY 2026 Sales Guidance
- Sales Volume Outlook: Royal Gold anticipates FY 2026 sales volumes of 290K-320K oz of gold, 3M-3.5M oz of silver, and 21M-25M lbs of copper, representing increases of 32%, 8%, and 40% respectively compared to FY 2025, indicating strong demand and growth potential in the precious metals market.
- Production and Royalty Rates: The company expects gold production of 38K-42K oz at Andacollo, with an average royalty rate of 3.5%-4% on gold production from the Cortez Complex, and gold sales of 26K-31K oz from the Kansanshi stream, showcasing stable revenue generation capabilities across its diversified asset portfolio.
- Five-Year Outlook: Royal Gold's five-year outlook projects total gold equivalent production of 430K-480K oz, reflecting expected production increases from expansions at Khoemacau and Platreef Phase 2, the extension of Bald Mountain Redbird, and new production from assets including Corani, Great Bear, and Robertson, further solidifying its long-term growth strategy.
- Debt Management Improvement: The company has repaid $125M on its revolving credit facility, reducing outstanding debt to $600M while increasing available credit to $800M, a move that enhances financial flexibility and supports future investment plans.
See More
Royal Gold Announces 2026 Sales Guidance
- 2026 Sales Expectations: Royal Gold anticipates 2026 gold sales volumes between 290,000 and 320,000 ounces, with silver and copper sales projected at 3.0 to 3.5 million ounces and 21.0 to 25.0 million pounds respectively, indicating a strong outlook for revenue driven primarily by gold and copper.
- Asset Handbook Publication: The company has published its 2025/2026 Asset Handbook, which provides a detailed update on all assets in its portfolio, aimed at enhancing transparency and attracting investor interest, thereby solidifying its position in the precious metals market.
- Debt Repayment Progress: On March 12, 2026, Royal Gold made a $125 million repayment on its revolving credit facility, reducing the outstanding amount to $600 million and increasing the available credit to $800 million, which enhances the company's financial flexibility.
- Five-Year Outlook Release: The company has issued its inaugural five-year outlook, estimating total gold equivalent sales volumes between 430,000 and 480,000 ounces, reflecting confidence in future production expansions, particularly from the Khoemacau and Platreef projects.
See More
Royal Gold Initiated with Buy Rating and $325 Target by UBS
- Rating Upgrade: Royal Gold (RGLD) was initiated with a Buy rating and a $325 price target by UBS, which believes the shares offer a low-risk and more reliable leverage to gold price increases compared to many gold miners, with near-term volume growth not yet fully priced in.
- Growth Phase: After a three-to-four-year decline in GEO production, UBS analyst Daniel Major sees Royal Gold entering a growth phase, and with a favorable precious metals price backdrop, the company is well-positioned to deliver strong earnings growth and consistent cash generation.
- Acquisition Potential: The acquisition of Sandstorm/Horizon and Kansanshi in 2025 could drive over 30% growth in 2026, while Royal Gold targets approximately 20% organic growth from 2026 to 2030, indicating robust future growth potential.
- Diversification Strategy: Royal Gold's growth strategy is diversified, which limits execution risk, and the company plans to further diversify its portfolio, reducing dependence on its cornerstone Mt. Milligan asset, thereby lowering earnings volatility and closing the valuation gap with peers.
See More
Latest Rating Changes on Wall Street
- Apple's Positive Outlook: Wells Fargo reiterates Apple (AAPL) as overweight, anticipating better-than-expected iPhone demand and continued double-digit growth in services ahead of its earnings report, with a price target of $300.
- SolarEdge Downgraded: Goldman Sachs downgrades SolarEdge (SEDG) from neutral to sell, citing elevated expectations and challenging valuation as key factors behind the downgrade.
- Meta's Advertising Growth: Deutsche Bank maintains a buy rating on Meta (META), highlighting that its investments in AI are yielding increasing returns for advertisers, which supports accelerated advertising revenue growth.
- Autodesk Positioned Well: Jefferies initiates coverage on Autodesk (ADSK) with a buy rating, noting its strong positioning in agentic AI and solid fundamentals, presenting an attractive risk/reward profile at current levels.
See More
Royal Gold to Present at Mining Forum Europe 2026 in Zurich
- Presentation Schedule: Royal Gold will present a 20-minute talk at the Mining Forum Europe 2026 in Zurich on April 14, 2026, where Senior Vice President Dan Breeze will discuss the company's development strategy, likely drawing attention from investors and industry experts.
- Live Streaming and Replay: The presentation will be live-streamed on the company's website at www.royalgold.com, with a replay available on April 16, ensuring that investors who cannot attend live can access the content, thereby enhancing information transparency.
- Company Profile: Royal Gold is a high-margin, large-cap company with a diversified portfolio of precious metal streams and royalties located in mining-friendly jurisdictions, showcasing strong cash flows and growth potential, appealing to value and income investors.
- Investor Information Access: The company encourages investors to register on its website for updates on upcoming presentations and press releases, further enhancing interaction and communication with investors, thereby increasing market trust.
See More
Royal Gold to Present at Mining Forum Europe 2026
- Presentation Schedule: Royal Gold will present a 20-minute talk at the Mining Forum Europe 2026 in Zurich, Switzerland, on April 14, 2026, showcasing its strategies and developments in the precious metals sector, which is expected to attract attention from investors and industry experts.
- Executive Participation: Senior Vice President Dan Breeze will speak at 9:50 a.m. CEST (3:50 a.m. ET / 1:50 a.m. MT), emphasizing Royal Gold's portfolio in mining-friendly jurisdictions and its strong cash flows.
- Live Streaming and Replay: The presentation will be live-streamed on the company's website, with a replay available for viewing from April 16 at 6:00 a.m. CEST (12:00 a.m. ET / 10:00 p.m. MT), ensuring broad dissemination of information.
- Company Profile: Royal Gold is a high-margin, large-cap company focused on precious metal streams and royalties, providing investors with exposure to growth, value, and income opportunities in the metals and mining industry, further solidifying its market position.
See More
Royal Gold Issues Upbeat FY 2026 Sales Guidance
- Sales Volume Outlook: Royal Gold anticipates FY 2026 sales volumes of 290K-320K oz of gold, 3M-3.5M oz of silver, and 21M-25M lbs of copper, representing increases of 32%, 8%, and 40% respectively compared to FY 2025, indicating strong demand and growth potential in the precious metals market.
- Production and Royalty Rates: The company expects gold production of 38K-42K oz at Andacollo, with an average royalty rate of 3.5%-4% on gold production from the Cortez Complex, and gold sales of 26K-31K oz from the Kansanshi stream, showcasing stable revenue generation capabilities across its diversified asset portfolio.
- Five-Year Outlook: Royal Gold's five-year outlook projects total gold equivalent production of 430K-480K oz, reflecting expected production increases from expansions at Khoemacau and Platreef Phase 2, the extension of Bald Mountain Redbird, and new production from assets including Corani, Great Bear, and Robertson, further solidifying its long-term growth strategy.
- Debt Management Improvement: The company has repaid $125M on its revolving credit facility, reducing outstanding debt to $600M while increasing available credit to $800M, a move that enhances financial flexibility and supports future investment plans.
See More
Royal Gold Announces 2026 Sales Guidance
- 2026 Sales Expectations: Royal Gold anticipates 2026 gold sales volumes between 290,000 and 320,000 ounces, with silver and copper sales projected at 3.0 to 3.5 million ounces and 21.0 to 25.0 million pounds respectively, indicating a strong outlook for revenue driven primarily by gold and copper.
- Asset Handbook Publication: The company has published its 2025/2026 Asset Handbook, which provides a detailed update on all assets in its portfolio, aimed at enhancing transparency and attracting investor interest, thereby solidifying its position in the precious metals market.
- Debt Repayment Progress: On March 12, 2026, Royal Gold made a $125 million repayment on its revolving credit facility, reducing the outstanding amount to $600 million and increasing the available credit to $800 million, which enhances the company's financial flexibility.
- Five-Year Outlook Release: The company has issued its inaugural five-year outlook, estimating total gold equivalent sales volumes between 430,000 and 480,000 ounces, reflecting confidence in future production expansions, particularly from the Khoemacau and Platreef projects.
See More
