RGLD Earnings Prediction
The chart below shows how RGLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RGLD sees a +2.18% change in stock price 10 days leading up to the earnings, and a +0.87% change 10 days following the report. On the earnings day itself, the stock moves by -0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
RGLD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
193.84M
39.84%
11.34%
Gross Margin
66.52%
22.14%
2.86%
Operating Margin
61.31%
29.62%
4.55%
Net Margin
49.70%
39.18%
6.40%
EPS
1.46
94.67%
18.70%
No Data Available
RGLD Earnings Analysis
Royal Gold Inc Corporation (RGLD.O) Earnings Conference Call
Positive
Record Revenue Growth: 1. Record Revenue: Royal Gold achieved record revenue of $194 million in Q3 2024, marking a 40% increase compared to the same period last year.
Earnings Surge: 2. Significant Earnings Growth: The company reported earnings of $96 million or $1.46 per share, a remarkable 95% increase year-over-year, with adjusted earnings reaching $97 million or $1.47 per share.
Operating Cash Flow Increase: 3. Strong Operating Cash Flow: Operating cash flow for the quarter was $137 million, up 39% from the previous year, driven by higher stream and royalty cash receipts.
Debt-Free Achievement: 4. Debt-Free Status: Royal Gold is now debt-free after repaying the final $50 million on its revolving credit facility, and it has over $1.1 billion in available liquidity.
Royalty Revenue Surge: 5. Increased Royalty Revenue: The royalty segment contributed $61 million, a 53% increase from the prior year, bolstered by first revenues from new producing assets.
Negative
Regulatory Disclosure Amendments: 1. Regulatory Disclosure Issues: Royal Gold will amend its 2023 Form 10-K due to SEC's SK 1300 standard, which restricts the inclusion of certain reserves and resources, potentially impacting investor perception.
Silver Sales Outlook: 2. Lower Silver Sales Guidance: The company expects silver sales to come in modestly below the low end of the guidance range, primarily due to low sales at Pueblo Viejo and ongoing recovery issues.
Q4 Delivery Challenges: 3. Potential for Softer Q4 Deliveries: There is an anticipated softer Q4 due to timing issues with metal deliveries, particularly from Mount Milligan and Andacollo, which could affect overall revenue.
Tax Expense Increase: 4. Increased Tax Expense: The tax expense for the quarter was $22 million, up from $11 million in the prior year, reflecting a higher effective tax rate of 18.3% compared to 17.8% previously, driven by increased pretax income.
Production Guidance Uncertainty: 5. Production Guidance Risks: The company acknowledged that production guidance for 2025 may carry higher risks than 2024, citing unexpected changes in operator production forecasts as a potential concern.
RGLD FAQs
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RGLD Earning Call Sentiment
Royal Gold, Inc. (RGLD) Q3 2024 Earnings Call Transcript
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RGLD.O
1.6%Positive
The earnings report shows strong financial performance with a 40% revenue increase and a 95% rise in net income. The company has repaid debt, maintaining over $1.1 billion in liquidity. Although guidance for gold is below expectations, copper and other metals are expected to exceed targets. The Q&A revealed management's cautious optimism, with no immediate risks affecting future guidance. The positive financial metrics and liquidity position outweigh the regulatory and supply chain concerns, suggesting a positive stock price movement.
