With a yield of 1.11%, Royal Gold (SYM: RGLD) is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2024, the Company owned interests on 175 properties on five continents, including interests on 42 producing mines and 18 development stage projects, as noted by the company.
Fueling upside, gold prices are now at all-time record highs above $3,000.
From its current price of $3,085.57, we believe it could rally to $3,500, even $4,000 this year.
Helping, analysts at UBS just raised its gold price forecast to $3,200, citing a potential prolonged global trade conflict as a key catalyst. Analysts at Macquarie say gold could rally to $3,500 thanks to its safe-haven status and concerns about the U.S. budget deficit.
Making RGLD even more attractive, it just declared a quarterly dividend of 45 cents per share. It’s payable on April 17 to shareholders of record as of April 4. That dividend has now been increased for the 24th consecutive year.
Earnings have also been solid.
In its most recent quarter, Royal Gold’s EPS of $1.63 beat estimates by 15 cents. Revenue of $202.6 million, up 32.7% year over year, beat by $16.42 million. Its operating cash flow for the quarter was $141.1 million.
For the full year, Royal Gold posted net income of $332 million, or $5.04 per share on revenue of $719.4 million. Operating cash flow came in at $529.5 million. Adjusted net income was $346.4 million, or $5.26 per share.
“Our business is designed to deliver leverage to gold, and our 2024 results demonstrate the direct relationship between a strong and rising gold price and Royal Gold’s financial performance,” commented Bill Heissenbuttel, President and CEO of Royal Gold.
“The strong financial performance allowed us to repay $250 million of debt during the year, pay out $105 million of dividends, and reinvest in our business with the acquisition of royalty interests on the Back River Gold District and Cactus Project.”
Continue Reading: How a $200,000 Mistake Unlocked a $118 Billion Gold Treasure
Imagine this…
You’re an art expert, and a wealthy acquaintance offers to sell you his grandfather’s entire collection for $200,000.
You take a look… and discover it’s filled with priceless Picassos, Dalis, and Pollocks.
Just one painting alone is worth $1.2 million.
Would you buy the collection? Of course you would!
Well, an almost identical situation just happened in the gold mining world.
A major mining company sold off an “unproven” piece of land in remote British Columbia for a mere $200,000.
The buyer? A little-known gold company that saw potential where others didn’t.
But even they couldn’t have imagined what they’d actually discovered:
The single largest undeveloped gold deposit in the world.
47.3 million ounces of gold, to be exact.
At today’s prices? That’s $118 BILLION worth of gold.
All for an initial investment of just $200,000.
But here’s where it gets even more interesting for investors like you and me:
This company’s stock is severely undervalued.
As I write this, you can buy shares for a fraction of what an ounce of gold costs.
It’s like buying gold at an unbelievable discount.
My friend and gold expert Karim Rahemtulla is breaking down this opportunity in full today…
Click here now to get all the details before this story goes mainstream.
This could be a once-in-a-lifetime opportunity in the gold market.
