Royal Gold Q4 Earnings Top Estimates, Revenues Increase 33% Y/Y
Royal Gold, Inc. RGLD reported adjusted earnings per share (EPS) of $1.63 in the fourth quarter of 2024, beating the Zacks Consensus Estimate of $1.49. The bottom line increased 72% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Royal Gold’s Q4 Revenues Gain on Higher Prices & Sales VolumeRGLD generated revenues of $203 million, up 32.7% year over year. The upside was driven by higher average metal prices, increased gold sales from Rainy River and Wassa, and higher gold sales from the Peñasquito mine. However, the gains were partially offset by year-over-year lower gold production from Cortez.Stream revenues were $125 million in the December-end quarter, up year over year from $98 million. The royalty revenues were $78 million, up 43.3% year over year.Royal Gold, Inc. Price, Consensus and EPS Surprise Royal Gold, Inc. price-consensus-eps-surprise-chart | Royal Gold, Inc. QuoteRGLD Reports 84% EBITDA Margin in Q4The company’s cost of sales was $24.3 million in the fourth quarter, up 17.4% year over year. General and administrative expenses amounted to $8.9 million, down 8.5% year over year. The adjusted EBITDA was $169.6 million in the reported quarter, up 39.1% year over year. The adjusted EBITDA margin came in at 83.8% compared with the prior-year quarter’s 79.9%.Royal Gold’s Q4 Cash PositionNet cash from operating activities was $141 million in the fourth quarter, up from $101 million in the year-ago quarter. Royal Gold ended the quarter with cash and cash equivalents of $195.5 million compared with $104.2 million at the end of the fourth quarter of 2023.RGLD’s 2024 PerformanceThe company delivered adjusted earnings per share of $5.26 in 2024, beating the Zacks Consensus Estimate of $5.16. The bottom line increased 49% from 2023.RGLD generated record revenues of around $719 million, up 18.8% year over year. The top line missed the Zacks Consensus Estimate of $731.3 million.Stream revenues were $483 million in 2024, up 15.5% from 2023. Royalty revenues were $719 million in 2023, up from $606 million in 2023.Royal Gold Provides Q1 OutlookThe company projects stream segment sales of 40,000-45,000 GEOs for the March-end quarter of 2025.RGLD Stock’s Price PerformanceIn the past year, shares of Royal Gold have gained 38.6% compared with the industry’s growth of 60.6%. Image Source: Zacks Investment Research Royal Gold’s Zacks RankRGLD currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Mining - Gold Stocks Awaiting ResultsB2Gold Corp. BTG is set to release its fourth-quarter 2024 results on Feb. 19.The Zacks Consensus Estimate for BTG’s EPS is pegged at 7 cents for the fourth quarter, suggesting no change from the year-ago reported figure. BTG has a four-quarter average trailing surprise of negative 19.3%.Orla Mining Ltd. ORLA is set to release its fourth-quarter 2024 results soon.The Zacks Consensus Estimate for ORLA’s earnings per share is pegged at 8 cents for the fourth quarter. The company posted earnings of 5 cents in the year-ago quarter. ORLA has a four-quarter average trailing surprise of 92.9%.Sandstorm Gold Ltd. SAND is set to release its fourth-quarter 2024 results on Feb. 18.The Zacks Consensus Estimate for SAND’s EPS is pegged at 5 cents for the fourth quarter, suggesting a decline of 37.5% from the year-ago reported figure. SAND has a trailing four-quarter average surprise of 29.1%.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sandstorm Gold Ltd (SAND): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report B2Gold Corp (BTG): Free Stock Analysis Report Orla Mining Ltd. (ORLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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