What is the 13F Pro Quality Score for RGLD?

13F Pro ranks ROYAL GOLD INC (RGLD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View RGLD's current score at https://13fpro.ai/company/RGLD (free sign-up required for the full ranking).

Where does 13F Pro source RGLD data?

All ROYAL GOLD INC fundamentals and ownership data come directly from SEC EDGAR. ROYAL GOLD INC files with the SEC under CIK 85535. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is RGLD in?

ROYAL GOLD INC (RGLD) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives RGLD's revenue?

Per ROYAL GOLD INC's latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Royalty interests ($295.9M, +101% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/RGLD.

What are RGLD's largest expenses?

ROYAL GOLD INC's latest 10-Q reports these as the largest expense items: Depreciation, depletion and amortization ($187.1M, +192% YoY); Cost of sales ($120.4M, +147% YoY); General and administrative ($31.0M, +45% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (six months ended June 30, 2026).

How often is RGLD research updated on 13F Pro?

RGLD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

ROYAL GOLD INC(RGLD)Stock Analysis

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13F Pro Quality Score

79.7/100

Rank #34 of 2,961 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

88.4/100

Profitability

98.5/100

Balance Sheet

88.9/100

Earnings Quality

72.0/100

Free Cash Flow

99.2/100

Institutional Flow

59.2/100

Revenue Scale

56.2/100

Dilution Risk

53.4/100

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Why RGLD Scores 80/100

exact factor attribution · 2026-09-11

RGLD's composite is driven by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+10.2 pts

88th pct

Profitability

+9.7 pts

99th pct

Free cash flow

+7.4 pts

99th pct

Capital efficiency

+5.2 pts

89th pct

Earnings growth

+2.5 pts

87th pct

Earnings quality

+2.2 pts

72th pct

Scale

+1.2 pts

56th pct

Institutional flow

+0.6 pts

59th pct

Shareholder dilution

+0.2 pts

53th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

RGLD Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for ROYAL GOLD INC (RGLD), a Financials sector company. 13F Pro's AI-powered ranking engine scores RGLD at 79.7/100 on a 32-signal composite quality model, placing it at rank #34 of 2,961 stocks — the top 5% of the AI-ranked universe. RGLD scores in the top quartile across free cash flow (99.2), profitability (98.5), balance sheet strength (88.9). Based on the latest XBRL financial filings (Q2 2026), ROYAL GOLD INC reports quarterly revenue of $450.5M, net income of $236.4M, an operating margin of 62.1%. Top institutional holders of RGLD by reported 13-F value include BlackRock, Capital World Investors, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. RGLD trades on the Nasdaq exchange and files with the SEC under CIK 85535. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RGLD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ROYAL GOLD INC directly from SEC EDGAR. ROYAL GOLD INC's 13F Pro composite quality score has ranged between 57 and 80 since 2021, currently 79.7 — an improving long-term trajectory across 13 quarterly and live scoring snapshots.

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Fun facts about ROYAL GOLD INC

Quirks, history, and lore behind RGLD — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financials company · mid-cap · listed on Nasdaq · headquartered in Colorado.
2
The Numbers
Annual revenue in the range of $200–300 million, yet it operates with some of the fattest profit margins in the entire natural-resources sector — overhead is almost comically low.
3
The History
Founded in the late 1980s, it pioneered a model where it finances mining companies in exchange for a perpetual slice of future production — no shovels required.
4
The Secret
It never digs, drills, or blasts anything — it is essentially a royalty and streaming company that profits whenever someone else pulls precious metals out of the ground.
5
The Lore
Its portfolio spans dozens of mines across multiple continents, meaning a single analyst team can track revenue that would require thousands of miners to actually produce.
6
The Giveaway
The name says it all: a crown-wearing word paired with the most coveted precious metal on earth — and its ticker is basically just that metal's abbreviation with an 'L' tacked on.

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What's Driving RGLD's Business? Latest 10-Q Breakdown

AI-extracted from ROYAL GOLD INC's 10-Q filed 2026-08-06 — Q2 FY2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Royal Gold revenue nearly doubled to $919.7M in H1 2026, driven by higher gold prices ($4,693/oz avg), new Kansanshi stream, and Sandstorm/Horizon acquisition assets.

Biggest Revenue Drivers

Royalty interests$295.9M+101% YoY

Higher gold and copper prices, increased Cortez Legacy Zone production, new Sandstorm/Horizon assets.

Biggest Revenue Drivers

Royalty interests$295.9M+101% YoY

Higher gold and copper prices, increased Cortez Legacy Zone production, new Sandstorm/Horizon assets.

Largest Expense Items

Depreciation, depletion and amortization$187.1M+192% YoY

Additional depletion from Kansanshi stream and Sandstorm/Horizon assets, Relief Canyon settlement expense.

Cost of sales$120.4M+147% YoY

Higher stream delivery payments due to elevated metal prices and new asset contributions.

General and administrative$31.0M+45% YoY

Higher employee and corporate costs from Sandstorm/Horizon acquisition, increased stock compensation.

Margins: Operating margin expanded significantly: operating income of $577.0M represents 63% of revenue vs. 66% prior year, with absolute dollar increase driven by metal price strength offsetting higher depletion from acquired portfolios. Gross segment profit margins benefited from elevated gold/silver/copper prices.

Watch Items from the Filing

Material debt paydown completed: $500M repaid in H1 2026, leaving $400M outstanding; revolving facility increased to $2.0B potential with accordion feature.
Gold price exposure dominance: 74% of revenue from gold; 10% price move = $72.9M revenue swing, creating high earnings volatility.
Hod Maden restructuring completed post-period (July 17, 2026): equity interest reduced from 30% to 15%, new 2.5% NSR royalty received; $70M equity funding advanced.
Mount Milligan stream decline: gold deliveries down 33% YTD (19k vs 28.4k oz), copper deliveries down 9% YTD (4.1M vs 4.5M lbs), partially offset by new Kansanshi contribution.
Effective tax rate 13.9% H1 2026 benefited from $33.7M discrete gain on foreign tax rate change; normalized rate trajectory unclear.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$450.5M

Net Income

Q2 2026

$236.4M

Operating Margin

Q2 2026

62.1%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Net Income

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Operating Income

—FY 2026

FY23 —FY24 —FY25 —FY26 —

EPS (Diluted)

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Total Assets

+164.5% YoY

$9.45BFY 2026

FY23 $3.44BFY24 $3.27BFY25 $3.57BFY26 $9.45B

Total Debt

$395.9MFY 2026

FY23 $395.5MFY24 $100.0MFY25 —FY26 $395.9M

Op. Cash Flow

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	—	—	—	—	—	$615.9M
Net Income	—	—	—	—	—	$302.5M
Operating Income	—	—	—	—	—	$337.6M
EPS (Diluted)	—	—	—	—	—	$4.60
Total Assets	$9.45B +164.5%	$3.57B +9.3%	$3.27B -5.0%	$3.44B +20.6%	$2.85B +7.6%	$2.65B
Total Debt	$395.9M	—	$100.0M -74.7%	$395.5M	—	—
Operating Cash Flow	—	—	—	—	—	$407.2M

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Available Research

13F Pro tracks comprehensive data for ROYAL GOLD INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of RGLD

BlackRock, Inc.
$2.2B10,910,603 sh
Capital World Investors
$1.9B9,322,778 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$823.5M4,125,608 sh
STATE STREET CORP
$779.3M3,904,305 sh
VANGUARD CAPITAL MANAGEMENT LLC
$758.0M3,797,392 sh
VAN ECK ASSOCIATES CORP
$584.8M2,929,665 sh
Invesco Ltd.
$413.2M2,069,954 sh
GEODE CAPITAL MANAGEMENT, LLC
$347.5M1,740,552 sh
Capital Research Global Investors
$289.9M1,452,223 sh
NORGES BANK
$281.4M1,409,598 sh

Fund	Value	Shares
BlackRock, Inc.	$2.2B	10,910,603
Capital World Investors	$1.9B	9,322,778
VANGUARD PORTFOLIO MANAGEMENT LLC	$823.5M	4,125,608
STATE STREET CORP	$779.3M	3,904,305
VANGUARD CAPITAL MANAGEMENT LLC	$758.0M	3,797,392
VAN ECK ASSOCIATES CORP	$584.8M	2,929,665
Invesco Ltd.	$413.2M	2,069,954
GEODE CAPITAL MANAGEMENT, LLC	$347.5M	1,740,552
Capital Research Global Investors	$289.9M	1,452,223
NORGES BANK	$281.4M	1,409,598

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Is RGLD a good stock to buy?

13F Pro's AI-powered analysis of ROYAL GOLD INC (RGLD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RGLD are available on the RGLD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. RGLD is classified as a large company.

Which hedge funds own RGLD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RGLD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ROYAL GOLD INC's investment landscape.