Overview

* Royal Gold ( RGLD ) Q2 revenue rises to $209.6 mln, missing analyst expectations, per LSEG data

* Adjusted net income for Q2 misses estimates, per LSEG data

* Co announced acquisitions of Sandstorm Gold and Horizon Copper for growth

Outlook

* Company forecasts 2025 metal sales within previously provided ranges

* Royal Gold ( RGLD ) expects DD&A and effective tax rate to remain as forecasted

* Both gold and copper production are expected to be weighted towards the second half of the year

* Royal Gold ( RGLD ) anticipates growth from recent acquisitions

Result Drivers

* PRECIOUS METAL PRICES - Record revenue driven by strong gold and silver prices, per CEO Bill Heissenbuttel

* PRODUCTION INCREASE - Higher gold production from Peñasquito and Manh Choh contributed to revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $209.60 $225.20

Revenue mln mln (2

Analysts

)

Q2 EPS $2.01

Q2 Miss $118.80 $119.80

Adjusted mln mln (1

Net Analyst)

Income

Q2 Net $132.30

Income mln

Q2 $152.80

Adjusted mln

Free

Cash

Flow

Q2 $0.45

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Royal Gold Inc ( RGLD ) is $215.00, about 25.5% above its August 5 closing price of $160.18

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)