Royal Gold Reports Q2 Earnings for FY 2023
August 11, 2023
🌥️Earnings Overview
On August 3rd, 2023, ROYAL GOLD ($NASDAQ:RGLD) reported earnings results for the second quarter of Fiscal Year 2023, ending June 30, 2023. Total revenue was USD 144.0 million, indicating a 1.6% decline in comparison to the same period of last year. Net income for the quarter was USD 63.4 million, a 10.8% decrease from the same period in the previous year.
Market Price
On Thursday, ROYAL GOLD released their second-quarter earnings report for the fiscal year 2023. The news caused the stock to open at $115.2 and close at $112.6, a 0.5% decrease from the previous closing price of 113.2. Despite the release of encouraging financial figures, ROYAL GOLD’s stock performance reflected investor concern over the company’s future growth prospects and their capacity to remain profitable in the long-term. Management commented that they planned to continue investing in new projects in order to ensure long-term success.
However, given the uncertainties of the global economy, investors remain cautious about ROYAL GOLD’s outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Royal Gold. More…
| Total Revenues | Net Income | Net Margin |
| 608.84 | 229.49 | 38.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Royal Gold. More…
| Operations | Investing | Financing |
| 412.6 | -887.82 | 300.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Royal Gold. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.44k | 603.82 | 43.04 |
Key Ratios Snapshot
Some of the financial key ratios for Royal Gold are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 16.9% | 50.0% |
| FCF Margin | ROE | ROA |
| -77.9% | 6.8% | 5.5% |
Analysis
At GoodWhale, we conducted a comprehensive analysis of ROYAL GOLD‘s financials and used our Star Chart to evaluate the company’s performance. According to our analysis, ROYAL GOLD is strong in liquidity and medium in asset, dividend, growth, and profitability metrics. It has a high health score of 9/10, which means that it is capable to safely ride out any crisis without the risk of bankruptcy. We classified ROYAL GOLD as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this performance, we believe that ROYAL GOLD would appeal to investors who are looking for a solid company with reliable cash flows and who are not necessarily expecting a high growth rate. Additionally, ROYAL GOLD is a great option for investors seeking to diversify their portfolios with low-risk stocks. More…
Peers
The competition is fierce, but Royal Gold Inc. has managed to stay ahead of the pack thanks to its experienced team and cutting-edge technology.
– Rover Metals Corp ($TSXV:ROVR)
Rover Metals Corp is a Canadian company engaged in the exploration and development of mineral properties. The company has a market capitalization of $2.23 million and a return on equity of -21.65%. Rover Metals Corp is focused on the exploration and development of its mineral properties in Canada. The company’s primary asset is the Lac de Gras diamond property located in the Northwest Territories.
– Euro Ressources SA ($LTS:0JSG)
Euro Ressources S.A. is a France-based company engaged in the mining sector. The Company, through its subsidiaries, is engaged in the exploration and production of gold in Guyana and Suriname. The Company operates the Rosebel gold mine in Suriname. The Company also owns the Rouyn and Malartic properties located in Quebec, Canada.
– Alamos Gold Inc ($TSX:AGI)
Alamos Gold Inc is a gold mining company with operations in North America. The company has a market capitalization of $4.09 billion and a return on equity of 2.28%. Alamos Gold is engaged in the exploration, development, and production of gold. The company’s mines are located in Canada, Mexico, and Turkey. Alamos Gold also has a minority interest in a gold mine in Greece.
Summary
ROYAL GOLD‘s earnings for the second quarter of Fiscal Year 2023 were reported on August 3 2023, revealing a 1.6% decrease in total revenue to USD 144.0 million, and a 10.8% decrease in net income to USD 63.4 million compared to the same period in the previous year. Investors should take note of these results and review the performance of ROYAL GOLD to determine whether the company is still a good choice for them. Analyzing ROYAL GOLD’s financials and studying its business model can allow investors to make informed decisions regarding their investments in the company.
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