Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Royal Gold Inc. (NASDAQ:RGLD) stock has reached an unprecedented peak, touching an all-time high of $191.27. According to InvestingPro data, the stock is trading near its 52-week high with an impressive YTD return of 41.09%, though technical indicators suggest it may be in overbought territory. This milestone underscores a period of remarkable growth for the company, which has seen its stock value surge by 59.19% over the past year. Investors have shown increasing confidence in Royal Gold’s performance and prospects, propelling the stock to new heights and outpacing many of its peers in the precious metals sector. The company’s strategic initiatives and robust financial health, evidenced by its exceptional 86.32% gross profit margin and 26-year track record of consistent dividend payments, are likely contributing factors to the stock’s impressive ascent. InvestingPro analysis reveals 14 additional key insights about RGLD’s investment potential, available in the comprehensive Pro Research Report.
In other recent news, Royal Gold Inc. has released its 2025 guidance for total stream and royalty sales volume, projecting gold sales between 210,000 to 230,000 ounces, silver sales from 2.7 to 3.3 million ounces, and copper sales reaching 13.5 to 16.0 million pounds. The company anticipates its depletion, depreciation, and amortization expense to range from $126 to $142 million, with an effective tax rate of 17 to 22 percent. In addition, Royal Gold has declared a second quarter dividend of $0.45 per share, payable on April 17, 2025, to shareholders recorded by April 4, 2025.
Furthermore, BMO Capital Markets has initiated coverage on Royal Gold with a Market Perform rating and a price target of $196, highlighting the company’s potential for robust free cash flow due to key asset developments. In terms of executive management, Royal Gold has updated employment agreements for its senior executives, including revised compensation and severance terms, with President and CEO William Heissenbuttel’s salary set at $918,000.
Additionally, the company has announced an amended employment contract for Senior Vice President of Corporate Development, Daniel Breeze, with a base salary of CHF 458,000 and enhanced severance terms. These developments reflect Royal Gold’s ongoing efforts to align executive compensation with market standards and corporate performance goals.
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