UBS Reiterates Buy Rating for Royal Gold, Inc. (RGLD)

UBS maintains its buy rating on Royal Gold, Inc. with a $280 price target, a 40.27% upside from the current price.

Key Points

  • UBS reiterated its buy rating on Royal Gold, Inc. (RGLD) with a price target of $280 on June 30, 2026.
  • UBS's $280 price target implies 40.27% upside from Royal Gold, Inc.'s ($RGLD) current $199.61 share price.
  • Shares of Royal Gold traded at $202.12 on Tuesday, with a market cap of about $17.65 billion and a P/E ratio of 25.1.
  • Institutional activity included BlackRock increasing its stake by 11.8% and Van Eck Associates reducing its holdings by 45.7%.

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On June 30, 2026, UBS reiterated its buy rating on Royal Gold, Inc. (NasdaqGS: RGLD), maintaining a price target of $280. Analyst Daniel Major from UBS continues to see upside in the gold-focused company.

Analyst rating track record

UBS vs. the S&P 500

YTD return +9.94% hypothetical
All-time return +26.37% S&P 500 +26.11%
vs. S&P 500 +0.26% ahead of the index

Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.

Other Institutional Activity in Royal Gold, Inc.

In recent institutional moves, BlackRock, Inc. increased its holdings in Royal Gold by 1,107,058 shares, ending with 10,472,658 shares valued at approximately $2.67 billion, representing an 11.8% increase. Meanwhile, Capital World Investors also boosted its stake by 782,380 shares, bringing its total to 10,516,187 shares worth about $2.68 billion, reflecting an 8.0% increase. State Street Corp decreased its position by 118,448 shares, now holding 3,600,198 shares valued at $916.2 million, a reduction of 3.2%. Van Eck Associates Corp significantly reduced its position by 2,696,566 shares, leaving it with 3,203,866 shares valued at $815.4 million, a 45.7% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated new positions, acquiring 4,110,289 and 3,763,318 shares, respectively.

Royal Gold, Inc. Stock Down 24.1%

Shares of Royal Gold, Inc. traded near $202.12 on Tuesday. The company has a market capitalization of approximately $17.65 billion and a P/E ratio of 25.1, with a forward P/E of 15.5. Its beta, a measure of volatility, stands at 0.425. The stock has seen a 52-week low of $150.75 and a high of $306.25. Royal Gold's 50-day moving average is $227.14, while its 200-day moving average is $228.91. The company maintains a strong current ratio of 3.52 and a quick ratio of 3.22, with a debt-to-equity ratio of 7.98.

12-month forecast

$RGLD price target

Past daily closes and this analyst's 12-month price target. Not investment advice.

Recent Earnings

Royal Gold reported revenue of approximately $1.30 billion, with a modest growth of 1.43%. The company's net margin is 48.9%, and it has a return on equity of 11.98%. Earnings per share stand at $8.28. The next earnings report is expected on August 5, 2026.

Dividend

Royal Gold offers an annual dividend rate of $1.90, yielding 0.91%. The dividend payout ratio is 22.37%.

Insider Buying and Selling at Royal Gold, Inc.

Recent insider activity includes several sales. Randy Shefman, SVP & General Counsel, sold 500 shares at an average price of $215.85 on June 16, 2026, and 1,000 shares at $243.74 on May 11, 2026. Mark Isto sold 2,000 shares at $274.83 on March 12, 2026. David Crandall, VP, Corporate Secretary & CCO, sold 150 shares on March 11, 2026. Paul Libner, SVP & CFO, sold 3,200 shares at $283.47 on March 4, 2026, as part of a planned transaction. Martin Raffield, SVP of Operations, sold 213 shares at $304.29 on March 2, 2026.

Analysts Set New Price Targets

UBS maintained its buy rating for Royal Gold with a $280 price target on June 30, 2026. Earlier, on April 15, 2026, UBS initiated coverage with a buy rating and a $325 target. Scotiabank downgraded the stock to hold with a $335 target on January 26, 2026. The consensus among 12 analysts is a buy, with a mean price target of $327.50.

About Royal Gold, Inc.

Royal Gold, Inc., based in Denver, Colorado, acquires and manages precious metal streams and royalties across the globe. The company operates through two segments: stream interests and royalty interests. It invests in projects at various stages, from exploration to production, in exchange for rights to a portion of the production. The company focuses on a wide array of metals, including gold, silver, and copper, among others. Led by CEO William H. Heissenbuttel, Royal Gold employs 39 people.

Bottom Line

UBS's reiteration of a buy rating on Royal Gold, Inc. with a $280 target reflects confidence in the company's prospects. Investors closely watch such analyst opinions, though it's important to remember that these ratings are part of a broader information set. Institutional activity and insider transactions also provide insights into the company's performance and market sentiment.

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