Royal Gold (RGLD) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.56
- Estimate
- $2.54
- Surprise
- +0.8%
- Revenue (period 2026-06-30)
- $450.5M
- Score at report (before → after)
- 6.9 → 6.8/10
Revenue source: xbrl.
How the report landed
Royal Gold (RGLD) beat the $2.54 estimate with adjusted EPS of $2.56 — a modest 0.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.9/10) to Sell at 6.8/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates RGLD Hold at 6.5/10.
1 of the last 4 quarters beat the estimate; this quarter's +0.8% surprise compares with a -8.4% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.8 in RISK_OFF)
- High-quality business
What argues against it
- Concentration risk — Commodity: gold (78.0%)
- Concentration risk — Geographic: outside United States (85.0%)
- Sector modifier (Basic Materials): -0.1
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $238.21
- Price target
- $269.77
- Stop
- $223.27
- Upside to target
- +13.2%
- Reward-to-risk
- 2.1:1
The stock trades at 26.8× trailing but 18.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
RGLD at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Gold
- Market cap
- $20.50B
- P/E (fwd)
- 18.7
- P/E (ttm)
- 26.8
- 52-week range
- $168.88–$306.25
- Off 52-week high
- 22.2%
- RSI (14)
- 51
- Volume vs avg
- 0.02×
- Score today
- 6.5/10