Seeking Alpha
Profile| Send Message| ()  

Royal Gold, Inc. (RGLD) is scheduled to report its Q4 2012 results on August 9, 2012, before market opens. The street expects EPS and revenue of $0.44 and $69.26M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from RGLD and the news from its closest competitors.

Royal Gold, Inc. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

The company has failed to meet analysts' estimates in the last two quarters. In the last quarter it reported $0.44 EPS, just below analyst estimates of $0.45.

Royal Gold, Inc. EPS Historical Results vs Estimates

The consensus EPS estimate is $0.44 based on 7 analysts' estimates, up from $0.39 a year ago. Revenue estimates are $69.26M, up from $59.30M a year ago. The median target price by analysts for the stock is $83.75.

Average recommendation: Overweight

Source: Marketwatch

Latest News

  • On June 20, 2012, Royal Gold, Inc. announced the closing of its offering of $370 million aggregate principal amount of 2.875% convertible senior notes due 2019 (the Notes), which amount includes the full exercise by the underwriters of an over-allotment option to purchase $45 million aggregate principal amount of the Notes.
  • On June 15, 2012, Royal Gold, Inc. announced that it has priced an underwritten public offering of $325 million aggregate principal amount of convertible senior notes due 2019.
  • On June 14, 2012, Royal Gold, Inc. announced its intention to offer, subject to market and other conditions, $325 million aggregate principal amount of convertible senior notes due 2019.
  • On May 30, 2012, Royal Gold, Inc. announced that it has amended and restated its revolving credit facility to provide maximum availability of $350 million, and to extend the maturity date to May 30, 2017.
  • On March 14, 2012, Royal Gold, Inc. announced that its Board of Directors has declared its second quarter dividend of USD0.15 per share of common stock. The dividend is payable on April 20, 2012 to shareholders of record at the close of business on April 5, 2012.

Competitors

Agnico-Eagle Mines (AEM), Yamana Gold (AUY), Goldcorp (GG), NovaGold Resources (NG), and Silvercorp Metals (SVM) are considered major competitors for Royal Gold and the table below provides the key metrics for these companies and the industry.

Royal Gold, Inc. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies for the last one year period.

RGLD Chart

RGLD data by YCharts

Competitors' Latest Development

  • On August 3, 2012, Silvercorp Metals Inc. announced that its Board of Directors has declared its first quarter fiscal 2013 dividend of CAD0.025 per share to be paid on or before October 21, 2012 to shareholders of record at the close of business on September 28, 2012.
  • On July 27, 2012, Agnico-Eagle Mines Ltd. announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.20 per common share. The next of these dividends will be paid on September 17, 2012 to shareholders of record as of September 4, 2012.
  • On July 26, 2012, Agnico-Eagle Mines Ltd. announced that it is increasing its production guidance for fiscal 2012, which was expected to be between 875,000 to 950,000 ounces of gold, to approximately 975,000 ounces of gold.
  • On July 26, 2012, Goldcorp Inc announced that for fiscal 2012, it revises gold production guidance to be between 2.35 and 2.45 million ounces compared to previous guidance of 2.6 million ounces.
  • On July 25, 2012, Miranda Gold Corp announced that Miranda and its wholly owned Colombian subsidiary have signed a non-binding Letter of Intent to form a strategic alliance with Agnico-Eagle Mines Limited for precious metal exploration in central Colombia.
  • On July 11, 2012, Goldcorp Inc announced that for fiscal 2012, it revises gold production guidance to be between 2.35 and 2.45 million ounces compared to previous guidance of 2.6 million ounces.
  • On July 9, 2012, Canada Stockwatch News reported that Goldcorp Inc. has declared its seventh monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on July 19, 2012, will be entitled to receive payment of this dividend on July 27, 2012.
  • On June 26, 2012, Agnico-Eagle Mines Ltd. announced that Ammar Al-Joundi, Senior Vice-President, Finance and Chief Financial Officer, is leaving the Company, effective July 9, 2012, to assume a similar position with another resource company.
  • On June 20, 2012, Candente Gold Corp announced that the Company has fulfilled all requirements necessary to complete the exercise of its second option to earn an undivided 70% interest in the El Oro Gold Project located in Mexico and Michoacan States of Mexico, from Goldcorp S.A. de C.V. a subsidiary of Goldcorp Inc. Candente Gold completed the first option and earned a 50% interest in the property on February 15 2011, by incurring $5 Million in exploration expenditures, and issuing 1,000,000 shares in the capital of the Company.
  • On June 18, 2012, Extorre Gold Mines Ltd announced that it has entered into a definitive agreement with Yamana Gold Inc pursuant to which Yamana will acquire all of the issued and outstanding common shares of Extorre by way of statutory plan of arrangement under Canada Business Corporations Act. Under the terms of Agreement, each Extorre shareholder will receive in exchange for each Extorre Share held, $3.50 in cash and 0.0467 of a common share of Yamana.
  • On June 18, 2012, Yamana Gold Inc. announced that the Board of Directors has approved a $0.04 increase in the Company's annual dividend to $0.26 per share beginning in the third quarter of 2012.
  • On June 4, 2012, Goldcorp Inc announced that it is to declare its sixth monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on June 14, 2012 will be entitled to receive payment of this dividend on June 22, 2012.
  • On February 23, 2012, Yamana Gold Inc. announced that for fiscal 2012, it expects production be in the range of 1.2 to 1.3 million gold equivalent ounces (GEO). For fiscal 2012, it expects to increase by 43% from 2011 levels, to a range of 1.5 to 1.7 million GEO. For fiscal 2014 it expects production to be at a sustainable level of approximately 1.75 million GEO.
  • On February 22, 2012, Yamana Gold Inc. announced that the Board of Directors approved a further 10% increase in the Company's annual dividend to $0.22 per share and declared the first quarter dividend of $0.055 per share.
  • On February 10, 2012, Silvercorp Metals Inc. announced that its Board of Directors has declared its third quarter fiscal 2012 dividend of CAD0.025 per share to be paid on or before April 21, 2012 to shareholders of record at the close of business on March 31, 2012.

Technical Overview


The stock has a market capitalization of $4.57B and is currently trading at $78.56 with a 52 week range of $57.00 - $83.87. The stock's year-to-date performance has been 15.80%. It is currently trading above 20, 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Royal Gold Earnings Preview