Royal Gold Q4 Stream Segment's Sales Decrease 13% Sequentially

Core Viewpoint - Royal Gold, Inc. (RGLD) reported a decrease in gold equivalent ounces sold in the fourth quarter of 2024 compared to previous quarters, while average realized prices for gold, silver, and copper increased sequentially, indicating mixed performance in sales and pricing dynamics [1][2][5]. Sales Update - In the fourth quarter of 2024, Royal Gold sold 46,900 gold equivalent ounces (GEOs), which included 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tons of copper [1]. - This represents a decline from 53,800 GEOs sold in the third quarter of 2024 and 49,900 GEOs sold in the fourth quarter of 2023 [1]. Price Performance - The average realized price of gold increased to $2,662 per ounce in the fourth quarter from$2,459 per ounce in the third quarter of 2024 [2]. - The average realized price of silver rose to $31.65 per ounce, up from$29.10 in the previous quarter [2]. - Average realized copper prices were $9,313 per ton, reflecting a 1.9$521 per GEO, compared to $506 per GEO in the prior quarter [3]. - Royal Gold's revenues for the third quarter of 2024 reached a record$194 million, marking a 39.8% year-over-year increase, driven by higher average metal prices and sales from various mining operations [4]. Earnings Expectations - The Zacks Consensus Estimate for Royal Gold's fourth-quarter earnings is projected at $1.58, with the company having reported earnings of 95 cents in the third quarter of 2023 [5]. - The company has a four-quarter trailing earnings surprise of 9.8% on average [6]. Stock Performance - Over the past year, Royal Gold's shares have increased by 13.4%, while the industry has seen a growth of 25.6% [7]. Company Ranking - Royal Gold currently holds a Zacks Rank of 1 (Strong Buy) [9].