NASDAQ$RGLD
Royal Gold Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Royal Gold delivered a solid quarter of operating and financial results, managing the business remotely amid COVID-19 challenges.
Royal Gold reported a net income of $38.6 million, or $0.59 per share, on revenue of $136.4 million for the fiscal third quarter ended March 31, 2020. Adjusted net income was $44.3 million, or $0.68 per share.
- Revenue of $136.4 million, an increase of 24.3%
- Operating cash flow of $99.7 million, an increase of 28.7%
- Volume of 86,200 GEOs, an increase of 2.4%
- Dividends paid of $18.4 million, an increase of 5.7%
Headline financials
Revenue & EPS history
Royal Gold · Revenue · Quarterly
$136M
Forward guidance
Royal Gold is closely monitoring the potential impacts of COVID-19 on its producing properties and will manage its credit facility balance accordingly as the environment evolves. The uncertain economic outlook may present new business development opportunities, and Royal Gold is well-positioned to take advantage of them.
Tailwinds
- Strong balance sheet
- Continued access to liquidity
- Potential new business development opportunities
- High margin provided operating cash flow of approximately $100 million during the quarter
- Average price of $1,583 per gold ounce, an increase of 21.4%
Headwinds
- Drew $200 million on revolving credit facility as a precautionary liquidity measure
- Difficult to confirm the potential revenue impact of future or ongoing suspensions
- Operations at Peñasquito were placed on care and maintenance on April 12 due to a Mexican federal government decree
- Rainy River completed a voluntary two-week shutdown from March 20 to April 2, 2020
- New Gold has withdrawn its calendar 2020 guidance until the impact of COVID-19 is better understood
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.5%
Avg return
Earnings day
+0.8%
Avg return
5 days after
-0.6%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+23.1%
Q2 2016
Best reaction
-24.4%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | +3.5% | -13.0% | |
| Q4 2025 | -2.3% | +3.7% | -22.5% | |
| Q3 2025 | -2.2% | +8.1% | +16.4% | |
| Q1 2025 | -2.2% | -7.3% | -3.7% | |
| Q4 2024 | +4.3% | -2.8% | +0.5% | |
| Q3 2024 | -0.6% | -3.2% | -2.7% | |
| Q2 2024 | -1.0% | +3.3% | +3.8% | |
| Q1 2024 | +1.1% | +2.0% | -0.2% | |
| Q4 2023 | +2.7% | -0.3% | +3.7% | |
| Q3 2023 | +2.2% | +4.8% | +17.7% | |
| Q2 2023 | -2.7% | -2.1% | -3.7% | |
| Q1 2023 | +4.6% | +3.0% | -9.9% | |
| Q4 2022 | -2.5% | -3.2% | -0.4% | |
| Q3 2022 | -9.8% | -1.3% | +17.1% | |
| Q2 2022 | -1.6% | +0.4% | -13.3% | |
| Q1 2022 | +1.0% | -5.8% | -11.6% | |
| Q4 2021 | +9.0% | +7.4% | +24.2% | |
| Q3 2021 | +3.6% | +3.1% | +5.8% | |
| Q2 2021 | -1.5% | +3.4% | -0.9% | |
| Q1 2021 | +1.0% | -1.1% | -9.4% | |
| Q4 2020 | -0.5% | -10.4% | -10.2% | |
| Q3 2020 | +5.9% | +3.4% | -4.6% | |
| Q2 2020 | -2.1% | -3.9% | -5.8% | |
| Q1 2020 | +2.7% | +1.4% | +2.6% | |
| Q4 2019 | +5.9% | +7.1% | +8.7% | |
| Q3 2019 | -6.3% | -6.3% | +1.1% | |
| Q2 2019 | -3.0% | -1.7% | +1.5% | |
| Q1 2019 | -1.1% | -2.0% | -5.6% | |
| Q4 2018 | -0.4% | -1.2% | -11.0% | |
| Q3 2018 | +0.5% | +0.2% | +1.9% | |
| Q2 2018 | +0.2% | +1.6% | +0.0% | |
| Q1 2018 | +3.0% | +5.6% | -1.5% | |
| Q4 2017 | +2.6% | +2.2% | +9.8% | |
| Q3 2017 | +7.0% | +10.3% | +10.5% | |
| Q2 2017 | -1.9% | -0.8% | -9.3% | |
| Q1 2017 | +9.7% | +8.4% | +2.4% | |
| Q4 2016 | -0.5% | -1.8% | -10.5% | |
| Q3 2016 | +7.5% | — | — | |
| Q2 2016 | +23.1% | — | — | |
| Q1 2016 | -24.4% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -7.7% | — | — | |
| Q1 2015 | -9.3% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +0.6% | — | — | |
| Q1 2014 | -2.2% | — | — | |
| Q4 2013 | +12.5% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q4 2012 | -4.2% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -5.0% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q3 2010 | +3.7% | — | — | |
| Q3 2011 | +3.7% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q1 2011 | +3.7% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q1 2010 | +3.7% | — | — |
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