Royal Gold: Fiscal 1Q Earnings Snapshot
DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal first-quarter profit of $70.5 million.
On a per-share basis, the Denver-based company said it had profit of $1.07. Earnings, adjusted for pretax gains, came to 60 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The manager of precious metal royalties posted revenue of $118.8 million in the period.
Royal Gold shares have climbed 28% since the beginning of the year. The stock has increased 47% in the last 12 months.