Royal Gold Inc. Quarterly Earnings on the Horizon

Royal Gold, Inc. (NASDAQ:RGLD) will unveil its latest earnings on Thursday, November 3, 2011. Royal Gold, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties.

Royal Gold, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 44 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 47 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 46 cents during the last month. Analysts are projecting profit to rise by 65.1% versus last year to $2.13.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 39 cents per share against an estimate of profit of 40 cents per share. The quarter before that, it missed forecasts by 4 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 37% in revenue from the year-earlier quarter to $62.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Royal Gold with four of six analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $21.7 million (39 cents a share) from $10.5 million (23 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 45.7% to $59.3 million from $40.7 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 60%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 73.6% from the year earlier quarter.

Competitors to Watch: Newmont Mining Corporation (NYSE:NEM), U.S. Gold Corporation (NYSE:UXG), Allied Nevada Gold Corp. (AMEX:ANV), Barrick Gold Corp. (NYSE:ABX), Coeur d’Alene Mines Corp. (NYSE:CDE), Rio Tinto plc (NYSE:RIO), Vista Gold Corp. (AMEX:VGZ), and Paramount Gold and Silver Corp. (AMEX:PZG).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen $8.49 (13.3%) from $64.06 to $72.55. The stock price saw one of its best stretches over the last year between October 19, 2011 and October 28, 2011 when shares rose for eight-straight days, rising 15% (+$9.46) over that span. It saw one of its worst periods between September 20, 2011 and October 4, 2011 when shares fell for 11-straight days, falling 25.1% (-$20.49) over that span. Shares are up $18.34 (+33.8%) year to date.

(Source: Xignite Financials)

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