-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Our unchanged 12-month target price of $354 is 24.0x our 2027 EPS estimate, nearly in line with RGLD's two-year average forward P/E of 23.5x and also close to peers' average forward P/E of 25.0x. We trim our 2026 EPS estimate by $0.20 to $12.05 and keep 2027 at $14.75. RGLD's Q1 results demonstrated the benefits of its 2025 transformational acquisitions, with record revenue ($469M), operating cash flow ($294M), and adjusted EPS ($2.72). The company maintains an attractive 83% adjusted EBITDA margin and strong liquidity of ~$1.1B. Management expects to fully repay its $525M revolving credit facility by Q4 2026 from operating cash flow at current metal prices. The portfolio is well-diversified, with no single asset contributing more than 12.5% of revenue, and includes significant growth from Greenstone, Platreef (first revenue expected in Q2), and Warintza (targeting permits by year-end). RGLD added a $600M accordion facility to pursue larger transactions and authorized a $500M buyback program.