Royal Gold: Fiscal 4Q Earnings Snapshot
DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal fourth-quarter earnings of $26.7 million.
The Denver-based company said it had profit of 41 cents per share. Earnings, adjusted for non-recurring costs, came to 43 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.
The manager of precious metal royalties posted revenue of $116.2 million in the period.
For the year, the company reported a loss of $113.1 million, or $1.73 per share, swinging to a loss in the period. Revenue was reported as $459 million.
Royal Gold shares have risen 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $83.12, a decrease of nearly 2 percent in the last 12 months.