RGLD
Royal Gold, Inc. Materials - Gold Royalties & Streaming Investor Relations →
Royal Gold, Inc. (RGLD) closed at $215.21 as of 2026-03-20, trading 53.6% above its 200-week moving average of $140.09. The stock is currently moving closer to the line, down from 85.7% last week. The 14-week RSI sits at 49, indicating neutral momentum.
A big spike in selling this week — 3.2x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 2288 weeks of data, RGLD has crossed below its 200-week moving average 22 times. On average, these episodes lasted 34 weeks. Historically, investors who bought RGLD at the start of these episodes saw an average one-year return of +7.4%.
With a market cap of $18.3 billion, RGLD is a large-cap stock. Return on equity stands at 11.0%. The stock trades at 5.5x book value.
Share count has increased 28.8% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in RGLD would have grown to $8790, compared to $2683 for the S&P 500. That represents an annualized return of 14.4% vs 10.4% for the index — confirming RGLD as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: RGLD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After RGLD Crosses Below the Line?
Across 20 historical episodes, buying RGLD when it crossed below its 200-week moving average produced an average return of +8.2% after 12 months (median +20.0%), compared to +14.8% for the S&P 500 over the same periods. 65% of those episodes were profitable after one year. After 24 months, the average return was +36.5% vs +32.5% for the index.
Each line shows $100 invested at the moment RGLD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
RGLD has crossed below its 200-week MA 22 times with an average 1-year return of +7.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1984 | Mar 1987 | 117 | 79.3% | -65.6% | +3470.8% |
| Oct 1987 | Sep 1992 | 257 | 98.3% | -50.0% | +4294.9% |
| May 1997 | Jun 1997 | 5 | 6.7% | -25.8% | +3362.6% |
| Jun 1997 | Jul 2001 | 211 | 60.0% | -42.4% | +3362.6% |
| May 2004 | May 2004 | 1 | 2.9% | +69.3% | +2308.1% |
| Oct 2008 | Oct 2008 | 1 | 10.6% | +90.6% | +956.3% |
| Apr 2013 | Aug 2013 | 17 | 30.8% | +23.8% | +376.8% |
| Aug 2013 | Feb 2014 | 23 | 27.0% | +36.0% | +334.4% |
| Oct 2014 | Nov 2014 | 1 | 10.5% | -15.0% | +333.2% |
| Nov 2014 | Dec 2014 | 1 | 1.0% | -43.0% | +288.8% |
| Dec 2014 | Jan 2015 | 3 | 1.5% | -42.3% | +289.2% |
| Mar 2015 | Apr 2016 | 60 | 56.7% | -21.6% | +291.4% |
| May 2016 | May 2016 | 3 | 7.3% | +35.3% | +317.8% |
| Mar 2020 | Mar 2020 | 2 | 16.2% | +54.2% | +221.6% |
| Sep 2021 | Nov 2021 | 6 | 7.3% | -10.9% | +126.7% |
| Nov 2021 | Dec 2021 | 3 | 4.1% | +16.7% | +129.6% |
| Jan 2022 | Feb 2022 | 5 | 3.4% | +27.3% | +128.1% |
| Jul 2022 | Nov 2022 | 20 | 18.4% | +18.6% | +117.1% |
| Dec 2022 | Dec 2022 | 1 | 1.5% | +12.3% | +108.2% |
| Aug 2023 | Sep 2023 | 4 | 4.4% | +29.3% | +107.1% |
| Sep 2023 | Nov 2023 | 7 | 6.6% | +35.2% | +108.4% |
| Feb 2024 | Mar 2024 | 7 | 6.0% | +31.0% | +97.1% |
| Average | 34 | — | +7.4% | — |
Frequently Asked Questions
Is RGLD below its 200-week moving average?
No. Royal Gold, Inc. (RGLD) is currently 53.6% above its 200-week moving average of $140.09. It would need to fall to $140.09 to cross below the line.
What is RGLD's 200-week moving average price?
Royal Gold, Inc.'s 200-week moving average is $140.09 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when RGLD drops below its 200-week moving average?
RGLD has crossed below its 200-week moving average 22 times in our data. On average, buying at that moment produced a one-year return of +7.4%. These dips have historically been decent entry points. These episodes lasted 34 weeks on average.
Is RGLD a good value right now?
Here's what our data says about RGLD as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 49. Return on equity is 11.0%. Price-to-book is 5.5x. This is not a buy or sell recommendation — always do your own research.
How does RGLD compare to the S&P 500?
Over the past 33.2 years, $100 invested in RGLD would have grown to $8790, compared to $2683 for the S&P 500. That's 14.4% annualized vs 10.4% for the index. RGLD has outperformed the broader market over this period.
Does RGLD pay a dividend?
Yes. Royal Gold, Inc. currently pays a dividend yield of 88.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20