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Royal Gold beats 3Q profit forecasts

DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal third-quarter net income of $23.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Denver-based company said it had profit of 36 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The manager of precious metal royalties posted revenue of $107 million in the period.

Royal Gold shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $70.49, a rise of 22 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RGLD at https://www.zacks.com/ap/RGLD

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Keywords: Royal Gold, Earnings Report