DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal second-quarter net income of $41.3 million.
On a per-share basis, the Denver-based company said it had net income of 63 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The manager of precious metal royalties posted revenue of $123.6 million in the period.
Royal Gold shares have dropped slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $112.09, a rise of 28% in the last 12 months.