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Royal Gold misses 4Q profit forecasts

DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal fourth-quarter earnings of $20 million.

On a per-share basis, the Denver-based company said it had net income of 31 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The manager of precious metal royalties posted revenue of $108.9 million in the period.

For the year, the company reported net income of $101.5 million, or $1.55 per share, swinging to a profit in the period. Revenue was reported as $440.8 million.

Royal Gold shares have increased 34 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $84.94, falling slightly in the last 12 months.


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


Keywords: Royal Gold, Earnings Report