Royal Gold doubled his profit. Why buy it back now

Royal Gold (Nasdak:RGLD) published the second quarter of 2026 on 6 August, showing that the size of the company ' s operations was significantly different from last year ' s. Income amounted to $451 million, with a record cash flow of $335 million and net income of $236 million, an increase of 115 per cent, 119 per cent and 79 per cent, respectively, over the same period last year. Nevertheless, the management has repurchased the stock this quarter, considering that the market has not recognized the value of its portfolio. The strong signal for the quarter was diversification, with no single concession or stream contributing more than 13 per cent. The adjusted net income was $218 million, or $2.56 per share, an increase of 41 per cent over the same period. Royal Gold paid $40 million in dividends in the current quarter, $1.90 per share annually, an increase of 6 per cent over last year. At the same time, the company repurchased 147,000 shares this quarter at a cost of $30 million. Management expects that obligations will be fully repaid by the fourth quarter。