Is RGLD's earnings growth sustainable in 2025?

**Royal Gold's (RGLD) earnings growth in 2024 is likely to be sustainable in 2025**, considering the following points:

1. **Strong Financial Performance**: RGLD's net income and total revenue showed significant growth in the most recent quarter ending on December 31, 2024, with a net income of $107.52 million and total revenue of $202.56 million. The net income growth rate was impressive at 70.77%.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|RGLD|RGLD.O|Royal Gold|2024 Q1|1.48902E8|4.7309E7|185|
|RGLD|RGLD.O|Royal Gold|2024 Q2|1.74096E8|8.132E7|185|
|RGLD|RGLD.O|Royal Gold|2024 Q3|1.93837E8|9.633E7|185|
|RGLD|RGLD.O|Royal Gold|2024 Q4|2.0256E8|1.07521E8|185|

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|RGLD|RGLD.O|Royal Gold|2024 Q1|-25.773195876288664|0.72|185|
|RGLD|RGLD.O|Royal Gold|2024 Q2|26.804123711340207|1.23|185|
|RGLD|RGLD.O|Royal Gold|2024 Q3|94.66666666666667|1.46|185|

|code|Ticker|Name|Date|Net Income YoY|market_code|
|---|---|---|---|---|---|
|RGLD|RGLD.O|Royal Gold|2024 Q1|-26.16160197281141|185|
|RGLD|RGLD.O|Royal Gold|2024 Q2|27.861635220125784|185|
|RGLD|RGLD.O|Royal Gold|2024 Q3|94.60999212105295|185|
|RGLD|RGLD.O|Royal Gold|2024 Q4|70.7712588545472|185|

|code|Ticker|Name|Date|Total Revenue YoY|market_code|
|---|---|---|---|---|---|
|RGLD|RGLD.O|Royal Gold|2024 Q1|-12.61209446452885|185|
|RGLD|RGLD.O|Royal Gold|2024 Q2|20.86474778189695|185|
|RGLD|RGLD.O|Royal Gold|2024 Q3|39.8363837047404|185|
|RGLD|RGLD.O|Royal Gold|2024 Q4|32.68180210393932|185|

|code|Ticker|Name|Date|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|
|RGLD|RGLD.O|Royal Gold|2024 Q1|-25.773195876288664|185|
|RGLD|RGLD.O|Royal Gold|2024 Q2|26.804123711340207|185|
|RGLD|RGLD.O|Royal Gold|2024 Q3|94.66666666666667|185|

2. **Positive Market Sentiment**: The stock reached a 52-week high, reflecting positive market sentiment due to rising gold prices and strong second-quarter results. Analysts have a "Strong Buy" consensus rating on the stock, with an average price target of $178, indicating confidence in RGLD's future performance.
3. **Gold Market Dynamics**: The gold market has seen increased demand from central banks and investors, leading to a record high in total gold demand in 2024. This demand is expected to continue, supporting gold prices and thus RGLD's earnings. Additionally, gold's role as a hedge against economic uncertainties and its safe-haven status make it an attractive investment, especially in times of inflation and geopolitical instability.
4. **Industry Position**: RGLD is among the top gold stocks with dividends, which has attracted investor interest. Its strong second-quarter results and the overall positive market sentiment towards gold stocks suggest that its earnings growth could be sustained in 2025.

In conclusion, considering RGLD's robust financial performance, positive market sentiment, favorable gold market conditions, and strategic industry positioning, its earnings growth in 2024 is likely to be sustainable in 2025.