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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-01), Royal Gold's Beta is 0.9771.
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Royal Gold Beta Related Terms
Royal Gold Beta Historical Data
* Premium members only.
The historical data trend for Royal Gold's Beta can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Royal Gold's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Royal Gold Beta vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Beta distribution charts can be found below:
* The bar in red indicates where Royal Gold's Beta falls into.
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Royal Gold (STU:RG3) has a Beta of 0.9771 as of Aug. 01, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Royal Gold and its competitors.
Is Royal Gold's Beta too high?
Royal Gold's current Beta is 0.9771. Overall, Royal Gold has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Beta compare to CDE and AUGO?
Royal Gold's Beta of 0.9771 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Royal Gold and its competitors. Royal Gold's current Beta is 0.9771. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Based on GuruFocus' analysis, Royal Gold (STU:RG3) is currently considered Significantly Undervalued. The stock's GF Value™ is €242.44, compared to a current price of €171.90 — trading 29.1% below its estimated fair value. The current Beta is 0.9771. Royal Gold's overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Royal Gold (STU:RG3), the current Beta is 0.9771 as of Aug. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royal Gold (STU:RG3) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of €171.90 is trading 29.1% below its estimated GF Value™ of €242.44.
GuruFocus considers Royal Gold to be Significantly Undervalued.
Key valuation signals for STU:RG3:
Beta: 0.9771
GF Value™: €242.44 vs. price of €171.90 (29.1% below fair value)
No single metric tells the full story. See the STU:RG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
97GF Score
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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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