DENVER (AP) — DENVER (AP) — Royal Gold Inc. (RGLD) on Wednesday reported first-quarter earnings of $113.5 million.
On a per-share basis, the Denver-based company said it had net income of $1.72. Earnings, adjusted for non-recurring gains, were $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The manager of precious metal royalties posted revenue of $193.4 million in the period.
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