DENVER (AP) _ Royal Gold, Inc. (RGLD) on Wednesday reported fiscal third-quarter net income of $23.7 million, this was higher than $18.86 million in the same period a year earlier.
On a per-share basis, the Denver-based company said it had profit of 36 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Kingsman Investment Limited was for earnings of 31 cents per share.
Royal Gold, Inc. shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $70.49, a rise of 22 percent in the last 12 months.
Royal Gold, Inc. is engaged in the acquisition, and management of precious metals royalties and streams. Royal Gold Inc. earnings at a glance: