RGLD Stock Summary and Trading Ideas (Royal Gold | NASDAQ:RGLD)

Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of 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 conduct any 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.

Royal Gold trades on the NASDAQ stock market under the symbol RGLD.

As of April 19, 2024, RGLD stock price climbed to $122.73 with 442,600 million shares trading.

RGLD has a beta of 0.48, meaning it tends to be less sensitive to market movements. RGLD has a correlation of 0.04 to the broad based SPY ETF.

RGLD has a market cap of $8.06 billion. This is considered a Mid Cap stock.

Last quarter Royal Gold reported $153 million in Revenue and $.95 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.17.

In the last 3 years, RGLD stock traded as high as $147.82 and as low as $84.54.

The top ETF exchange traded funds that RGLD belongs to (by Net Assets): GDX, VTI, IJH, VB, VXF.

RGLD stock has underperformed the market in the last year with a return of -9.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RGLD shares. However, RGLD has outperformed the market in the last 3 month and 2 week periods, returning +5.8% and -2.1%, while SPY returned +3.0% and -4.5%, respectively. This indicates RGLD has been having a stronger performance recently.

RGLD support price is $119.03 and resistance is $124.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RGLD stock will trade within this expected range on the day.