The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) is a huge mover today! About 282,593 shares traded hands. Royal Gold, Inc (USA) (NASDAQ:RGLD) has risen 47.05% since April 5, 2016 and is uptrending. It has outperformed by 45.10% the S&P500.
The move comes after 6 months positive chart setup for the $4.88B company. It was reported on Nov, 8 by Barchart.com. We have $96.87 PT which if reached, will make NASDAQ:RGLD worth $1.42 billion more.
Royal Gold, Inc (USA) (NASDAQ:RGLD) Ratings Coverage
Out of 11 analysts covering Royal Gold Inc. (NASDAQ:RGLD), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Royal Gold Inc. has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital on Tuesday, May 3 with “Mkt Perform”. The firm earned “Neutral” rating on Tuesday, September 8 by Goldman Sachs. On Friday, January 8 the stock rating was downgraded by IBC to “Sector Perform”. As per Wednesday, July 6, the company rating was upgraded by Dundee Securities. The rating was initiated by BMO Capital Markets with “Outperform” on Monday, September 14. FBR Capital maintained the shares of RGLD in a report on Friday, August 12 with “Mkt Perform” rating. The stock of Royal Gold, Inc (USA) (NASDAQ:RGLD) earned “Buy” rating by Canaccord Genuity on Thursday, August 6. As per Friday, November 4, the company rating was upgraded by IBC. The firm has “Outperform” rating by Raymond James given on Wednesday, July 6. FBR Capital maintained Royal Gold, Inc (USA) (NASDAQ:RGLD) on Wednesday, July 6 with “Mkt Perform” rating.
According to Zacks Investment Research, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies.”
Insitutional Activity: The institutional sentiment increased to 1.54 in 2016 Q2. Its up 0.31, from 1.23 in 2016Q1. The ratio increased, as 27 funds sold all Royal Gold, Inc (USA) shares owned while 60 reduced positions. 36 funds bought stakes while 98 increased positions. They now own 44.32 million shares or 1.49% less from 44.99 million shares in 2016Q1.
Services Automobile Association last reported 0.14% of its portfolio in the stock. Advisory Ntwk Lc has invested 0.11% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Tarbox Grp Incorporated has invested 0% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). Bnp Paribas Arbitrage Sa reported 26,692 shares or 0.01% of all its holdings. Whittier has 200 shares for 0% of their US portfolio. Moreover, Washington Trust Fincl Bank has 0% invested in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 200 shares. Scotia Cap has 0.01% invested in the company for 8,493 shares. Moreover, Vantage Advsr Limited Liability Corporation has 0% invested in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 45 shares. Citigroup Inc has invested 0% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD). American Group has 126,457 shares for 0% of their US portfolio. Financial Bank Of New York Mellon Corp reported 1.18 million shares or 0.03% of all its holdings. Dekabank Deutsche Girozentrale last reported 0% of its portfolio in the stock. Ameriprise Finance holds 0.01% of its portfolio in Royal Gold, Inc (USA) (NASDAQ:RGLD) for 182,971 shares. Arizona State Retirement Systems has 25,542 shares for 0.03% of their US portfolio. Legal General Group Public Ltd Limited Liability Company holds 11,996 shares or 0% of its portfolio.
More news for Royal Gold, Inc (USA) (NASDAQ:RGLD) were recently published by: Seekingalpha.com, which released: “Is It Time To Buy Royal Gold?” on November 08, 2016. Schaeffersresearch.com‘s article titled: “Earnings Preview: Silver Wheaton Corp. and Royal Gold, Inc” and published on August 10, 2016 is yet another important article.
RGLD Company Profile
Royal Gold, Inc., incorporated on January 5, 1981, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Firm operates through two divisions: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Company’s assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other. The Company’s principal producing properties include Carmen de Andacollo (Andacollo) (Region IV, Chile); Mount Milligan (British Columbia, Canada); Pueblo Viejo (Sanchez Ramirez, Dominican Republic); Wassa, and Prestea (Western Region, Ghana). The Company’s royalty interests include Cortez (Nevada, the United States) and Penasquito (Zacatecas, Mexico). The Company’s principal development-stage properties include Pascua-Lama Project (Region III, Chile) and Rainy River (Ontario, Canada).
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