Royal Gold Inc (NASDAQ: RGLD) has reported earnings for its third fiscal quarter (ending September 30) of $1.46 versus $0.75 for the same period a year ago — an increase of 95%. For the latest four quarters through September 30, E.P.S. were $4.36 versus $3.55 for the same period a year ago — an increase of 23%.
Recent Price Action
Royal Gold Inc (NASDAQ: RGLD) stock declined by -2.3% on 11/6/24. The shares closed at $144.84. Moreover, unusually high trading volume at 168% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
RGLD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Royal Gold has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Royal Gold has a slightly negative Appreciation Score of 34 but a very high Power Rating of 95, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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