Royal Gold Inc. (NASDAQ:RGLD) went down by -1.91% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Gold giant went up by $121.05 to trade ended Thursday trading at $123.41. This is down from the $123.41 price recorded on Wednesday’s trading session. Thanks to this latest performance, RGLD is closer to the higher price 52-week target of $155.00 and further from the lowest price target of $105.00. Its performance from the start of the year has also been negative, with RGLD down by -0.98% year-to-date.
Royal Gold Inc. (RGLD) started the day trading at $122.27 and recorded an intraday high of $124.33. It also recorded an intraday low of $120.84 during Thursday’s trading session. Royal Gold Inc. is a very active stock that recorded a trading volume that is less than -110.87% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 316430, which is less than -110.87 of the total average daily trading volume of 667.27K.
Royal Gold Inc. (NASDAQ:RGLD) 2020 Performance Impressive
The increase in RGLD’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of RGLD currently stands at $139.63, which is higher than the current trading price of the stock by 13.31%. However, RGLD’s current trading price is -102.49% lower than the 52-week low price of $59.78. In terms of trading volume, Royal Gold Inc. currently experienced healthy participation during the last trading session. 316430 shares of Royal Gold Inc. were traded on the stock exchange on Thursday, which is less than -110.87% of the 667.27K average trading volume of the stock.
The performance of the stock has been positive over the past year. RGLD’s performance over the past one year has seen it surge by 15.74%, while the stock has gone down by -0.06% in the last six months. The quarterly performance of RGLD currently stands at 30.47%, and it is down by -3.82% in the last month. The only positive figure was from the weekly performance, which currently reads 1.61%. At the time of writing RGLD’s report, the company has a total market cap of $8.05B, making it one of the largest publicly-traded companies in the world.Royal Gold Inc. also has over 23 employees all over the world.
RGLD Insider Activities
For Royal Gold Inc., insiders hold 82.90% of all company shares. The insider transactions over the past six months are up by 0.90%. During that period, insiders bought 5,602 shares in 5 transactions. In that same period, insiders sold 6,048 of their shares in 5 transactions. After these transactions, insiders at Royal Gold Inc. now hold 283.97k shares, which is over 84.20% of the total company stocks. Institutional investors currently hold a large chunk of the RGLD shares, as they control 0.43% of the company’s total stock.
RGLD Fundamental Analysis
For Royal Gold Inc., the stock’s diluted earnings per share (EPS) stands at 2.70. In the coming year, analysts expect the EPS to be 3.14. The EPS growth will up over the next five years to 26.60% after surging by 8.30% in the previous five years. In terms of revenue, Royal Gold Inc.’s quarterly sales (YOY) is growing at 0.54, which is lower than the average annual revenue of 8.30% over the past half a decade.
The Return on Investment (ROI) on Royal Gold Inc.’s stock currently stands at 5.20%, and it has a net profit margin of 35.70%. The operating margin of the company is 39.40%, and its gross margin is 81.60%.
RGLD Analysts Prediction
and B. Riley FBR reiterate their Buy position on the stock ($129 and $156).
At the moment, Royal Gold Inc.’s Total Debt to Equity ratio stands at 0.04, and they have a long-term Debt to Equity ratio of 0.04.
RGLD Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of RGLD currently stands at 0.62%, while the SMA50 is -4.09%. The biggest one is the SMA200, which is currently reading 5.39% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 48.23, while its price to earnings ratio (P/E) is 44.92.
