Royal Gold's (RGLD -3.1%) FQ3 earnings rose 33% Y/Y but fell short of analyst estimates, sending...

|About: Royal Gold, Inc. (RGLD)|By:, SA News Editor

Royal Gold's (RGLD -3.1%) FQ3 earnings rose 33% Y/Y but fell short of analyst estimates, sending shares lower. But after applying its royalty participation formula, RGLD says its precious metals reserves increased 19% Y/Y on a gold equivalent basis, prompting 24/7's Paul Ausick to see the shares as a bargain.