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

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.
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