Royal Gold Stock: Bullish As This Streaming And Royalties Giant Approaches All-Time High

BOOX Research
20.34K Followers
(6min)

Summary

  • Royal Gold is benefiting from the strong precious metals pricing environment.
  • An outlook for sales growth into expanding royalty and streaming interests supports a positive outlook.
  • The stock appears attractive, trading at a valuation discount to peers.
Gold ingot on weight scale

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Shares of Royal Gold, Inc. (NASDAQ:RGLD) (RGL:CA) are up 17% year-to-date, quietly approaching a new all-time high. The backdrop of a record gold price and strong sentiment towards precious metals prices has marked a turnaround for the streaming and royalties giant, which had struggled

This article was written by

20.34K Followers
BOOX Research run by Dan Victor, CFA specializes in covering small-caps and under-the-radar ideas. Dan brings more than 15 years of experience in financial services across multiple roles in research, investment management, and trading. Dan is also the winner of Seeking Alpha's 2023 stock market prediction contest-- beating out a field of 40 analysts by correctly forecasting the S&P 500's 24% gain that year. https://seekingalpha.com/article/4660791-2023-market-prediction-contest-winners

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RGLD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein represents the personal opinions and views of Dan Victor only and is intended for informational and/or educational purposes. It should not be construed as a specific recommendation or solicitation to buy or sell any security or follow any particular investment strategy. Please consult with your financial advisor before making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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