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Stock Charts AI Power Rank: 7.5
Power Rank trend -> Falling
07/26/2024 16:00:00 EST
Royal Gold Inc (RGLD)
Industry: Gold
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, RGLD has been trading in a range between $140.06 and $124.62 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
RGLD is trading below resistance at $140.06, about 4% to the upside. There is support at $124.94 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Royal Gold Inc $RGLD entered a Green zone 22 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $147.73, a potential upside of 9.36% from the recent price of 135.09. The stock is trading 4.34% (potential upside) below its 52 week high of $140.95 and 35.21 % (potential downside) above its 52 week low of $99.91 - based on the recent price.
Company Summary
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.
News
| 5 Gold Stocks Set to Outshine Earnings Estimates in Q2 Benefitting from high gold prices and cost-saving actions, Agnico Eagle Mines (AEM), Barrick Gold (GOLD), Kinross Gold (KGC), Royal Gold (RGLD) and IAMGOLD (IAG) will likely beat Q2 earnings estimates. Source: Zacks Investment Research Tue, 23 Jul 2024 14:15:34 -0400 Sentiment: Positive |
| Zacks Industry Outlook Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold have been highlighted in this Industry Outlook article. Source: Zacks Investment Research Fri, 19 Jul 2024 05:40:26 -0400 Sentiment: Neutral |
| Buy These 5 Gold Stocks to Ride on Solid Price & Demand Trends With gold prices on an uptrend and demand expected to remain strong, the near-term outlook for the Zacks Mining - Gold industry looks promising. Investors can consider adding stocks like AEM, FNV, RGLD, EGO and NGD to their portfolios to capitalize on these trends. Source: Zacks Investment Research Thu, 18 Jul 2024 13:20:34 -0400 Sentiment: Positive |
| Gold Hits New High: 3 Stocks Investors Should Watch Most investors will find the stock market to be a frustrating reflection of the economic realities of the United States, and that's okay. The market will not always be in sync with the economy, but that's where savvy investors will make most of their year's gains, in closing the gap between what is happening under the hood and what the market says is happening. Source: MarketBeat Thu, 18 Jul 2024 07:00:25 -0400 Sentiment: Positive |
| Royal Gold (RGLD) Issues Stream Segment Sales Update for Q2 Royal Gold (RGLD) sells 52,600 gold equivalent ounces in the June-end quarter of 2024. Source: Zacks Investment Research Wed, 10 Jul 2024 10:26:04 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 140.95 52 Week Low: 99.9127 Beta: 0.647 50 Day MA: 129.7256 200 Day MA: 119.0312 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.142 Qtr Revenue Growth YOY: 0.059 Forward PE: 22.6757 Trailing PE: 39.9675