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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 11:11:00 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 $130.43 and $120.43 (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 $134.31, about 3% to the upside. There is support at $123.16 -6% 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 7 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $147.73, a potential upside of 12.77% from the recent price of 131.00. The stock is trading 2.4% (potential upside) below its 52 week high of $134.14 and 31.12 % (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
| Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024 DENVER--(BUSINESS WIRE)--Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024. Source: Business Wire Wed, 03 Jul 2024 16:05:00 -0400 Sentiment: Neutral |
| 3 Gold Stocks to Watch Ahead of Inflation Data The Personal Consumption Expenditures Price Index (PCE) -- also known as the Federal Reserve's preferred inflation gauge -- for June is due out later this week. Source: Schaeffers Research Wed, 26 Jun 2024 14:18:18 -0400 Sentiment: Positive |
| Gold Shines as Weak Retail Sales Lift Rate-Cut Bets: 3 Winners As the bullion metal glitters, gold mining stocks like Kinross Gold (KGC), Royal Gold (RGLD), and Barrick Gold (GOLD) have a fair chance to gain. Source: Zacks Investment Research Tue, 25 Jun 2024 09:10:24 -0400 Sentiment: Positive |
| Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, June 27, 2024 DENVER--(BUSINESS WIRE)--Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, June 27, 2024. Source: Business Wire Mon, 17 Jun 2024 15:15:00 -0400 Sentiment: Neutral |
| Why Is Royal Gold (RGLD) Up 4.4% Since Last Earnings Report? Royal Gold (RGLD) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Fri, 07 Jun 2024 12:36:14 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 134.1441 52 Week Low: 99.9127 Beta: 0.647 50 Day MA: 125.9868 200 Day MA: 116.8918 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.142 Qtr Revenue Growth YOY: 0.059 Forward PE: 22.6757 Trailing PE: 38.7574