| Should You Buy Royal Gold (RGLD) Ahead of Earnings? - Tale of the Tape | |
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Investors are always looking for stocks that are poised to beat at earnings season and Royal Gold, Inc. (RGLD) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Royal Gold is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for RGLD in this report. In fact, the Most Accurate Estimate for the current quarter is currently at 29 cents per share for RGLD, compared to a broader Zacks Consensus Estimate of 28 cents per share. This suggests that analysts have very recently bumped up their estimates for RGLD, giving the stock a Zacks Earnings ESP of 3.57% heading into earnings season. Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Given that RGLD has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Royal Gold and that a beat might be in the cards for the upcoming report. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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ROYAL GOLD INC (RGLD): Free Stock Analysis Report
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Zacks Investment Research
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Royal Gold Inc.
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PRODUCER |
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CODE : RGLD |
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ISIN : US7802871084 |
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ProfileMarket
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Asset profileContact Cpy |
Royal Gold is based in United states of america. Royal Gold produces gold, copper, lead, silver and zinc in Argentina, in Bolivia, in Burkina Faso, in Canada, in Chile, in Guinea, in Mexico, in Nicaragua and in USA, develops copper, gold, lead, silver and zinc in Australia, in Burkina Faso, in Canada and in Chile, and holds various exploration projects in Argentina, in Bulgaria, in Canada and in Finland. Its main assets in production are BALD MOUNTAIN in USA, LIMON, LEEVILLE MINING COMPLEX and GOLDSTRIKE OPEN PIT in Nicaragua, DON MARIO (CERRO PELADO), ROBINSON (NEVADA), WHARF and MARIGOLD in Bolivia, PEÑASQUITO, EL CHANATE, DOLORES MINE, MULATOS MINE -ESTRELLA and TWIN CREEKS in Mexico, SIGUIRI in Guinea, TAPARKO in Burkina Faso, MARTHA MINE, TROY and PIPELINE MINING COMPLEX in Argentina, ANDACOLLO HYPOGENE, TOQUI and ANDACOLLO in Chile and WILLIAMS and GOLDSTRIKE UNDERGROUND in Canada, its main assets in development are GOLD HILL and PASCUA LAMA in Chile, HOLT MINE & MILL and PINE COVE (MINGS BIGHT) in Canada, BALCOOMA in Australia and BOUROUM in Burkina Faso and its main exploration properties are CANADIAN MALARTIC (QUEBEC), MANHATTAN (WHITE CAPS), GOLDSTRIPE WILLA and CAMP BIRD MINE in Canada. Royal Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 8.0 billions as of today (€ 7.5 billions). Its stock quote reached its lowest recent point on February 28, 1992 at US$ 0.03, and its highest recent level on April 18, 2024 at US$ 121.66. Royal Gold has 65 455 293 shares outstanding. |