RGLD posts record Q2 revenues of $209M and a 45% EPS jump, driven by higher metal prices and strong gold output.
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Royal Gold (RGLD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Royal Gold (RGLD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
After losing some value lately, a hammer chart pattern has been formed for Royal Gold (RGLD), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
RGLD's stream segment sold 40,600 GEOs in Q2, down from the prior quarter and the year-ago quarter.
Royal Gold (RGLD) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Royal Gold's planned buyouts of Sandstorm Gold and Horizon Copper aim to boost GEO output and diversify its global portfolio.
SAND is set to be acquired by Royal Gold in a $3.5 billion stock deal, giving its shareholders a 21% premium and broader portfolio exposure.
Here is how Royal Gold (RGLD) and B2Gold (BTG) have performed compared to their sector so far this year.
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