Royal Gold Stock Fair Value Calculation – Royal Gold’s Relative Strength Rating Reaches 71 in 2023, Showing Potential as a Top Stock to Buy.
March 16, 2023
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Royal Gold ($NASDAQ:RGLD) has been steadily increasing in value throughout the year and this week saw a particularly impressive jump in their IBD Relative Strength Rating. The rating rose from 67 to 71, which demonstrates the growth potential of this stock. Investors looking for a smart buy should pay close attention to this rating as it is an important indicator of a stock’s potential. The IBD Relative Strength Rating measures how well a stock is doing against other stocks in its industry. This rating is a great way to track the performance of a stock over time and to make informed decisions about investments.
By analyzing the IBD Relative Strength Rating, investors can gain an understanding of how their stock is performing relative to others in the market. The 71 rating for Royal Gold is an impressive accomplishment and suggests that it could be one of the best stocks to buy right now. The stock has been performing well compared to its peers, and its rating is indicative of strong future performance. This news is sure to give investors more confidence in their decision to invest in Royal Gold, and they should keep a close eye on the IBD Relative Strength Rating as a way of staying informed on the stock’s progress.
Stock Price
The media coverage of the stock has been mostly positive so far. On Monday, Royal Gold opened at $117.1 and closed at $118.3, demonstrating a 4.2% increase from its previous closing price of $113.4. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Royal Gold. More…
| Total Revenues | Net Income | Net Margin |
| 603.21 | 238.98 | 40.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Royal Gold. More…
| Operations | Investing | Financing |
| 417.35 | -922.88 | 480.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Royal Gold. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.53k | 781.05 | 41.79 |
Key Ratios Snapshot
Some of the financial key ratios for Royal Gold are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 27.0% | 48.1% |
| FCF Margin | ROE | ROA |
| -83.7% | 6.9% | 5.1% |
Analysis – Royal Gold Stock Fair Value Calculation
After analyzing ROYAL GOLD‘s fundamentals, GoodWhale has completed a comprehensive review and determined the company’s fair value of around $117.8. This calculation was made using our proprietary Valuation Line, which takes into account the company’s financials and market conditions. Currently, ROYAL GOLD stock is trading at $118.3, which is relatively close to the fair price we determined. We believe this is an opportunity for investors who are looking for a reliable stock that offers a good return. More…
Peers
The competition is fierce, but Royal Gold Inc. has managed to stay ahead of the pack thanks to its experienced team and cutting-edge technology.
– Rover Metals Corp ($TSXV:ROVR)
Rover Metals Corp is a Canadian company engaged in the exploration and development of mineral properties. The company has a market capitalization of $2.23 million and a return on equity of -21.65%. Rover Metals Corp is focused on the exploration and development of its mineral properties in Canada. The company’s primary asset is the Lac de Gras diamond property located in the Northwest Territories.
– Euro Ressources SA ($LTS:0JSG)
Euro Ressources S.A. is a France-based company engaged in the mining sector. The Company, through its subsidiaries, is engaged in the exploration and production of gold in Guyana and Suriname. The Company operates the Rosebel gold mine in Suriname. The Company also owns the Rouyn and Malartic properties located in Quebec, Canada.
– Alamos Gold Inc ($TSX:AGI)
Alamos Gold Inc is a gold mining company with operations in North America. The company has a market capitalization of $4.09 billion and a return on equity of 2.28%. Alamos Gold is engaged in the exploration, development, and production of gold. The company’s mines are located in Canada, Mexico, and Turkey. Alamos Gold also has a minority interest in a gold mine in Greece.
Summary
Royal Gold is a stock with strong potential as a top stock to buy. On the same day that the rating was released, the stock price moved up, indicating that investors believe it to be a sound investment.
