Royal Gold had its Relative Strength (RS) Rating upgraded from 70 to 75 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Royal Gold can continue to rebound and hit that benchmark.
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Royal Gold is building a flat base with a 155.10 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of fundamentals, Royal Gold has posted two quarters of accelerating earnings growth. Top line growth has also moved higher over the same time frame.
The company holds the No. 5 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines is the top-ranked stock within the group.
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