Royal Gold stock saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
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Is Royal Gold Stock A Buy?
Royal Gold is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The precious metals stock has a 90 EPS Rating, meaning its recent quarterly and annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 14% earnings-per-share growth for Q2. Sales growth fell to 6%, down from 19% in the previous quarter.
Royal Gold stock earns the No. 4 rank among its peers in the Mining-Gold/Silver/Gems industry group. Franco Nevada is the top-ranked stock within the group.
