Royal Gold Inc
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Basic MaterialsGauging Royalty and Streaming Companies’ Upside Potentials
Royalty and streaming mining companies’ valuation multiples (GOAU) (NUGT) are usually higher than those of their mining peers.
Basic MaterialsIs Gold Ready to Fly in the New Year?
In this series, we’ll look at what could influence gold demand as we step into 2019.
Basic MaterialsIs Now the Time to Heed Dalio’s Gold Allocation Advice?
Ray Dalio’s love for gold is well known.
Basic MaterialsWhy Ray Dalio Recommends Holding 5%–10% in Gold
Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.
Basic MaterialsAre Royalty and Streaming Stocks a Safe Bet in 2018 and Beyond?
Royalty and streaming mining companies’ (GOAU) (SIL) multiples are usually higher than those of their mining peers.
Basic MaterialsWhich Gold Miners Look Promising as Gold Rebounds?
While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
Basic MaterialsCould Unprecedented Short Interest in Gold Mean a Bullish Future?
According to the COT report for the week ended August 10, money managers were net short on gold for the eighth straight week.
Basic MaterialsWhy Speculative Money Positioning Hints at a Gold Rally
According to the COT report for the week ended August 3, money managers were net short on gold for the seventh straight week.
Basic MaterialsGoldcorp Misses Second-Quarter Earnings Estimates
Goldcorp (GG) reported its second-quarter earnings on July 25 after the market closed.
Basic MaterialsDoes Speculative Positioning Imply that Gold’s Bottom Is Near?
According to the COT report for the week ended June 26, 2018, money managers were barely net long on gold with just over 4,000 net speculative long contracts.
Basic MaterialsWhy Investors Should Take a Look at Gold in H2 2018
Gold prices have gone through a rough patch recently with prices closing near their seven-month lows.
Basic MaterialsAnalyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
Basic MaterialsWhat’s the Correlation of Miners in 2018?
The revival in precious metals on Friday caused a rebound in miners. But the fall on Monday again caused mining stocks to plummet.
Basic MaterialsThe US Dollar Is Overpowering Gold as Hedge against Market Risk
Among growing market unrest, investors have turned to the US dollar rather than gold as a safe haven.
Basic MaterialsHow Are Mining Stocks Reacting to the Slump in Gold?
The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have fallen about 7.6% and 1.8%, respectively, during the last month.
Basic MaterialsGold’s RSI Level Drops below 30—What’s Next?
On Thursday, June 28, silver fell 0.3% and was trading at $16.00. Platinum dropped 1.0% and traded at $850.00.
MiscellaneousHow Miners’ Correlations Are Moving in Accordance with Gold
In this article, we’ll focus on the correlations of selected miners with gold.
Basic MaterialsA Look at Gold Funds’ and Miners’ Technicals
Most precious metal mining stocks have fallen over the last few months due to falling gold prices.
Basic MaterialsUS Yields Peak and Gold Slumps. Are the Dots Connecting?
US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011.
Basic MaterialsWhich Royalty and Streaming Companies Could Be Rerated in 2018?
Among the four major streaming companies we’ll discuss in this part of our series, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 22.8x.
Basic MaterialsHow Are Precious Metals Reacting to Market Volatility?
Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility.
Basic MaterialsRBC Suggests These 5 Gold Stocks as Hedge against Volatility
RBC Capital Markets has made a case for owning gold and gold stocks (GDX) to hedge against market volatility.
Basic MaterialsThe Correlation of Miners over the Last Few Years
Over the past three years, NGD has seen a declining correlation to gold, while BTG, RGLD, and NEM have seen mixed correlations.
Basic MaterialsHow the Federal Reserve’s April Meeting Impacted Precious Metals
Agnico-Eagle Mines (AEM), Barrick Gold (ABX), Royal Gold (RGLD), and Cia De Minas Buenaventura (BVN) fell 0.36%, 0.52%, 0.73%, and 4.1%, respectively, on May 2.
Basic MaterialsAre Miners Moving in Accordance with Precious Metals?
In this article, we’ll look at the primary technical readings of a select group of miners.
Basic MaterialsMiners’ Correlations and How They’re Moving in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks.
Basic MaterialsIncreased Volatility and Gold Investors
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise.
Basic MaterialsHow Mining Stocks Performed on April 16
Precious metals increased on Monday, April 16, 2018, which was followed by most mining shares.
Basic MaterialsReading the Movements of Miners’ Correlations with Gold
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI).
Basic MaterialsAnalyzing Miners’ Implied Volatility
Recently, the unrest in the markets has had a big effect on precious metals and the US dollar.
Basic MaterialsHow These Mining Stocks Correlate with Gold
In this part of the series, we’ll look at the correlation between gold and four select mining stocks.
Basic MaterialsIs Gold Still Taking Cues from Downturn in Equities?
Gold and silver have seen positive yields over the past five trading days.
Basic MaterialsA Look at Miners’ Recent Correlations with Gold
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals.
Basic MaterialsA Look at Miners’ Technical Details
On Wednesday, March 14, 2018, precious metals fell, but miners had a mix of ups and downs.
Basic MaterialsHow Mining Stocks Moved on March 6
Precious metal miners had a reasonably good start to 2018.
Basic MaterialsWhat the Gold-Silver Spread Indicates
The RSI (relative strength index) of the gold-silver spread was 54.9 on February 23.
Basic MaterialsHow Inflationary Pressure Played on Gold Last Week
Among the core indicators playing precious metal prices is the rise in US inflation, which is currently at 2.2%—almost at growth of 1% compared to the start of 2016.
Basic MaterialsWhat Do Miners’ Correlation Readings Indicate?
Agnico-Eagle Mines and Randgold Resources have seen their correlation with gold drop in the past three years.
Basic MaterialsCould Royalty and Streaming Companies Stay Strong in 2018?
Royalty and streaming companies Royalty and streaming companies’ business model differs greatly from that of other precious metal miners (RING), mainly because royalty and streaming companies do not own mines. These companies make upfront payments to gain a right to a fixed percentage of future silver or gold mine production. Additional payments are then made […]
Basic MaterialsWhy Gold Miners Haven’t Magnified Gold’s Gains in 2018
Performance-wise, the VanEck Vectors Gold Miners ETF (GDX) and the SPDR Gold Shares ETF (GLD) have diverged this year.
Basic MaterialsCould Gold Catch a Bid if Equities Stay Weak in 2018?
What the markets have long been fearing has finally come true, at least in part. The S&P 500 (SPY) (SPX) hit a record high on January 26, 2018. Since then, the index has fallen ~8% as of February 6, 2018.
Basic MaterialsThe Trend Analysis of the Gold–Silver Ratio in January 2018
Gold and silver had a great start to 2018, and they have risen about 3.5% and 1.9%, respectively, year-to-date.
Basic MaterialsCould Traders’ Long Positions on Gold Suggest a Pullback?
Commitment of Traders report The CFTC (Commodity Futures Trading Commission) releases the Commitment of Traders (or COT) report every Friday. It presents a breakdown of the open interest positions of all major contracts in the futures market up until the Tuesday prior. It has four main categories of traders: producers swap dealers money managers other reportables […]
Basic MaterialsEquities May Have Limited Upside: Could There Be Room for Gold?
Equity markets It’s no secret that US equity markets (SPY) (SPX) seemingly hit higher highs every other day in 2017. The S&P 500 rose 19.4%, reaching record highs. Therefore, it comes as no surprise that market participants are worried about valuation getting stretched. While higher valuation doesn’t automatically mean assets are overvalued, the perception of […]
Basic MaterialsCould Gold be Set for a Big Move in 2018?
Gold started 2018 on a strong note, in line with the new-year price rallies it has seen over the last few years.
Basic MaterialsReading the Technicals and Price Movements of Mining Stocks
In this article, we’ll do a technical analysis of a few select mining stocks. When investing in mining stocks, it’s crucial to read their indicators.
Basic MaterialsAnalyzing the Technicals of Mining Stocks in January 2018
Most mining stocks have risen during the past month due to the revival in precious metals prices.
Basic MaterialsTechnicals for Mining Shares and How They’re Moving
Precious metals, especially gold, reported good returns for 2017. However, the year was a roller coaster ride due to global and political unrest.
Basic MaterialsWhat Precious Metals’ Technical Levels Indicate
Precious metal mining companies have witnessed a rebound in their prices alongside precious metals.
Basic MaterialsWhat’s the 3-Year Correlation between Miners and Gold?
Gold is the most influential precious metal, and most miners follow its price trends.
Basic MaterialsWhat Mining Stock Technicals Tell Us about Recent Movements
Precious metal mining companies have witnessed a rebound in their prices alongside precious metals.
Basic MaterialsReading the Recent Gold-Silver Spread
Among these spreads, the gold-silver spread is the most talked about because it measures the number of silver ounces it takes to buy a single ounce of gold.
Basic MaterialsHow the US Dollar Is Expected to Play on Gold Prices in 2018
While gold might benefit briefly from the new year rally, a large portion of the remaining performance will depend on the outlook for the US dollar.
Basic MaterialsHere’s What’s Driving Analyst Estimates for Franco-Nevada
Analysts are calling for average revenues of $678.5 million for 2017 for Franco-Nevada (FNV).
Basic MaterialsWhy Analysts Are Positive about Royal Gold’s Future
Due to its solid performance YTD (year-to-date) and bright outlook, Royal Gold (RGLD) is attracting a lot of interest from the analyst community.
Basic MaterialsRoyal Gold: Streaming Companies Made Investors Richer in 2017
The returns for royalty and streaming companies in 2017 have surpassed the actual miners (GDX) by a huge margin.
Basic MaterialsGold in 2017: Which 5 Miners Have Made Money?
The performance of gold and silver in 2017 is weaker than most other industrial metals. There are many factors that explain the weaker performance of precious metals.
Basic MaterialsWho’s Changing Minds on Royal Gold?
RGLD is being covered by 13 Wall Street analysts right now, of which 54% recommend a “buy” for the stock, while 46% recommend a “hold.”
Basic MaterialsThese 10 Gold Stocks Matter Now to the Analysts Still Betting on Gold
Gold prices remain under pressure as the demand for alternative investments, including equity stocks and bitcoin, remain strong in the risk-on environment.
Basic MaterialsHow the Federal Reserve’s Rate Hike Affected Precious Metals
Precious metals and miners saw some relief on December 13 after the Fed raised rates as expected. Sibanye Gold (SBGL), Aurico Gold (AUQ), and Goldcorp (GG) rose 3.5%, 3.6%, and 5.8%, respectively.
Basic MaterialsToday’s Correlation Study of Key Mining Stocks with Gold
The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) have fallen 3.5% and 4.4%, respectively, on a 30-day trailing basis.
Basic MaterialsHow Giant Mining Stocks Are Moving: Technical Insights
Among the four miners we’re covering, Goldcorp and Barrick have YTD (year-to-date) losses of 12.9% and 14.6%, respectively.
Basic MaterialsAnalyzing Miners’ Volatility Indicators
In this part of our series, we’ll look at the technical indicators for mining stocks. We’ll discuss the call-implied volatility and RSI (relative strength index).
Basic MaterialsHow Turbulence in the Market Has Moved Precious Metals
Often, gold, silver, platinum, and palladium react to the overall risk in the market.
Basic MaterialsWhy Valuation Multiples for Royalty and Streaming Companies Have Risen in 2017
Royalty and streaming mining companies (RING) (SIL) have business models that are considered quite conservative because they don’t own mines.
Basic MaterialsInside the Relative Valuations of Key Gold Miners Today
While geopolitical tensions, low US inflation, and uncertain policy reforms have been supporting gold, the other key factors have been working against it.
Basic MaterialsA Look at Miners’ Volatility
RGLD, NEM, GFI, and BVN have call implied volatilities of 24.8%, 25.9%, 40.4%, and 35.3%, respectively. The volatility in these stocks is often much higher than the volatility in precious metals.
Basic MaterialsA Brief Correlation Analysis of a Few Select Miners
Barrick Gold has seen a declining trend in its correlation to gold over the past three years, while the other three miners witnessed a mixed trend in correlation.
Basic MaterialsA Brief Analysis of the Miners in November 2017
RGLD, GG, SBGL, and GOLD reported RSI levels of 52.5, 62.7, 49.2, and 81.4, respectively.
Basic MaterialsAn Overview of the Platinum and Palladium Markets in 2017
In September 2017, palladium prices overtook the price of platinum.
Basic MaterialsThe Fed’s Implications on Precious Metals
Precious metals rose on Tuesday after their impactful retreat on Monday. The market was eagerly waiting for the Federal Reserve minutes due on Wednesday.
Basic MaterialsComparing Miners’ Correlation with Gold
Correlation analysis Mining stocks’ performance usually depends on precious metal prices. Correlation analysis can give investors some perspective on how mining stocks relate to precious metals, especially gold. In this part of our series, we’ll look at four miners—Royal Gold (RGLD), Goldcorp (GG), Franco-Nevada (FNV), and Randgold Resources (GOLD)—and their correlation with gold. On Monday, the ETFS Physical […]
Basic MaterialsIndia’s Gold Imports Have Fallen: What’s Going On?
For India, gold imports have fallen 16% in value to ~$2.9 billion in October 2017 compared to $3.5 billion in the corresponding month last year.
Basic MaterialsDirectional Changes in the Correlation of Miners to Gold
New Gold and Goldcorp have seen upward trends in their correlations with gold, while Newmont Mining has seen its correlation decline.
Basic MaterialsRising Yield’s Impact on Gold
Gold futures for December delivery were down yesterday, touching the day’s low of $1,269.7 per ounce and ending the day at $1,282.9 per ounce.
Basic MaterialsYield Changes for Precious Metals: What Could Be the Impact?
If we look beyond the dollar influence on precious metals, we can analyze how the probability of an interest rate hike could influence precious metals and their miners.
Basic MaterialsYour Brief Correlation Study of Major Mining Stocks Last Week
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) have seen YTD (year-to-date) gains of 6.4% and 9%, respectively.
Basic MaterialsPrecious Metal Markets: A Brief Look at the Gold–Silver Spread
The past week has been beneficial for precious metals—gold, silver, platinum, and palladium rose 0.42%, 1.5%, 0.63%, and 1.5%, respectively.
Basic MaterialsMining Stocks’ Movement in the First Week of November
First Majestic Silver and Yamana Gold have seen a YTD loss of 11.1% and 5%, respectively. Royal Gold and Agnico have seen a YTD gain of 40.6% and 7.2%.
Basic MaterialsHow Central Banks’ Gold Buying Spree Coud Benefit Prices
While China and Russia have the fifth and sixth largest gold reserves globally, the movements in them are the most watched by gold investors the world over mainly because these economies have been quite vocal about adding gold reserves.
Basic MaterialsMining Shares: What Direction Is the RSI Level Taking?
The VanEck Vectors Junior Gold Miners (GDXJ) and the iShares MSCI Global Gold Min (RING) witnessed a fall in their price on Friday.
Basic MaterialsReading the Dollar Impact on Precious Metals amid Fed Changes
Thursday, November 2, 2017, was an up day for gold, but silver, platinum, and palladium continued to fall.
Basic MaterialsAnalyzing Miners’ Trends in October
Mining stocks’ correlation with precious metals Most of the time, mining stocks’ performance follows that of precious metals. However, they can deviate. Correlational analysis can give investors some insight into how mining stocks relate to gold and silver. In this part of our series, we’ll compare Royal Gold (RGLD), Goldcorp (GG), New Gold (NGD), and Newmont Mining (NEM). Mining […]
Basic MaterialsReading the Correlation Movements of Precious Metal Miners with Gold
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) fell 2.6% and 1.5%, respectively, on October 26.
Basic MaterialsA Technical Analysis of Mining Shares as of October 27
On October 26, 2017, Royal Gold, Newmont, Sibanye, and Yamana had call implied volatilities of 24.8%, 25.9%, 63%, and 48.4%, respectively.
Basic MaterialsA Brief Correlation Study of Mining Stocks as of October 23
The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Gold Miners (GDX) have fallen 1.3% and 1.4%, respectively, on a five-day-trailing basis.
Basic MaterialsAre Gold and Silver Walking Hand-in-Hand?
Gold, silver, and platinum have fallen 1.7% apiece during the past five trading days, while palladium has fallen 2.7%.
Basic MaterialsThese Factors Continue to Boost Precious Metals
The overall geopolitical environment also had a significant effect on precious metals over the past few months.
Basic MaterialsAnalyzing Mining Shares’ Correlation in October
Understanding mining stocks’ correlation with gold is crucial for investors in precious metal mining stocks.
Basic MaterialsWhich Gold Miners Popped and Dropped in 2017?
The North American gold miners’ results season is slated to begin on October 25. In this series, we’ll see how analysts view their revenues, earnings, and free cash flows.
Basic MaterialsHow Mining Stocks Really Moved on October 17
On a YTD (year-to-date) basis, RGLD, AEM, and FNV have risen 38.3%, 7.3%, and 33.3%, respectively, while Goldcorp has seen a YTD loss of 3.4%.
Basic MaterialsInside Mining Stock Technicals on October 12
Most precious metals had a down day on Tuesday, October 10, despite the recent overall upward movement in precious metals.
Basic MaterialsThe Ups and Downs of Mining Shares in October 2017
Mining shares had a mixed pattern in their price reactions on Wednesday, October 11, 2017.
Basic MaterialsAre North Korea Tensions Continuing to Affect Precious Metals?
All the four precious metals saw an up day on Monday, October 9, 2017.
Basic MaterialsMapping the Analyst Rating Changes for Royalty and Streaming Miners
Credit Suisse (CS) downgraded Franco-Nevada (FNV) from “outperform”’ to “neutral” on September 25, 2017.
Basic MaterialsMining Stocks so Far in 2017: A Correlation Study
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
Macroeconomic AnalysisCopper Falls, Gold and Silver Are Stable Thursday Morning
Copper is falling for the fourth trading day this week. At 7:53 AM EST, the COMEX copper futures contract for July delivery was trading at $2.16 per pound.
Basic MaterialsHow Are the Mining Stocks’ Technical Indicators Moving?
Goldcorp (GG) and Newmont Mining (NEM) have dropped 4.2% and 6.2%, respectively, over the last month.
Basic MaterialsWheaton Precious Metals: Number 1 in the Top 10 Precious Metal Stocks
Wheaton Precious Metals trades at a forward EV-to-EBITDA multiple of 16.6x, which is a discount of 19% to the sector average multiple.
Basic MaterialsHow the Dollar Affected Gold on October 4
Gold rose on Wednesday, October 4, 2017, after having touched its seven-week low price of $1,269.2 an ounce.