RGLD Stock Recent News
RGLD LATEST HEADLINES
DENVER--(BUSINESS WIRE)--Royal Gold Presenting at the John Tumazos Very Independent Research 2023 Virtual Conference.
Within the latest ISM non-manufacturing PMI report, the mining industry is sending traders and investors a clear 'qualitative' message that they would be wise to consider. "Declining commodity prices seem to have bottomed out.
Royal Gold, Inc. reported a net income of $63.45 million in Q2 2023, with adjusted earnings per share of $0.88. The company's revenue for the quarter was $144.04 million, with gold accounting for 77% of the revenue. Royal Gold has a strong balance sheet, with $702 million in liquidity and a quarterly dividend of $0.375 per share.
Royal Gold (RGLD) provides details on its Brazil mine royalty acquisition from ACG.
Royal Gold's (RGLD) Q2 results reflect the impacts of lower sales at certain mines, partially offset by higher gold production at Cortez, and rising gold and silver prices.
(Kitco News) - Royal Gold explained that the decrease in Q2 2023 net income was primarily attributable to higher debt-related interest expense.
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Royal Gold (RGLD) sells 53,700 GEOs in the June-end quarter.
Royal Gold (RGLD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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.