ROYAL GOLD INC (NASDAQ:RGLD) – A High Growth Momentum Stock with Strong Technical Setup

ROYAL GOLD INC (NASDAQ:RGLD) stands out as a compelling candidate for high growth momentum investors, combining strong earnings momentum with a favorable technical breakout setup. The company, which specializes in precious metal streams and royalties, has demonstrated impressive financial growth while maintaining a technically sound chart structure.

Growth Momentum Highlights

• Earnings Growth: RGLD reported a 67.4% year-over-year increase in EPS (TTM), with recent quarterly growth exceeding 65%. The company has consistently beaten earnings estimates, with an average surprise of 7.1% over the last four quarters.
• Revenue Expansion: Sales growth remains robust, with a 30.8% increase over the past year. Recent quarters show accelerating revenue trends, including a 29.9% year-over-year jump in the latest quarter.
• Profit Margins: The company’s profit margin has expanded significantly, reaching 58.7% in the most recent quarter, up from 46.2% in the prior fiscal year.
• Analyst Revisions: Upward revisions in both earnings (+7.4%) and revenue (+2.3%) estimates over the last three months suggest continued optimism.

Technical Strength & Setup

• Technical Rating (9/10): RGLD’s chart reflects a strong uptrend, supported by rising moving averages and outperformance relative to 91% of the market.
• Setup Quality (7/10): While the stock is extended in the short term, recent consolidation near its 52-week high suggests a potential breakout opportunity.
• Key Levels: Resistance sits near $186.72, with multiple support zones below, including a critical area around $177.15. A breakout above resistance could signal further upside.

For a deeper technical assessment, review the full technical report for RGLD.

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Disclaimer

This is not investment advice. Always conduct your own research before making financial decisions.