NEW YORK (TheStreet) -TheStreet Ratings' stock model upgraded Royal Gold (RGLD) to 'Buy' from 'Hold'. Revenue at this $2.4 billion market cap, gold mining royalty company rose by 83% to $40.7 million in fiscal fourth quarter when compared to the year earlier quarter.
TheStreet Ratings released rating changes on 8 additional U.S. common stocks for August 27, 2010. In total, just two stocks were downgraded and seven stocks have been upgraded by our stock model.
Net income at Royal Gold popped 49% to $10.5 million in the fiscal fourth quarter ending June 30, from the same quarter one year earlier. Alix Steel interviewed goldstockanalyst.com's editor J.C. Doody on why he likes Royal Gold and other mining shares.
Heading the other direction, being downgraded to 'Hold' from 'Buy', is Lumber Liquidators (LL). The stock of this $568 million market capitalization, hardwood flooring retailer, has lost one-third of its value and is trading near the 52-week low of $19 a share. At 34.7%, gross profit margin in the second quarter slipped from 35.3% in second quarter 2009. The company expects a "gradual improvement in the macro-economic trends" to sustain the company's growth forecast.-- Reported by Kevin Baker in Jupiter, Fla.
For additional Investment Research check out our Ratings Research Center.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV