Royal Rises On Unusually High Volume (RGLD)

NEW YORK (TheStreet) -- Royal Gold (Nasdaq:RGLD) is trading at unusually high volume Monday with 5.3 million shares changing hands. It is currently at 7.8 times its average daily volume and trading up $2.25 (+3%) at $77 as of 4 p.m. ET.

Royal has a market cap of $3.98 billion and is part of the basic materials sector and metals & mining industry. Shares are up 10.9% year to date as of the close of trading on Friday.

Royal Gold, Inc., together with its subsidiaries, engages in the acquisition and management of precious metal royalties. It owns royalty interests in various producing, development, evaluation, and exploration stage projects that explore for gold, silver, copper, lead, and zinc metals. The company has a P/E ratio of 41, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Royal as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Royal Ratings Report.

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