NEW YORK (
) -TheStreet Ratings' stock model upgraded
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
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
. 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.
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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.