NEW YORK (

TheStreet

) --

Royal Gold

(Nasdaq:

RGLD

) hit a new 52-week high Monday as it is currently trading at $71.48, above its previous 52-week high of $70.86 with 94,950 shares traded as of 9:43 a.m. ET. Average volume has been 700,500 shares over the past 30 days.

Royal has a market cap of $3.7 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 28.1% year to date as of the close of trading on Friday.

Royal Gold, Inc., together with its subsidiaries, acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals. The company has a P/E ratio of 52.9, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Royal as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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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