Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Royal Gold (Nasdaq: RGLD) hit a new 52-week high Friday as it is currently trading at $93.52, above its previous 52-week high of $91.89 with 41,390 shares traded as of 9:35 a.m. ET. Average volume has been 689,600 shares over the past 30 days. Royal has a market cap of $5.12 billion and is part of the basic materials sector and metals & mining industry. Shares are up 29% year to date as of the close of trading on Thursday. Royal Gold, Inc., together with its subsidiaries, engages in the acquisition and management of precious metals royalties and similar production based interests. The company has a P/E ratio of 54, 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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