#6 - Royal Gold (NASDAQ:RGLD)
With a market cap of just over $8 billion, Royal Gold, Inc. (NASDAQ: RGLD) is the mid-cap stock on this list of gold stocks. And you’ll begin to notice a theme because like the prior two stocks, Royal Gold has a streaming business model that offers investors more predictability regarding revenue and earnings.
The company operates over 180 properties in twelve countries. And 73% of Royal Gold’s revenue comes from gold. One area where Royal Gold stands out is its commitment to delivering sharholder value. The company doesn’t offer a particularly impressive dividend yield at 1.17%. However, it’s managed to raise its dividend for the last 21 consecutive years. That’s an impressive testament to the resiliency of the company’s business model.
And analysts tracked by MarketBeat give the stock a $140 price target which is a 9.6% increase from the RGLD stock price as of this writing.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.
Read More - Current Price
- $133.81
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $165.43 (23.6% Upside)
