Royal Gold saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 78 to 81.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.
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Royal Gold is working on a flat base with a 155.10 entry. See if it can clear the breakout price in heavy trade.
Regarding top and bottom line numbers, Royal Gold has posted rising EPS growth in each of the last two reports. Sales growth has also increased during the same period.
Royal Gold earns the No. 8 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
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