Royal Gold Inc | RGLD

Daily Technical Analysis of Royal Gold Inc

Royal Gold is only slightly up on the day, shares traded 0.55% higher on the day.

Currently RGLD isn't at a clear support/resistance line that seems tradable. RGLD hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. RGLD might find some support at the 107.75 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Royal Gold By Price Target And Rating

The analysts are pretty neutral on Royal Gold right now, so not much useful information here. The current Analysts Sentiment Score is 4.34. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BMO Capital Markets upgraded from Market Perform to Outperform on 2024-03-27 and also increased their price target by 6.76% to $158.00. Jefferies Financial Group initiated a rating of Hold on 2024-02-29 and provided a price target of $117.00. On 2024-02-15 there was an upgrade provided by National Bank Financial from Sector Perform to Outperform. Cantor Fitzgerald released a downgrade on 2024-02-15 from Overweight to Neutral. TD Securities announced a lowering of their price target to $155.00 from $175.00 on 2023-11-02. Raymond James announced a lowering of their price target to $157.00 from $161.00 on 2023-10-02. On 2023-07-07 Barclays increased their price target by 1.64% to $124.00. Bank of America released a downgrade on 2023-06-05 from Neutral to Underperform and added a price target of $130.00. National Bankshares announced a lowering of their price target to $160.00 from $165.00 on 2023-05-05.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
RGLD	4.34	11.18	-4.6	2.53	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-27)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
RGLD	0.00	0.00

Short interest for Royal Gold

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
RGLD	5.15	%3.8	6.6	-2.112	2460000

How Royal Gold compares to the broader Basic Materials sector and the more specific Metals & Mining industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Metals & Mining Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	24	0.30	2.23	-3.83	12.94	-0.01	37.36	34.50	4.02	13.16	19.57	-11261.51	-8528.05	0.00	34.38	4.85	3.60
Basic Materials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	128	0.89	3.00	3.44	8.23	3.57	25.14	51.62	13.22	6.86	11.19	-11593.11	-12597.97	10.94	10.74	3.78	2.08

Social Sentiment for Royal Gold

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
RGLD

Companies with the highest correlation to Royal Gold

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
WPM \| Wheaton Precious Metals C	1.57	0.52	4.78	-3.97	3.24	11.05	34.45	23	8.91	53.73	45.61	-2923.20	179.03	125	7.2714
GOLD \| Barrick Gold Corp.	1.49	0.55	5.93	-8.81	-9.76	4.47	12.26	5	2.89	5.49	19.56	-7303.14	-3992.19	150	2.50877
SAND \| Sandstorm Gold Ltd	1.36	0.86	5.60	-3.62	-0.17	-0.17	21.37	15	5.42	9.53	21.50	-7909.54	-215.21	0	3.32634
AEM \| Agnico Eagle Mines Ltd.	1.27	0.87	5.39	-2.84	3.47	22.30	69.21	15	13.05	62.10	59.18	-2968.45	178.02	125	2.13615
SSRM \| SSR Mining Inc.	1.22	-1.34	4.97	-6.86	13.87	10.26	-47.79	31	-8.55	-12.21	-9.90	-2595.65	-177.53	0	4.72171
PAAS \| Pan American Silver Corp.	1.22	-1.44	-0.53	-7.61	11.73	-0.27	52.67	29	12.29	55.40	37.04	-2152.19	-16419.39	0	10.755
SA \| Seabridge Gold, Inc.	1.2	0.00	2.72	-18.83	-14.11	-4.97	29.42	9	7.51	12.42	27.48	-9038.68	-122.21	0	6.49592
NEM \| Newmont Corporation	1.19	0.14	2.41	-10.30	-18.75	2.31	15.40	14	2.72	6.38	24.28	-8005.46	-4965.10	150	4.40693

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