Royal Gold saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 78 to 82.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest runs.
Royal Gold is within a buying range after breaking past a 191.78 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
The company showed 45% EPS growth last quarter, while sales growth came in at 20%.
The company earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold and AngloGold Ashanti are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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