Shares of Royal Gold (RGLD) Sees Large Outflow of Money

Royal Gold (RGLD) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.92 million) and the uptick to downtick ratio was 0.75. The transaction value on upticks was $33.14 million and on downticks, the transaction value was $44.06 million. The transaction value of block trades during downticks was $13.39 million. The money flow was negative ($13.39 million), indicating the traders were booking profit on the price strength. Royal Gold (RGLD) rose $1.11 at $79.36, during intraday Thursday , a rise of 1.42% over the previous days close.


Royal Gold (RGLD) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $53. The average forecast of all the analysts is $66.38 and the expected standard deviation is $9.64. The stock has recorded a 20-day Moving Average of 15.86% and the 50-Day Moving Average is 27.84%.

Royal Gold (NASDAQ:RGLD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.92 and $77.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.36, notching a gain of 1.42% for the day. The total traded volume was 1,770,811 . The stock had closed at $78.25 on the previous day.

Royal Gold, Inc. (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30, 2015, the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties, 22 development-stage properties and 135 exploration-stage properties. The Companys principal producing properties include Andacollo, Cortez, Holt, Mount Milligan, Mulatos, Penasquito, Robinson Mine, Voiseys Bay, and Wassa, Bogoso and Prestea. The Companys principal development-stage properties include Pascua-Lama project and Phoenix Gold.

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