Royal Gold (NASDAQ:RGLD) : Traders are bullish on Royal Gold (NASDAQ:RGLD) as it has outperformed the S&P 500 by a wide margin of 23.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.17% in the last 1 week, and is up 25.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 33.40% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $82.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $65.37 and the 200 Day Moving Average price is recorded at $50.66.
The stock has recorded a 20-day Moving Average of 18.54% and the 50-Day Moving Average is 31.22%.
Royal Gold (NASDAQ:RGLD): stock turned positive on Friday. Though the stock opened at $79.25, the bulls momentum made the stock top out at $82.49 level for the day. The stock recorded a low of $78.56 and closed the trading day at $82.04, in the green by 3.38%. The total traded volume for the day was 1,186,205. The stock had closed at $79.36 in the previous days trading.
In an insider trading activity, Kirchhoff Bruce Christopher, officer (VP, GC and Corp Secretary) of Royal Gold Inc, unloaded 3,333 shares at an average price of $66.19 on June 22, 2016. The total amount of the transaction was worth $220,611, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.