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Royal Gold Inc: The Winning Streak Continues (RGLD)

By James Quinn

Shares of Royal Gold Inc (NASDAQ:RGLD) traded today at $113.88, breaking its 52-week high. Approximately 60,000 shares have changed hands today, as compared to an average 30-day volume of 449,000 shares.

In the past 52 weeks, shares of Royal Gold Inc have traded between a low of $70.16 and a high of $113.88 and are now at $113.00, which is 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.9%.

Royal Gold Inc (NASDAQ:RGLD) defies analysts with a current price ($113.00) 15.0% above its average consensus price target of $96.04. The stock should discover initial support at its 50-day moving average (MA) of $94.62 and subsequent support at its 200-day MA of $86.08.

Royal Gold, Inc. acquires and manages precious metals royalties. The Company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold's gold-focused portfolio contains royalties ranging from those in production and development to those in the evaluation and exploration stages.

SmarTrend recommended that subscribers consider buying shares of Royal Gold Inc on May 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.25. Since that recommendation, shares of Royal Gold Inc have risen 31.5%. We continue to monitor RGLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows royal gold inc

Ticker(s): RGLD