The gold company has seen eight negative revisions in the past one month, while its Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Royal Gold currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the broader basic material sector may consider better-ranked stocks like Green Plains Inc. (GPRE), Solitario Exploration & Royalty Corp. (XPL) and Limoneira Company (LMNR), each carrying a Zacks Rank #1 (Strong Buy).
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