2023-03-12 01:44:10 ET
Summary
- Royal Gold is one of the few precious metals names in positive territory this year after the GDX has reversed sharply to negative year-to-date returns.
- The outperformance can be attributed to its superior business model to producers with increased diversification and insulation from rising operating costs/capital costs that have weighed on producers.
- The company had a busy year where it invested the most since 2015 and its portfolio is better for it, with increased diversification and higher exposure to Tier-1 jurisdictions.
- However, while I see RGLD stock as a solid buy-the-dip candidate & one of the better ways to get gold/silver exposure, the ideal buy zone for the stock looks to be $100.00.
For further details see:
Royal Gold: Key Royalty Additions Overshadowed By Weak Metals Prices