Not All Is Lost : Royal Gold, Inc. (RGLD), Southern Copper Corporation (SCCO)

The stocks of Royal Gold, Inc. (NASDAQ:RGLD) has been Downgraded as a Neutral from Buy by B. Riley FBR in its latest research note that was published on October 31. The stock also received a Sector Outperform to Neutral rating from CIBC. This was contained in a research note published by the firm on August 02. The stock received a Outperform to Mkt Perform rating in Raymond James’s research note that was published on July 16.

Royal’s stock is covered by 13 analysts, with none of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 10 of them have rated it as a Hold while 2 of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that RGLD has an average analyst rating of Hold.

Royal Gold, Inc., which has current market capitalization of above $8 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $116 Million in revenue, which saw a quarterly growth rate of -0.47 percent. During that quarter of the year, Royal also recorded $0.6 earnings per share (EPS) which is $0.02 above the $0.58 estimated by the analysts, leading to a surprise factor of 3.45%.

RGLD surged by $5.19 during the normal trading session on Thursday and reaching a high of $114.67 during the day while it closed the day at $113.75. The Royal stock had a low trading volume of 1.30 million shares on that day, which is low compared to the average daily volume of 639.73M shares. RGLD has also lost 1.46% of its value over the past 7 days. However, the stock has declined by 11.84% in the 3 months of the year. Over the past six months meanwhile, it has gained 37.18% while it has added 32.81% year-on date.

Shares in Southern Copper Corporation (NYSE:SCCO) jumped over 1.16 percent on Thursday. The company’s stock began trading at $37.37 above the previous closing price of $36.94, and finished the day at $38.02. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -1.45% from its 3 months high price. However, taking another look at SCCO will indicate that it is trading +29.36% away from its 90-day low. Looking at the bigger picture, the Southern Copper Corporation stock has dropped by -10.37% from its 52-week high while it has surged by +31.06% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that SCCO stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Southern has a 20-day average volume of 803920 shares. This has led to the SCCO price forecast being placed as a 100%Buy on an average basis. In the medium term, however, the SCCO stock has its 50-Day average volume of 755842 shares, with the indicators also rating it as a 50%Sell. Finally, in the long-term, the SCCO stocks have a 100-Day average volume of 794229 shares, with the long-term indicators rating the stock as just : 50%Buy. Looking at the three indicators, the SCCO stock has been set on a 0.4 Buy rating.

Southern has around 2 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Billion. The Southern stock is bringing in revenue of over 12 months, which is roughly 7 Billion. Despite all that, Southern Copper Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 5.92%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 92.86%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 89.06%. Over the past 20 days, Southern’s Stochastic %K stood at 84.2% while its Stochastic %D was revealed to be 89.34%.