Here's Why the Best Is Yet to Come for Royal Gold, Inc.
Royal Gold (NASDAQ: RGLD) stock keeps heading higher and higher -- with good reason. The company's growth investments are starting to pay off in a big way, leading to record revenue, operating cash flow, and dividends. Shareholders have been rewarded with some of the best returns of any gold stock, including a 220% return since early 2016.
Returns like that may have some investors wondering if it's too late to enjoy the company's growth. After all, precious metal stocks don't tend to perform well against the S&P 500 over long periods of time, so maybe the window for this streaming company has already closed. While you probably shouldn't expect triple-digit returns in the near-term, there are good reasons to believe the best is yet to come for Royal Gold stock.
Blue skies are ahead. Image source: Getty Images.
Source: Fool.com
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