Why Shares of Royal Gold Rose 7% in August

Shares of precious metals streamer Royal Gold (NASDAQ: RGLD) rose 7% in August according to S&P Market Intelligence. Although the company's fourth-quarter net income of $0.31 per share missed analysts' consensus estimate of $0.33 per share, investors were unfazed, focusing instead on the bright spots in the report. The royalty and streaming company, whose fiscal year ended June 30, also earned a gold star from investors for its 2017 performance.

To say that Royal Gold's quarterly and full-year performances were strong would be quite the understatement. For one, the company reported a 16%-year-over-year increase in revenue, which it credited to to higher royalty volume principally from Penasquito, increased silver sales from Pueblo Viejo and greater gold sales from Wassa and Prestea. This, in turn, contributed to record revenue of $441 million for fiscal 2017, an annual increase of 23%.

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Source: Fool.com