Royal Gold's Impressive Dividend History
Royal Gold, Inc (NASDAQ: RGLD) is a precious metals company, but it does not mine for gold or silver. What it does is called streaming, and it makes Royal Gold more like a specialty finance company that gets paid in gold and silver. I'll explain that in a little more detail, and then explain how that's helped Royal Gold create a very impressive dividend history -- one that a miner would have a hard time replicating.
A miner looks for a location with ample gold and silver. It then builds a mine to dig the precious metals out of the ground, process them, and eventually, sell them. It's an expensive process with a lot of moving parts. Royal Gold doesn't do that. Instead, it provides miners with cash up front for the right to buy gold and silver in the future at a reduced cost. This is called streaming.
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Royal Gold Inc. Stock
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 147 € shows a slightly positive potential of 14.84% compared to the current price of 128.0 € for Royal Gold Inc..
