Will 2018 Be Royal Gold, Inc.'s Best Year Yet?

Royal Gold (NASDAQ: RGLD) turned in its best year yet in fiscal 2017. The leading gold-stock achieved record levels of revenue, net income, and operating cash flow for a full-year period, thanks to a business model that generates high-margin revenue from owning interests in gold and silver mines around the globe, but not the mines themselves.

Wall Street is loving the performance. The stock is trading near all-time highs. The annual dividend payout was recently increased. It's certainly a good time to be Royal Gold shareholder. But don't make the mistake of thinking things couldn't get even better.

Given the recent start-up of a massive gold and silver mine in Canada, it's not completely out of the question that Royal Gold turns in its best year yet in 2018. Topping last year's epic performance will be a little more difficult after a sluggish fiscal first quarter, but the bar can still be cleared.

Source: Fool.com