NEW YORK (TheStreet) — Royal Gold (Nasdaq:RGLD) hit a new 52-week high Thursday as it is currently trading at $61.87, above its previous 52-week high of $61.54 with 86,141 shares traded as of 10:07 a.m. ET. Average volume has been 567,600 shares over the past 30 days.
Royal has a market cap of $3.2 billion and is part of the basic materials sector and metals & mining industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.
Royal Gold, Inc., together with its subsidiaries, acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals. The company has a P/E ratio of 93.6, above the average metals & mining industry P/E ratio of 92.1 and above the S&P 500 P/E ratio of 16.9.
