Gold Hits New High: 3 Stocks Investors Should Watch

Market Overview - The stock market may not always align with the economic realities of the United States, presenting opportunities for savvy investors to capitalize on discrepancies [1] Gold Mining Sector - Gold mining stocks are gaining attention as gold prices have reached an all-time high, reminiscent of the inflationary periods of the 1970s [2] - Key stocks in the VanEck Gold Miners ETF include Osisko Gold Royalties, Triple Flag Precious Metals, and Royal Gold [2] Osisko Gold Royalties (OR) - Osisko stock is currently priced at $18.20, reflecting a 1.68% increase, with a 52-week range of $11.24 to $18.30 and a dividend yield of 1.04% [3] - The stock has rallied 28% over the past six months, outperforming the S&P 500's 18.3% return during the same period [4] - Osisko trades at a price-to-sales (P/S) ratio of 18.3x, which is a 42.9% premium over the industry average of 12.8x [5] - Institutional investment in Osisko has increased by 3.7% in the past quarter, totaling $345 million, leading to a 16.8% drop in short interest [9][10] Triple Flag Precious Metals (TFPM) - TFPM is currently priced at $16.21, with a P/E ratio of 85.32, indicating a 211% premium over the industry average of 27.7x [7][11] - Analysts at Jefferies Financial Group have raised the price target for TFPM to $20, suggesting a potential upside [6] - Short interest for TFPM has decreased by 11.3% recently, allowing for increased institutional investment [19] Royal Gold (RGLD) - Royal Gold is priced at $139.58, with a P/E ratio of 41.17, which is approximately 49% above the industry average [13][22] - Analysts project a 26.5% EPS growth for Royal Gold, higher than the forecasts for Osisko and TFPM [21] - Institutional investments in Royal Gold have also increased, with VanEck boosting its stake by 6.8% to a total of $559.8 million [14]