Earnings Estimates Moving Higher for Royal Gold (RGLD): Time to Buy?

Core Viewpoint - Royal Gold (RGLD) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about Royal Gold's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $1.37 per share, reflecting a year-over-year increase of +50.55% [5]. - For the full year, the earnings estimate stands at $6.68 per share, indicating a +27% change from the previous year [6]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Royal Gold has increased by 8.11% for the current quarter, with two estimates raised and no negative revisions [5]. - For the current year, the consensus estimate has risen by 8.23%, supported by three upward revisions and no negative changes [7]. Zacks Rank - Royal Gold currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions [8]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - The stock has gained 18.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].