Core Viewpoint - Royal Gold (RGLD) shares have recently declined by 10.6% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - A hammer chart pattern indicates a potential bottom and exhaustion of selling pressure, which may lead to a trend reversal [2][5]. - The hammer pattern is characterized by a small candle body with a long lower wick, suggesting that buying interest has emerged after a downtrend [4][5]. - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators [6]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for RGLD, which is a bullish indicator suggesting potential price appreciation [7]. - The consensus EPS estimate for the current year has increased by 4.4% over the last 30 days, indicating analysts' agreement on improved earnings potential [8]. - RGLD holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Viewpoint - OR Royalties Inc. has successfully amended its revolving credit facility, increasing its total availability to $850 million and converting it to a U.S. dollar denominated facility, reflecting confidence in its long-term growth prospects [1][2][4]. Credit Facility Details - The amended Credit Facility provides access to $650 million with an additional uncommitted accordion of up to $200 million, totaling $850 million, compared to the previous maximum of C$550 million [2]. - Advances under the amended Credit Facility will incur interest at the Secured Overnight Financing Rate (SOFR) or Canadian Overnight Repo Rate Average (CORRA) plus 1.45% to 2.75% per annum, based on the Company's leverage ratio, consistent with the previous agreement [3]. - The Credit Facility has a term of four years, maturing on May 30, 2029 [3]. Management Commentary - The President & CEO of OR Royalties emphasized that the expansion of the Credit Facility highlights the strength of the asset portfolio and positions the company well for strategic growth opportunities [4]. - The company has achieved a positive net cash position due to robust operating cash flows and disciplined capital allocation, reinforcing its financial foundation [4]. Acquisition Update - OR Royalties holds 4,000,000 shares of MAC Copper, valued at $49.0 million under a binding acquisition agreement with Harmony Gold Mining Company, expected to strengthen OR Royalties' balance sheet upon closing [5]. Company Overview - OR Royalties Inc. is an intermediate precious metal royalty company with a North American portfolio of over 195 royalties, streams, and precious metal offtakes, including 21 producing assets, anchored by a significant net smelter return royalty on the Canadian Malartic Complex [6].

Royal Gold (RGLD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...