Royal Gold: No Longer A Bargain (Rating Downgrade)

IWA Research2.67K FollowersFollow5ShareSavePlay(9min)CommentsSummaryRoyal Gold is downgraded to Hold as shares now reflect fair value after a 34% rally since the last Buy rating.RGLD completed a transformative year, with a strong project pipeline and a 5-year GEO outlook rising significantly.Despite robust fundamentals and rapid debt repayment, macro uncertainty and current valuation limit near-term upside for RGLD.Long-term repricing potential for gold remains, but better risk-reward opportunities exist elsewhere in the current market environment.pryzmat/iStock via Getty Images Introduction Last time I covered Royal Gold (RGLD), I highlighted their strong fundamentals and solid project pipeline that should fuel their long-term growth, standing to benefit from their focus on gold in a potential ageThis article was written byIWA Research2.67K FollowersFollowI've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.