One of today's stocks on the move is Royal Gold (NASDAQ:RGLD), down 1.6% to $78.78. The S&P is currently trading 0.4% lower to 1,412 and the Dow Jones Industrial Average is trading 0.5% lower to 13,035.
Royal Gold, Inc. is a United States-based precious metals royalty company that invests in public companies that hold and manage royalties on precious metals properties. The Company holds investments in a number of properties located in the United States, Argentina, Greece, and Bulgaria.
Over the past year, Royal Gold has traded in a range of $55.00 to $100.84 and is now at $78.78, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.2%.
Potential upside of 23.2% exists for Royal Gold, based on a current level of $78.78 and analysts' average consensus price target of $97.06. The stock should hit resistance at its 50-day moving average (MA) of $83.68, as well as support at its 200-day MA of $77.48.