11 Best Gold Stocks for Inflation

5. Royal Gold, Inc. (NASDAQ:RGLD)

Number of Hedge Fund Holders: 35

Dividend Yield: 1.24%

Focused primarily on gold, Royal Gold, Inc. (NASDAQ:RGLD) is a Denver-based precious metal streaming and royalty company. The company does not operate directly in mining; rather, it earns revenue through royalties and streaming.

In the third quarter ended September 30, 2024, the free cash flow of Royal Gold, Inc. (NASDAQ:RGLD) increased year-over-year by 35.78%, strengthening the company’s ability to generate high returns without taking on debt. Royal Gold also paid out a quarterly dividend of $0.40 per share, which is 7% higher on an annual basis. The impressive 1.24% dividend yield, along with bright prospects for gold, is a testament to its high ranking among the best gold stocks. What strengthens the company’s case even further is its debt-free status, as it paid the final $50 million due on its revolving credit facility and now has $1.1 billion in available liquidity.

Looking ahead, Royal Gold, Inc. (NASDAQ:RGLD) has projected its revenue to grow on the back of increased production from major assets, namely, Cote Gold, and also the new projects that will be initiated during the year. The company eyes gold production to remain somewhere around the midpoint of the 215,000-230,000 ounces guidance range. The increased revenue, coupled with strong liquidity, has made Royal Gold an attractive investment option to capitalize on rising gold prices and inflationary pressure.