12 Most Promising Gold Stocks According to Hedge Funds

7. Royal Gold, Inc. (NASDAQ:RGLD) 

Number of Hedge Fund Investors: 30

Royal Gold, Inc. (NASDAQ:RGLD) is a leading precious metals royalty and streaming company, with a diverse portfolio of high-quality assets across North America, South America, and other key mining regions. The company was founded in 1981 and is headquartered in Denver, Colorado.

Royal Gold, Inc. (NASDAQ:RGLD) is actively pursuing new opportunities to expand its portfolio. The rising gold price environment has brought forward a number of attractive projects, and the company is well-positioned to capitalize on these opportunities due to its strong balance sheet and liquidity. As of September 30, Royal Gold, Inc. (NASDAQ:RGLD) is debt-free and has a $1 billion revolving credit facility combined with approximately $160 million of working capital, which makes up approximately $1.16 billion in available liquidity. This financial strength allows the company to be highly competitive in the market for new royalty and streaming agreements, particularly in safe jurisdictions and with quality counterparties.

Royal Gold, Inc. (NASDAQ:RGLD) is also focused on several key strategies to drive continued growth and value creation. One of the primary areas of focus is the organic expansion of its existing portfolio. The company is working closely with operators such as Newmont at Penasquito and Kinross at Great Bear to optimize production and extend mine life. These initiatives are expected to contribute significantly to the company’s revenue and cash flow in the coming years.