| Royal Gold trades see end to slide | |
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Royal Gold dropped sharply on poor quarterly results yesterday, but traders apparently believe that further losses will be limited.
More than 2,200 December 37.50 puts were sold for $1 to $1.30 yesterday, according to optionMONSTER's tracking systems. These are clearly new positions, as open interest in the strike was just 1 contract before the trades appeared.
The traders collect the premium from the option sales and are looking for RGLD to stay above $37.50 through expiration in mid-December. If the stock falls below that strike price, these put sellers will be on the hook to buy shares at that level. Investors sometimes sell puts this way in hopes of picking up a stock at an effective discount to existing levels. (See our Coaching section)
RGLD plunged 14.27 percent yesterday to close at $40.26. The Denver-based precious-metals company gapped down from about $47 at the open after missing earnings and revenue estimates.
Total option volume in the name topped 10,700 yesterday, more than 8 times its daily average for the last month.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
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CODE : RGLD |
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ISIN : US7802871084 |
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ProfileMarket
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Asset profileContact Cpy |
Royal Gold is based in United states of america. Royal Gold produces gold, copper, lead, silver and zinc in Argentina, in Bolivia, in Burkina Faso, in Canada, in Chile, in Guinea, in Mexico, in Nicaragua and in USA, develops copper, gold, lead, silver and zinc in Australia, in Burkina Faso, in Canada and in Chile, and holds various exploration projects in Argentina, in Bulgaria, in Canada and in Finland. Its main assets in production are BALD MOUNTAIN in USA, LIMON, LEEVILLE MINING COMPLEX and GOLDSTRIKE OPEN PIT in Nicaragua, DON MARIO (CERRO PELADO) and ROBINSON (NEVADA) in Bolivia, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA and GOLDSTRIKE UNDERGROUND in Mexico, SIGUIRI in Guinea, TAPARKO in Burkina Faso, MARTHA MINE in Argentina, ANDACOLLO HYPOGENE, TOQUI and ANDACOLLO in Chile and WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX and TROY in Canada, its main assets in development are GOLD HILL and PASCUA LAMA in Chile, HOLT MINE & MILL and PINE COVE (MINGS BIGHT) in Canada, BALCOOMA in Australia and BOUROUM in Burkina Faso and its main exploration properties are CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) and CAMP BIRD MINE in Canada. Royal Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 6.6 billions as of today (€ 6.2 billions). Its stock quote reached its lowest recent point on February 28, 1992 at 0.03, and its highest recent level on November 13, 2024 at 139.69. Royal Gold has 47 442 200 shares outstanding. |