E Royalty Stocks: 14 Precious Metals "Miners" That Don't Mine

Beta definition: Beta helps determine the responsiveness of a stock's price to changes in the overall stock market and, therefore, its openness to market risk.

  • A positive beta value indicates that a stock generally moves in the same direction with that of the market.
  • A negative beta value indicates that a stock generally moves in the opposite direction with that of the market, i.e. is less volatile than the market in general.
  • A stock beta value helps the investor to decide whether he wants to go for the riskier stock that is highly correlated with the market (beta above 1), or with a less volatile one (beta below 1).
    • For example, if a stock's beta value is 1.3, it means that, theoretically, this stock is 30% more volatile than the market.
    • Therefore, by multiplying the beta value of a stock with the expected movement of an index, the expected change in the value of the stock can be determined. For example, if beta is 1.3 and the market is expected to move up by 10%, then the stock should move up by 13% (1.3 x 10).

There you have it but which R&S company or companies you wish to invest in depends on your own due diligence. That being said, below are the best performers in each of the categories highlighted above:

  1. Largest market cap: Franco-Nevada ($24B) & Wheaton ($17B)
  2. Greatest stock appreciation YTD: Nomad (967%) & Metalla (+63%)
  3. Best beta: Nomad (-3.2) & Maverix (0.21)
  4. Biggest dividend yield: Nomad (1.6%) & Osisko (1.4%)
  5. Largest number of purchase agreements with producing mines: Franco-Nevada (48); Sandstorm (24)
  6. Largest number of total purchase agreements: EMX (116) & Maverix (100).
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