A Glimpse into Royal Gold and Alpha Natural Resources Before Earnings

Royal Gold, Inc. (NASDAQ:RGLD) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 44 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 47 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 46 cents during the last month. Analysts are projecting profit to rise by 65.1% versus last year to $2.13.

The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 39 cents per share against an estimate of profit of 40 cents per share. The quarter before that, it missed forecasts by 4 cents. Analysts are projecting a rise of 37% in revenue from the year-earlier quarter to $62.1 million.

Competitors to Watch: Newmont Mining Corporation (NYSE:NEM), U.S. Gold Corporation (NYSE:UXG), Allied Nevada Gold Corp. (AMEX:ANV), Barrick Gold Corp. (NYSE:ABX), Coeur d’Alene Mines Corp. (NYSE:CDE), Rio Tinto plc (NYSE:RIO), Vista Gold Corp. (AMEX:VGZ), and Paramount Gold and Silver Corp. (AMEX:PZG).

Alpha Natural Resources, Inc. (NYSE:ANR) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 18 cents per share, a decline of 69% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.25. Between one and three months ago, the average estimate moved down. It also has dropped from 27 cents during the last month. Analysts are projecting profit to rise by 10.1% versus last year to $1.95.

The company has missed estimates in the last two quarters. In the second quarter, it missed the mark by 15 cents as a result of reporting profit of 96 cents against an estimate of net income of $1.11 per share. In the first quarter, the company fell short of forecasts by 25 cents. Analysts are projecting a rise of more than twofold in revenue from the year-earlier quarter to $2.07 billion.

Competitors to Watch: Massey Energy Company (NYSE:MEE), Peabody Energy Corporation (NYSE:BTU), Arch Coal, Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX), Intl. Coal Group, Inc. (NYSE:ICO), CONSOL Energy Inc. (NYSE:CNX), Oxford Resource Partners, LP (NYSE:OXF), Alliance Resource Partners, L.P. (NASDAQ:ARLP), Alliance Holdings GP, L.P. (NASDAQ:AHGP), and Westmoreland Coal Company (AMEX:WLB).