American Century Companies Trims Stake in Royal Gold

Investment firm reduces holdings in precious metals company by over 26%

Published on Mar. 8, 2026

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American Century Companies Inc. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) by 26.2% in the 3rd quarter, according to the company's recent SEC filing. The firm now owns 177,483 shares of the basic materials company's stock, down from 240,423 shares previously.

Why it matters

Royal Gold is a leading precious metals streaming and royalty company, providing upfront financing to mining operators in exchange for a percentage of future metal production. This transaction reflects broader shifts in investor sentiment and portfolio allocations within the mining and metals sector.

The details

American Century Companies sold 62,940 shares of Royal Gold stock during the quarter, reducing its overall stake in the company to approximately 0.27%. The move comes as Royal Gold's share price has fluctuated in recent months, reaching a 52-week high of $306.25 in February 2026 before pulling back.

  • The share sale occurred in the 3rd quarter of 2025.

The players

American Century Companies Inc.

A global investment management firm based in Kansas City, Missouri that oversees over $300 billion in assets.

Royal Gold, Inc.

A precious metals streaming and royalty company headquartered in Denver, Colorado that provides financing to mining operators.

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The takeaway

This transaction reflects broader shifts in investor sentiment towards the mining and metals sector, as firms like American Century Companies rebalance their portfolios in response to market conditions and outlook. It also highlights the unique business model of Royal Gold, which aims to provide stable returns to shareholders through its streaming and royalty agreements.