Royal Gold Shares Sold by Canoe Financial LP

Institutional investor reduces stake in precious metals company

Mar. 29, 2026 at 8:44am

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Canoe Financial LP has reduced its stake in Royal Gold, Inc. (NASDAQ:RGLD, TSE:RGL) by 49.3% during the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 6,210 shares of the basic materials company's stock, down from 12,241 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 highlights shifting investment strategies among institutional investors in the precious metals sector.

The details

Canoe Financial LP sold 6,031 shares of Royal Gold during the fourth quarter, reducing its total stake to 6,210 shares worth approximately $1.38 million. The firm cited portfolio rebalancing and changing market conditions as reasons for the reduced position.

  • Canoe Financial LP filed its 13F report for the fourth quarter on March 29, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

Canoe Financial LP

An investment management firm that has reduced its stake in Royal Gold, Inc.

Royal Gold, Inc.

A leading precious metals streaming and royalty company based in Denver, Colorado.

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What they’re saying

“We must continue to monitor shifting investment trends in the precious metals space as the market evolves.”

— Analyst

What’s next

Investors will be watching to see if other institutional holders make similar moves with their Royal Gold positions in the coming quarters.

The takeaway

This transaction highlights the dynamic nature of the precious metals investment landscape, as institutional investors adjust their portfolios in response to changing market conditions.