State Street Corp Updates Passive Stake in Royal Gold Inc

Ticker: RGLD · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, form-13g

TL;DR

**State Street still owns a big chunk of Royal Gold, but they're just holding, not trying to run the show.**

AI Summary

State Street Corp, a major financial institution, filed an amended Schedule 13G/A on January 29, 2024, indicating its ownership of Royal Gold Inc's common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, though passive, stake in the mineral royalty company. This matters to investors because State Street's large holding suggests institutional confidence in Royal Gold, but as a passive investor, they aren't looking to influence company management.

Why It Matters

This filing confirms State Street Corp's ongoing substantial, yet passive, investment in Royal Gold Inc, signaling institutional endorsement without any intent to control the company.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to Royal Gold shareholders.

Analyst Insight

Investors should view this as a routine disclosure of institutional ownership, confirming State Street's continued passive stake in Royal Gold Inc. It doesn't signal any immediate buying or selling pressure, nor does it suggest any strategic changes for Royal Gold. It simply reinforces that a major institution sees value in holding the stock.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it generally mean?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that an institutional investor, in this case, State Street Corp, owns a significant stake (typically 5% or more) in a company's stock, but holds it for investment purposes only, without the intent to influence or control management.

Who is the reporting person in this filing?

The reporting person, or the entity filing this statement, is State Street Corp, a financial institution based in Boston, MA.

Which company's stock is the subject of this filing?

The subject company is Royal Gold Inc, a mineral royalty trader based in Denver, CO, with CIK 0000085535.

What was the 'Date of Event Which Requires Filing of This Statement'?

The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the filing.

Under which SEC rule was this Schedule 13G filed?

This Schedule 13G/A was filed under Rule 13D-1(B), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0000093751-24-000335.txt : 20240129 0000093751-24-000335.hdr.sgml : 20240129 20240129115006 ACCESSION NUMBER: 0000093751-24-000335 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ROYAL GOLD INC CENTRAL INDEX KEY: 0000085535 STANDARD INDUSTRIAL CLASSIFICATION: MINERAL ROYALTY TRADERS [6795] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 840835164 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38460 FILM NUMBER: 24571794 BUSINESS ADDRESS: STREET 1: 1144 15TH STREET STREET 2: SUITE 2500 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 303-573-1660 MAIL ADDRESS: STREET 1: 1144 15TH STREET STREET 2: SUITE 2500 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL GOLD INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL RESOURCES CORP DATE OF NAME CHANGE: 19870517 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL RESOURCES EXPLORATION INC DATE OF NAME CHANGE: 19810716 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Royal_Gold_Inc.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING ROYAL GOLD INC (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 780287108 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:780287108 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 3,443,384 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 3,658,677 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,660,877 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.57% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 780287108 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER ROYAL GOLD INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 1144 15TH STREET SUITE 2500 DENVER CO 80202 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OF

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