First Eagle Amends Royal Gold Stake Disclosure

TL;DR

**First Eagle updated its Royal Gold stake, showing continued institutional interest.**

AI Summary

First Eagle Investment Management, LLC filed an amended SC 13G/A on February 8, 2024, indicating their ownership of Royal Gold Inc. common shares as of December 31, 2023. This filing is an amendment (Amendment No. 2) to their previous disclosures, filed under Rule 13d-1(b). This matters to investors because it updates the public on a significant institutional investor's stake in Royal Gold, potentially signaling their continued confidence or a change in their investment position.

Why It Matters

This filing updates the public on a major institutional investor's holdings in Royal Gold, providing transparency on significant ownership positions.

Risk Assessment

Risk Level: low — This is a routine amendment from an institutional investor, not indicating any immediate negative or positive risk.

Analyst Insight

Investors should note that a significant institutional investor, First Eagle Investment Management, LLC, continues to hold a position in Royal Gold Inc. This filing itself doesn't indicate a change in their stake, but rather an update to their disclosure. Investors should monitor future filings for any significant increases or decreases in their reported ownership percentage.

Key Players & Entities

• First Eagle Investment Management, LLC (company) — the entity filing the SC 13G/A
• Royal Gold Inc. (company) — the issuer whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 8, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001325447-24-000014.txt : 20240208 0001325447-24-000014.hdr.sgml : 20240208 20240208151719 ACCESSION NUMBER: 0001325447-24-000014 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 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: 24608641 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: First Eagle Investment Management, LLC CENTRAL INDEX KEY: 0001325447 ORGANIZATION NAME: IRS NUMBER: 571156902 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-698-3300 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: Arnhold & S. Bleichroeder Advisers, LLC DATE OF NAME CHANGE: 20050429 SC 13G/A 1 rgld12312313ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2) (RULE 13d-102) Information to be included in statements filed pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto filed pursuant to Rule 13d-2 (b). Royal Gold Inc. (Name of Issuer) Common shares (Title of Class of Securities) 780287108 (CUSIP/SEDOL Number) December 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). SCHEDULE 13G/A Issuer: Royal Gold Inc. CUSIP No.: 780287108 1 NAMES OF REPORTING PERSONS First Eagle Investment Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES 5 SOLE VOTING POWER - 3,567,355 BENEFICIALLY 6 SHARED VOTING POWER - 0 OWNED BY EACH 7 SOLE DISPOSITIVE POWER - 3,667,169 REPORTING PERSON 8 SHARED DISPOSITIVE POWER - 0 WITH: 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,667,169 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 5.58% 12 TYPE OF REPORTING PERSON IA SCHEDULE 13G/A Issuer: Royal Gold Inc. CUSIP No.: 780287108 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 ITEM 2 (a) Name of Person Filing: First Eagle Investment Management, LLC (b) Address of Principal Business Office: 1345 Avenue of the Americas New