Vanguard Capital Management Establishes 5.17% Stake in Royal Gold Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.17% ownership stake in Royal Gold Inc (RGLD). As of the event date on March 31, 2026, Vanguard beneficially owns 4,390,393 shares of Common Stock. This position represents a significant increase from a previous 0.0% holding, crossing the 5% reporting threshold. The filing indicates that Vanguard Capital Management holds sole dispositive power over all 4,390,393 shares, while maintaining sole voting power over 627,075 shares. The reporting person is an investment adviser, and the securities were acquired in the ordinary course of business, not for the purpose of influencing or changing the control of the issuer. The filing also covers several Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the total shares outstanding. Royal Gold Inc is headquartered in Denver, Colorado.