Canoe Financial increased its stake in Royal Gold and other gold companies, signaling growing interest in precious metals.
Canoe Financial LP boosted its stake in Royal Gold Inc, a basic materials company, by acquiring shares worth $2.299 million, joining other institutional investors who have increased their holdings. Royal Gold exceeded earnings expectations, reported a dividend hike, and received positive analyst reports. Meanwhile, Canoe also acquired shares in Kinross Gold and Alamos Gold, both in the precious metals sector, indicating growing institutional interest in these companies.
2 months ago
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