Sentry Investment Management LLC Sells 15,519 Shares of Triple Flag Precious Metals Corp. $TFPM

Sentry Investment Management LLC lessened its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 87.8% during the third quarter, Holdings Channel reports. The fund owned 2,151 shares of the company’s stock after selling 15,519 shares during the period. Sentry Investment Management LLC’s holdings in Triple Flag Precious Metals were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group bought a new position in Triple Flag Precious Metals in the 3rd quarter valued at about $1,371,000. Drucker Wealth 3.0 LLC bought a new position in shares of Triple Flag Precious Metals during the second quarter worth approximately $206,000. Orion Porfolio Solutions LLC lifted its holdings in Triple Flag Precious Metals by 215.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 81,856 shares of the company’s stock worth $1,939,000 after purchasing an additional 55,878 shares during the last quarter. Euro Pacific Asset Management LLC acquired a new stake in Triple Flag Precious Metals during the 3rd quarter worth approximately $15,322,000. Finally, Spark Investment Management LLC bought a new stake in Triple Flag Precious Metals in the 2nd quarter valued at $2,563,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

TFPM stock opened at $34.26 on Friday. The company’s 50-day moving average price is $34.97 and its two-hundred day moving average price is $30.55. The firm has a market cap of $7.08 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.02 and a beta of -0.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Triple Flag Precious Metals Corp. has a 12 month low of $16.26 and a 12 month high of $40.29.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday. Bank of America boosted their price objective on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Zacks Research lowered shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Finally, Scotiabank raised their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.25.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.