Vanguard Group Inc. Purchases 762,826 Shares of Triple Flag Precious Metals Corp. $TFPM

Vanguard Group Inc. raised its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 82.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,691,194 shares of the company’s stock after acquiring an additional 762,826 shares during the period. Vanguard Group Inc.’s holdings in Triple Flag Precious Metals were worth $56,198,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Triple Flag Precious Metals in the 4th quarter valued at approximately $7,816,000. Hillsdale Investment Management Inc. lifted its stake in Triple Flag Precious Metals by 82.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 245,000 shares of the company’s stock valued at $7,170,000 after acquiring an additional 110,700 shares in the last quarter. Csenge Advisory Group bought a new stake in Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,371,000. Wealth Enhancement Advisory Services LLC bought a new stake in Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,003,000. Finally, Alps Advisors Inc. lifted its stake in Triple Flag Precious Metals by 118.4% in the 3rd quarter. Alps Advisors Inc. now owns 107,925 shares of the company’s stock valued at $3,158,000 after acquiring an additional 58,519 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 6.5%

Shares of Triple Flag Precious Metals stock opened at $31.98 on Friday. Triple Flag Precious Metals Corp. has a 12-month low of $19.41 and a 12-month high of $41.70. The stock has a market cap of $6.61 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of -0.20. The business’s 50 day moving average is $34.62 and its 200-day moving average is $34.30.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The company had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $147.00 million. On average, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s payout ratio is presently 15.23%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TFPM shares. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Scotiabank boosted their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

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.