Horizon Kinetics Asset Management LLC Has $14.13 Million Holdings in Triple Flag Precious Metals Corp. $TFPM

Horizon Kinetics Asset Management LLC grew its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 1,510.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,303 shares of the company’s stock after buying an additional 398,890 shares during the quarter. Horizon Kinetics Asset Management LLC owned 0.21% of Triple Flag Precious Metals worth $14,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TFPM. Bessemer Group Inc. bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth $27,000. Quarry LP bought a new stake in shares of Triple Flag Precious Metals in the third quarter worth $33,000. Aventura Private Wealth LLC bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC lifted its position in shares of Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after purchasing an additional 664 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 2.1%

Shares of TFPM stock opened at $27.87 on Wednesday. The company’s fifty day simple moving average is $33.06 and its 200-day simple moving average is $34.50. Triple Flag Precious Metals Corp. has a 12 month low of $22.60 and a 12 month high of $41.70. The firm has a market cap of $5.76 billion, a PE ratio of 18.45, a P/E/G ratio of 5.22 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The firm had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. On average, equities analysts predict that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio is 15.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TFPM. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Triple Flag Precious Metals Company 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.