Sigma Planning Corp Takes Position in Triple Flag Precious Metals Corp. $TFPM

Sigma Planning Corp purchased a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 25,614 shares of the company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Triple Flag Precious Metals by 69.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after buying an additional 125,746 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Triple Flag Precious Metals by 741.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company’s stock valued at $7,100,000 after purchasing an additional 264,082 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Triple Flag Precious Metals by 6.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,537 shares of the company’s stock valued at $723,000 after purchasing an additional 1,976 shares in the last quarter. First Trust Advisors LP raised its position in shares of Triple Flag Precious Metals by 94.5% in the 2nd quarter. First Trust Advisors LP now owns 103,451 shares of the company’s stock valued at $2,451,000 after purchasing an additional 50,263 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Triple Flag Precious Metals by 30.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 289,037 shares of the company’s stock valued at $6,847,000 after purchasing an additional 66,938 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 0.1%

NYSE:TFPM opened at $27.38 on Monday. The firm has a market capitalization of $5.66 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.55 and a beta of -0.19. The stock has a 50 day moving average of $30.13 and a 200-day moving average of $33.68. Triple Flag Precious Metals Corp. has a 52 week low of $22.60 and a 52 week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced 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 return on equity of 12.90% and a net margin of 68.68%.The business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. As a group, analysts predict that Triple Flag Precious Metals Corp. will post 1.36 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 15.23%.

Analyst Ratings Changes

A number of analysts recently issued reports on TFPM shares. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Jefferies Financial Group dropped their target price on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Finally, Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.