Sei Investments Co. Invests $564,000 in Triple Flag Precious Metals Corp. $TFPM

Sei Investments Co. bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 1st quarter, Holdings Channel reports. The institutional investor bought 16,242 shares of the company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. U S Global Investors Inc. raised its holdings in shares of Triple Flag Precious Metals by 30.7% in the 4th quarter. U S Global Investors Inc. now owns 279,270 shares of the company’s stock worth $9,277,000 after purchasing an additional 65,605 shares during the period. Vanguard Group Inc. grew its holdings in shares of Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after purchasing an additional 762,826 shares during the period. Intact Investment Management Inc. grew its holdings in shares of Triple Flag Precious Metals by 107.7% during the 4th quarter. Intact Investment Management Inc. now owns 108,000 shares of the company’s stock worth $3,589,000 after purchasing an additional 56,000 shares during the period. Dimensional Fund Advisors LP increased its position in Triple Flag Precious Metals by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock worth $20,787,000 after purchasing an additional 48,144 shares in the last quarter. Finally, Lummis Asset Management LP increased its position in Triple Flag Precious Metals by 33.7% during the 4th quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock worth $4,366,000 after purchasing an additional 33,115 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TFPM shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings downgraded shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, Scotiabank decreased their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Triple Flag Precious Metals Trading Up 0.6%

NYSE TFPM opened at $31.47 on Friday. The stock has a market cap of $6.48 billion, a P/E ratio of 15.82, a PEG ratio of 2.80 and a beta of -0.18. The company’s fifty day simple moving average is $29.47 and its 200-day simple moving average is $32.91. Triple Flag Precious Metals Corp. has a 52 week low of $24.75 and a 52 week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $129.20 million for the quarter, compared to analyst estimates of $129.20 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. On average, research analysts expect that Triple Flag Precious Metals Corp. will post 1.41 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.06 per share. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, August 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s payout ratio is 11.56%.

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.