Hara Capital LLC Takes Position in Triple Flag Precious Metals Corp. $TFPM

Hara Capital LLC purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,439 shares of the company’s stock, valued at approximately $463,000.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Triple Flag Precious Metals in the first quarter worth approximately $33,000. Quarry LP bought a new stake in Triple Flag Precious Metals during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of Triple Flag Precious Metals by 120.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after acquiring an additional 664 shares during the period. Caitlin John LLC increased its holdings in shares of Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after acquiring an additional 375 shares during the period. Finally, Evelyn Partners Asset Management Ltd raised its position in shares of Triple Flag Precious Metals by 33.3% in the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock worth $139,000 after acquiring an additional 1,000 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TFPM. Canaccord Genuity Group raised 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 report on Friday, June 12th. 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. Bank of America lowered their price target on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group cut their price objective on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $33.32 on Friday. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.95 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 1-year low of $25.36 and a 1-year high of $41.70. The business has a fifty day moving average price of $29.82 and a 200-day moving average price of $32.72.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The firm had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. On average, equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s payout ratio is presently 11.56%.

About Triple Flag Precious Metals

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.