Triple Flag Precious Metals Corp. $TFPM Stock: McAlvany Wealth Management LLC Boosts Position

McAlvany Wealth Management LLC raised its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,134 shares of the company’s stock after acquiring an additional 28,113 shares during the quarter. Triple Flag Precious Metals comprises approximately 3.1% of McAlvany Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. McAlvany Wealth Management LLC owned approximately 0.10% of Triple Flag Precious Metals worth $6,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Triple Flag Precious Metals during the second quarter valued at approximately $44,000. Fiduciary Financial Advisors bought a new stake in shares of Triple Flag Precious Metals during the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC grew its holdings in shares of Triple Flag Precious Metals by 60.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,947 shares of the company’s stock worth $68,000 after purchasing an additional 730 shares in the last quarter. Evelyn Partners Asset Management Ltd grew its holdings in shares of Triple Flag Precious Metals by 33.3% during the first quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock worth $139,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Triple Flag Precious Metals during the first quarter worth about $184,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Up 2.6%

TFPM opened at $28.87 on Tuesday. The stock has a 50-day moving average price of $31.77 and a 200-day moving average price of $32.78. Triple Flag Precious Metals Corp. has a 12-month low of $26.61 and a 12-month high of $41.70. The stock has a market capitalization of $5.94 billion, a P/E ratio of 14.51, a PEG ratio of 3.18 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $129.20 million for the quarter, compared to analysts’ expectations of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. On average, equities research analysts predict that Triple Flag Precious Metals Corp. will post 1.33 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 31st. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 12.06%.

Analysts Set New Price Targets

TFPM has been the topic of several research analyst reports. Scotiabank decreased their price objective on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Bank of America dropped their target price on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Jefferies Financial Group decreased their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.