Winmill & CO. Inc. Acquires New Holdings in Triple Flag Precious Metals Corp. $TFPM

Winmill & CO. Inc. acquired a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the company’s stock, valued at approximately $711,000.

Other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in Triple Flag Precious Metals during the first quarter valued at about $34,000. ORG Wealth Partners LLC bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $97,000. Drucker Wealth 3.0 LLC bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $206,000. Quantbot Technologies LP boosted its position in Triple Flag Precious Metals by 1,258.9% during the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company’s stock valued at $180,000 after purchasing an additional 8,699 shares in the last quarter. Finally, Prospect Financial Group LLC bought a new stake in Triple Flag Precious Metals during the first quarter valued at about $217,000. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 0.3%

Triple Flag Precious Metals stock opened at $28.76 on Monday. Triple Flag Precious Metals Corp. has a 52 week low of $14.51 and a 52 week high of $33.51. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 0.93 and a beta of -0.18. The stock has a 50-day moving average price of $28.59 and a 200 day moving average price of $24.93.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The firm had revenue of $94.09 million during the quarter, compared to the consensus estimate of $82.76 million. Research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, September 2nd. Triple Flag Precious Metals’s dividend payout ratio is presently 26.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TFPM shares. Canaccord Genuity Group downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Zacks Research raised Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. CIBC reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Raymond James Financial reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, October 10th. Finally, Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.