50,531 Shares in Triple Flag Precious Metals Corp. $TFPM Acquired by Performance Wealth Partners LLC

Performance Wealth Partners LLC bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,531 shares of the company’s stock, valued at approximately $1,514,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TFPM. Norges Bank bought a new position in shares of Triple Flag Precious Metals in the 4th quarter worth $49,550,000. Tidal Investments LLC increased its holdings in Triple Flag Precious Metals by 59.5% in the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after purchasing an additional 893,566 shares during the last quarter. Vanguard Group Inc. lifted its stake in Triple Flag Precious Metals by 1,619.6% in the third quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after buying an additional 874,382 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Triple Flag Precious Metals by 39.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after buying an additional 753,923 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Triple Flag Precious Metals by 25.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after buying an additional 530,357 shares during the period. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of analyst reports. Scotiabank cut their price target 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. Jefferies Financial Group decreased their price objective on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 6th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Bank of America reduced 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 research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Six 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.67.

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $31.67 on Tuesday. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.83 and a beta of -0.17. The business has a 50 day simple moving average of $29.54 and a 200 day simple moving average of $32.82. 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 released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The company had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. On average, analysts predict that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.06 dividend. This represents a $0.24 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 is Monday, August 31st. Triple Flag Precious Metals’s dividend payout ratio is presently 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.