C WorldWide Group Holding A S Has $890,000 Stake in Triple Flag Precious Metals Corp. $TFPM

C WorldWide Group Holding A S decreased its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 73.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,793 shares of the company’s stock after selling 72,713 shares during the quarter. C WorldWide Group Holding A S’s holdings in Triple Flag Precious Metals were worth $890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Investments LLC grew its position in shares of Triple Flag Precious Metals by 3.1% in the fourth quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock valued at $304,000 after purchasing an additional 279 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Triple Flag Precious Metals by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after purchasing an additional 290 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Triple Flag Precious Metals by 2.2% in the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock valued at $491,000 after purchasing an additional 368 shares during the last quarter. Blue Trust Inc. grew its position in shares of Triple Flag Precious Metals by 4.2% in the fourth quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock valued at $504,000 after purchasing an additional 609 shares during the last quarter. Finally, Ascent Group LLC grew its position in shares of Triple Flag Precious Metals by 2.0% in the fourth quarter. Ascent Group LLC now owns 31,552 shares of the company’s stock valued at $1,048,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TFPM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $33.32 on Monday. The company has a market capitalization of $6.88 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.90 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 1 year low of $19.36 and a 1 year high of $41.70. The business’s 50 day simple moving average is $35.31 and its 200 day simple moving average is $34.14.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. On average, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is currently 15.23%.

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.