MGO One Seven LLC Purchases New Shares in Triple Flag Precious Metals Corp. $TFPM

MGO One Seven LLC acquired a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 19,479 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Triple Flag Precious Metals by 39.9% during 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 purchasing an additional 753,923 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 25.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock valued at $76,908,000 after purchasing an additional 530,357 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Triple Flag Precious Metals by 10.8% during the third quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock valued at $75,244,000 after purchasing an additional 250,123 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Triple Flag Precious Metals by 59.5% during 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 in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Triple Flag Precious Metals by 82.2% during the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock valued at $56,198,000 after purchasing an additional 762,826 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 0.6%

Shares of TFPM stock opened at $35.54 on Thursday. Triple Flag Precious Metals Corp. has a 12-month low of $19.36 and a 12-month high of $41.70. The firm’s 50 day moving average is $34.85 and its 200 day moving average is $34.28. The stock has a market capitalization of $7.34 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.07 and a beta of -0.20.

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

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.0575 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 15.23%.

Analyst Ratings Changes

TFPM has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Zacks Research cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Triple Flag Precious Metals 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.