Hillsdale Investment Management Inc. Lowers Stock Position in Triple Flag Precious Metals Corp. $TFPM

Hillsdale Investment Management Inc. cut its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,100 shares of the company’s stock after selling 93,900 shares during the period. Hillsdale Investment Management Inc. owned 0.07% of Triple Flag Precious Metals worth $5,030,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TFPM. Bessemer Group Inc. acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth $27,000. Quarry LP acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth $33,000. Aventura Private Wealth LLC acquired a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after purchasing an additional 664 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Triple Flag Precious Metals by 100.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after purchasing an additional 706 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Up 3.3%

NYSE:TFPM opened at $31.62 on Friday. The company has a market capitalization of $6.53 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 5.80 and a beta of -0.20. The stock has a fifty day simple moving average of $33.39 and a 200-day simple moving average of $34.53. Triple Flag Precious Metals Corp. has a 52-week low of $21.54 and a 52-week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. As a group, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

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

Analyst Ratings Changes

TFPM has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.