SCS Capital Management LLC Lowers Stock Position in Triple Flag Precious Metals Corp. $TFPM

SCS Capital Management LLC lowered its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,761 shares of the company’s stock after selling 63,789 shares during the period. SCS Capital Management LLC owned about 0.08% of Triple Flag Precious Metals worth $5,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of Triple Flag Precious Metals in the third quarter valued at about $27,000. Quarry LP bought a new position in Triple Flag Precious Metals during the third quarter worth about $33,000. Aventura Private Wealth LLC bought a new position in Triple Flag Precious Metals during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its position in 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. boosted its position in shares of Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after acquiring an additional 706 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce restated 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. 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.33.

Triple Flag Precious Metals Price Performance

TFPM opened at $30.42 on Tuesday. The stock has a 50-day moving average price of $33.36 and a 200-day moving average price of $34.57. The firm has a market cap of $6.28 billion, a PE ratio of 20.14, a P/E/G ratio of 5.80 and a beta of -0.22. Triple Flag Precious Metals Corp. has a 1 year low of $22.41 and a 1 year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly 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 return on equity of 12.90% and a net margin of 68.68%.The firm had revenue of $147.00 million during the quarter, compared to analyst estimates of $147.00 million. As a group, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 1.43 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.0575 dividend. 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 0.8%. Triple Flag Precious Metals’s payout ratio is 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.