Norges Bank Invests $49.55 Million in Triple Flag Precious Metals Corp. $TFPM

Norges Bank acquired a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,491,073 shares of the company’s stock, valued at approximately $49,550,000. Norges Bank owned approximately 0.72% of Triple Flag Precious Metals as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $77,373,000 after acquiring an additional 753,923 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in 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 during the period. Van ECK Associates Corp boosted its holdings in Triple Flag Precious Metals by 10.8% in the third quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock worth $75,244,000 after purchasing an additional 250,123 shares during the last quarter. Tidal Investments LLC boosted 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 worth $70,113,000 after purchasing an additional 893,566 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Triple Flag Precious Metals by 82.2% in the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after purchasing an additional 762,826 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TFPM. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Finally, 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. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Triple Flag Precious Metals Stock Performance

Shares of TFPM opened at $28.27 on Monday. The company’s fifty day moving average is $33.22 and its 200 day moving average is $34.54. Triple Flag Precious Metals Corp. has a fifty-two week low of $22.60 and a fifty-two week high of $41.70. The stock has a market capitalization of $5.84 billion, a PE ratio of 18.72, a P/E/G ratio of 5.18 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.0575 per share. The ex-dividend date is Monday, June 1st. This represents a $0.23 annualized dividend and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 15.23%.

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.