U S Global Investors Inc. Cuts Stock Holdings in Triple Flag Precious Metals Corp. $TFPM

U S Global Investors Inc. reduced its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 78.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after selling 219,270 shares during the period. U S Global Investors Inc.’s holdings in Triple Flag Precious Metals were worth $2,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PFG Investments LLC grew its stake in Triple Flag Precious Metals by 3.1% during the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after purchasing an additional 279 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Triple Flag Precious Metals by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock worth $241,000 after purchasing an additional 290 shares during the period. Public Employees Retirement System of Ohio raised its position in Triple Flag Precious Metals by 2.2% in the 3rd 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 in the last quarter. Caitlin John LLC raised its position in Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after purchasing an additional 375 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Triple Flag Precious Metals by 4.2% in the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock valued at $504,000 after buying an additional 609 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded down $0.41 during trading on Friday, reaching $28.11. 412,106 shares of the company’s stock were exchanged, compared to its average volume of 763,555. The stock has a market cap of $5.81 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 2.57 and a beta of -0.19. The company has a 50 day moving average price of $30.60 and a two-hundred day moving average price of $33.94. Triple Flag Precious Metals Corp. has a 1 year low of $22.60 and a 1 year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Research analysts forecast that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio is 15.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. 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. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Weiss Ratings cut shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

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.