Triple Flag Precious Metals Corp. $TFPM Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 726,207 shares of the company’s stock after selling 98,252 shares during the quarter. Ninety One UK Ltd’s holdings in Triple Flag Precious Metals were worth $21,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Employees Retirement System of Texas bought a new position in Triple Flag Precious Metals during the 2nd quarter worth $36,000. ORG Wealth Partners LLC acquired a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at $97,000. Tower Research Capital LLC TRC raised its position in Triple Flag Precious Metals by 160.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after acquiring an additional 3,086 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Triple Flag Precious Metals by 4,954.7% during the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock valued at $140,000 after purchasing an additional 5,797 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in shares of Triple Flag Precious Metals during the second quarter worth $206,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 0.6%

Shares of NYSE:TFPM opened at $33.22 on Friday. The company has a 50 day moving average of $31.71 and a 200-day moving average of $28.30. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 0.90 and a beta of -0.21. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $35.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Triple Flag Precious Metals had a return on equity of 9.56% and a net margin of 59.43%.The business had revenue of $93.50 million for the quarter, compared to the consensus estimate of $87.46 million. On average, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued 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 was Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio is presently 22.77%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, October 10th. Finally, Zacks Research downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.