19,479 Shares in Triple Flag Precious Metals Corp. $TFPM Acquired by MGO One Seven LLC

MGO One Seven LLC purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,479 shares of the company’s stock, valued at approximately $647,000.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Triple Flag Precious Metals in the 4th quarter valued at approximately $7,816,000. Hillsdale Investment Management Inc. grew its stake in Triple Flag Precious Metals by 82.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 245,000 shares of the company’s stock valued at $7,170,000 after buying an additional 110,700 shares in the last quarter. Csenge Advisory Group purchased a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,371,000. Wealth Enhancement Advisory Services LLC purchased a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $1,003,000. Finally, Alps Advisors Inc. grew its stake in Triple Flag Precious Metals by 118.4% in the 3rd quarter. Alps Advisors Inc. now owns 107,925 shares of the company’s stock valued at $3,158,000 after buying an additional 58,519 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TFPM shares. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Scotiabank upped their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.33.

Triple Flag Precious Metals Stock Up 0.6%

Triple Flag Precious Metals stock opened at $35.54 on Thursday. The company has a market capitalization of $7.34 billion, a PE ratio of 23.54, a P/E/G ratio of 3.07 and a beta of -0.20. The firm has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $34.28. Triple Flag Precious Metals Corp. has a twelve month low of $19.36 and a twelve month 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 for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. As a group, equities analysts expect that Triple Flag Precious Metals Corp. will post 1.4 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

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 paid a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio is 15.23%.

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.