Healthcare of Ontario Pension Plan Trust Fund Has $7.33 Million Holdings in Triple Flag Precious Metals Corp. $TFPM

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.8% during the 1st quarter, HoldingsChannel reports. The fund owned 211,098 shares of the company’s stock after purchasing an additional 18,843 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Triple Flag Precious Metals were worth $7,327,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth approximately $49,550,000. Tidal Investments LLC boosted its stake in shares of Triple Flag Precious Metals by 59.5% during the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after buying an additional 893,566 shares during the period. Vanguard Group Inc. grew its holdings in shares of Triple Flag Precious Metals by 1,619.6% during the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after acquiring an additional 874,382 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 25.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after acquiring an additional 530,357 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $28.64 on Thursday. Triple Flag Precious Metals Corp. has a one year low of $22.60 and a one year high of $41.70. The company’s fifty day moving average price is $29.37 and its two-hundred day moving average price is $33.39. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.52 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM) last released 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. The company had revenue of $147.00 million during 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, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 1st. Triple Flag Precious Metals’s payout ratio is 15.23%.

Wall Street Analysts Forecast Growth

TFPM has been the topic of several research reports. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Bank of America lowered their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings downgraded Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Finally, Zacks Research cut shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

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.