Deutsche Bank AG Makes New $12.32 Million Investment in Triple Flag Precious Metals Corp. $TFPM

Deutsche Bank AG acquired a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 411,151 shares of the company's stock, valued at approximately $12,322,000. Deutsche Bank AG owned 0.20% of Triple Flag Precious Metals as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Alberta Investment Management Corp bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at approximately $564,000. SCS Capital Management LLC bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $5,011,000. Silverlake Wealth Management LLC bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $478,000. Pecaut & CO. purchased a new position in Triple Flag Precious Metals during the second quarter valued at approximately $210,000. Finally, Bank of America Corp DE boosted its position in shares of Triple Flag Precious Metals by 30.7% in the first quarter. Bank of America Corp DE now owns 495,404 shares of the company's stock worth $17,195,000 after purchasing an additional 116,421 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Triple Flag Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. Bank of America dropped their target price on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their price target on Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Finally, Canaccord Genuity Group raised Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and an average target price of $38.67.

Triple Flag Precious Metals Price Performance

Shares of TFPM opened at $33.77 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $25.69 and a 1 year high of $41.70. The company has a 50 day simple moving average of $29.91 and a two-hundred day simple moving average of $32.73. The firm has a market cap of $6.96 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 2.99 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The firm had revenue of $129.20 million for the quarter, compared to analysts' expectations of $129.20 million. On average, 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.06 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. This is an increase from Triple Flag Precious Metals's previous quarterly dividend of $0.06. Triple Flag Precious Metals's payout ratio is presently 11.56%.

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.

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