Drucker Wealth 3.0 LLC Makes New $206,000 Investment in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Drucker Wealth 3.0 LLC has made a new investment of approximately $206,000 in Triple Flag Precious Metals Corp., acquiring 8,739 shares in the company.
• Several hedge funds have also increased their stakes in Triple Flag Precious Metals, with notable increases including 2,463.9% by Mackenzie Financial Corp. and 69.8% by Goldman Sachs Group Inc.
• Triple Flag Precious Metals recently announced a dividend increase to $0.0575 per share, providing a dividend yield of 0.8%, up from the previous quarter's dividend of $0.06.

Drucker Wealth 3.0 LLC bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,739 shares of the company's stock, valued at approximately $206,000.

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Triple Flag Precious Metals by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,648,973 shares of the company's stock worth $31,542,000 after buying an additional 173,881 shares during the period. Mackenzie Financial Corp increased its stake in shares of Triple Flag Precious Metals by 2,463.9% in the first quarter. Mackenzie Financial Corp now owns 835,240 shares of the company's stock worth $15,978,000 after buying an additional 802,663 shares during the period. SCS Capital Management LLC purchased a new position in shares of Triple Flag Precious Metals in the first quarter worth $15,179,000. TD Asset Management Inc increased its stake in shares of Triple Flag Precious Metals by 3.4% in the first quarter. TD Asset Management Inc now owns 513,020 shares of the company's stock worth $9,813,000 after buying an additional 16,703 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Triple Flag Precious Metals by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company's stock worth $5,857,000 after buying an additional 125,746 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of research analyst reports. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Triple Flag Precious Metals in a research report on Wednesday. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Canaccord Genuity Group downgraded shares of Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has an average rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Trading Up 1.3%

Shares of TFPM stock opened at $29.95 on Friday. Triple Flag Precious Metals Corp. has a 12 month low of $14.51 and a 12 month high of $31.39. The stock has a market cap of $6.19 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.29 and a beta of -0.18. The company's fifty day moving average price is $27.61 and its 200-day moving average price is $24.09.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The firm had revenue of $94.09 million for the quarter, compared to analysts' expectations of $82.76 million. On average, sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.0575 per share. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, September 2nd. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 26.74%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.

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