Goldman Sachs Group Inc. Increases Stock Position in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Goldman Sachs Group Inc. increased its stake in Triple Flag Precious Metals Corp. by 69.8% during the 1st quarter, acquiring an additional 125,746 shares to reach a total of 305,826 shares worth approximately $5.86 million.
• Triple Flag Precious Metals reported an earnings per share (EPS) of $0.24 for the most recent quarter, exceeding analysts' expectations of $0.21, and achieved a revenue of $94.09 million.
• The company has recently announced a quarterly dividend of $0.0575, reflecting a slight increase from the previous dividend, and is currently yielding about 0.8% annually.

Goldman Sachs Group Inc. lifted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 69.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 305,826 shares of the company's stock after purchasing an additional 125,746 shares during the period. Goldman Sachs Group Inc. owned 0.15% of Triple Flag Precious Metals worth $5,857,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TFPM. SVB Wealth LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at about $34,000. Quantbot Technologies LP raised its position in shares of Triple Flag Precious Metals by 1,258.9% during the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after purchasing an additional 8,699 shares during the period. Prospect Financial Group LLC acquired a new stake in Triple Flag Precious Metals in the 1st quarter valued at approximately $217,000. Pinnacle Associates Ltd. acquired a new stake in Triple Flag Precious Metals in the 1st quarter valued at approximately $239,000. Finally, PDT Partners LLC bought a new position in Triple Flag Precious Metals in the first quarter valued at approximately $250,000. Institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.48 on Friday, hitting $28.32. The company had a trading volume of 1,565,654 shares, compared to its average volume of 625,950. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.20 and a beta of -0.19. The stock has a 50 day moving average of $25.84 and a 200-day moving average of $22.94. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $29.30.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%.The business had revenue of $94.09 million during the quarter, compared to analyst estimates of $82.76 million. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Finally, CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Company Profile

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.