Intact Investment Management Inc. Grows Position in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Intact Investment Management boosted its stake in Triple Flag Precious Metals by 107.7% in Q4 to 108,000 shares (added 56,000) now worth about $3.59 million, while institutional ownership stands at roughly 82.91% and Vanguard notably increased its position to 1,691,194 shares (~$56.2M).
• TFPM has a market cap of $6.48 billion, recently beat Q4 estimates with $0.33 EPS (vs. $0.32) and strong margins (net margin 61.74%), and pays a quarterly dividend of $0.0575 (annualized $0.23, yield ~0.7%).
• Analyst coverage is mixed—five Buys and five Holds—giving an average rating of "Moderate Buy" and an average target price of $34.33, with Scotiabank raising its target to $43 while Zacks cut to Hold.

Intact Investment Management Inc. increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 107.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,000 shares of the company's stock after acquiring an additional 56,000 shares during the quarter. Intact Investment Management Inc. owned approximately 0.05% of Triple Flag Precious Metals worth $3,589,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth about $219,000. Pictet Asset Management Holding SA lifted its stake in Triple Flag Precious Metals by 38.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 12,661 shares of the company's stock worth $421,000 after acquiring an additional 3,537 shares during the period. UBS Group AG lifted its stake in Triple Flag Precious Metals by 3.9% in the fourth quarter. UBS Group AG now owns 229,635 shares of the company's stock worth $7,628,000 after acquiring an additional 8,671 shares during the period. Vanguard Group Inc. lifted its stake in Triple Flag Precious Metals by 82.2% in the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company's stock worth $56,198,000 after acquiring an additional 762,826 shares during the period. Finally, Warren Street Wealth Advisors LLC purchased a new stake in Triple Flag Precious Metals in the fourth quarter worth about $224,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $31.36 on Tuesday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.75 and a beta of -0.20. The firm has a 50-day simple moving average of $35.70 and a two-hundred day simple moving average of $34.14. Triple Flag Precious Metals Corp. has a one year low of $19.36 and a one year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $118.92 million during the quarter, compared to analyst estimates of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. As a group, equities analysts predict 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 business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.0575 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. Triple Flag Precious Metals's dividend payout ratio (DPR) is 19.49%.

About Triple Flag Precious Metals

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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