Jefferies Financial Group Inc. acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,179 shares of the company's stock, valued at approximately $3,572,000. Jefferies Financial Group Inc. owned about 0.06% of Triple Flag Precious Metals at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Triple Flag Precious Metals by 39.9% during 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Triple Flag Precious Metals by 25.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company's stock valued at $76,908,000 after acquiring an additional 530,357 shares in the last quarter. Tidal Investments LLC boosted its stake in 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 purchasing an additional 893,566 shares during the last quarter. Vanguard Group Inc. increased its holdings in Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company's stock worth $56,198,000 after purchasing an additional 762,826 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $49,550,000. 82.91% of the stock is owned by institutional investors.
Triple Flag Precious Metals Price Performance
Shares of NYSE:TFPM opened at $33.98 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $26.61 and a 1 year high of $41.70. The company has a market capitalization of $7.00 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 3.10 and a beta of -0.18. The business has a fifty day moving average price of $30.35 and a two-hundred day moving average price of $32.75.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The company had revenue of $129.20 million for the quarter, compared to analysts' expectations of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.06 dividend. The ex-dividend date is Monday, August 31st. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. Triple Flag Precious Metals's dividend payout ratio is presently 11.56%.
Analyst Ratings Changes
TFPM has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Scotiabank reduced their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. BMO Capital Markets reiterated a "market perform" rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Zacks Research upgraded shares of Triple Flag Precious Metals from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Triple Flag Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.67.
Get Our Latest Stock Report on Triple Flag Precious Metals
Triple Flag Precious Metals Profile
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Free Report)
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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