U S Global Investors Inc. Acquires 65,605 Shares of Triple Flag Precious Metals Corp. $TFPM

Key Points

• U S Global Investors increased its stake in Triple Flag Precious Metals by 30.7%, buying 65,605 shares to hold 279,270 shares (about 0.14% of TFPM) valued at $9.277 million, making it the firm's 26th largest holding (~1.0% of its portfolio).
• Other major institutions also boosted positions—Goldman Sachs (+69.8% to 305,826 shares) and JPMorgan (+741.2% to 299,713 shares) among them—and institutional investors now own about 82.91% of TFPM.
• Analysts are evenly split (five Buy, five Hold) with a consensus "Moderate Buy" and a $34.33 average target; TFPM trades near $33.93 with a $7.01B market cap, a PE of ~28.8 and a 0.7% dividend yield.

U S Global Investors Inc. grew its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 30.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 279,270 shares of the company's stock after buying an additional 65,605 shares during the period. Triple Flag Precious Metals makes up 1.0% of U S Global Investors Inc.'s investment portfolio, making the stock its 26th largest holding. U S Global Investors Inc. owned about 0.14% of Triple Flag Precious Metals worth $9,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFPM. Goldman Sachs Group Inc. boosted its holdings in shares of Triple Flag Precious Metals by 69.8% during the 1st 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Triple Flag Precious Metals by 741.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company's stock worth $7,100,000 after buying an additional 264,082 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Triple Flag Precious Metals by 6.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,537 shares of the company's stock worth $723,000 after buying an additional 1,976 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Triple Flag Precious Metals by 94.5% during the 2nd quarter. First Trust Advisors LP now owns 103,451 shares of the company's stock worth $2,451,000 after buying an additional 50,263 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Triple Flag Precious Metals by 30.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 289,037 shares of the company's stock worth $6,847,000 after buying an additional 66,938 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th. Weiss Ratings restated a "buy (b)" rating on shares of Triple Flag Precious Metals in a report on Monday. Wall Street Zen cut Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Zacks Research cut Triple Flag Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 9th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.33.

Triple Flag Precious Metals Price Performance

NYSE:TFPM opened at $33.93 on Friday. The firm has a 50-day moving average of $36.05 and a 200-day moving average of $34.02. The company has a market cap of $7.01 billion, a PE ratio of 28.76, a PEG ratio of 3.54 and a beta of -0.09. 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 posted its earnings results on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $118.92 million during the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. On average, equities research analysts expect that Triple Flag Precious Metals Corp. will post 1.37 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.0575 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. Triple Flag Precious Metals's dividend payout ratio is presently 19.49%.

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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