Independent Advisor Alliance Buys New Stake in Triple Flag Precious Metals Corp. $TFPM

Independent Advisor Alliance acquired a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,314 shares of the company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TFPM. Bessemer Group Inc. purchased a new stake in Triple Flag Precious Metals in the third quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Triple Flag Precious Metals during the third quarter worth about $33,000. Aventura Private Wealth LLC acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at about $38,000. SBI Securities Co. Ltd. raised its position in shares of Triple Flag Precious Metals by 100.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after purchasing an additional 706 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $98,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TFPM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Scotiabank boosted their price objective on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Wall Street Zen raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Finally, Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Triple Flag Precious Metals Trading Down 6.5%

TFPM opened at $31.98 on Friday. Triple Flag Precious Metals Corp. has a 12-month low of $19.41 and a 12-month high of $41.70. The firm has a 50 day moving average of $34.62 and a two-hundred day moving average of $34.30. The firm has a market capitalization of $6.61 billion, a PE ratio of 21.18, a P/E/G ratio of 2.78 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. As a group, analysts predict that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio is presently 15.23%.

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.