Triple Flag Precious Metals Corp. $TFPM Stock Holdings Increased by TD Asset Management Inc

TD Asset Management Inc raised its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 734,670 shares of the company’s stock after buying an additional 63,128 shares during the quarter. TD Asset Management Inc’s holdings in Triple Flag Precious Metals were worth $24,445,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. PFG Investments LLC grew its position in shares of Triple Flag Precious Metals by 3.1% in the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after acquiring an additional 279 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after acquiring an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Triple Flag Precious Metals by 2.2% during the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after purchasing an additional 368 shares during the last quarter. Blue Trust Inc. boosted its holdings in Triple Flag Precious Metals by 4.2% in the fourth quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after purchasing an additional 609 shares during the period. Finally, Ascent Group LLC increased its stake in Triple Flag Precious Metals by 2.0% during the fourth quarter. Ascent Group LLC now owns 31,552 shares of the company’s stock valued at $1,048,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TFPM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.00.

Triple Flag Precious Metals Stock Performance

TFPM stock opened at $28.27 on Monday. Triple Flag Precious Metals Corp. has a 1 year low of $22.60 and a 1 year high of $41.70. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.18 and a beta of -0.22. The stock’s fifty day moving average is $33.22 and its two-hundred day moving average is $34.54.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $147.00 million. As a group, analysts predict that Triple Flag Precious Metals Corp. will post 1.43 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.0575 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.23 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is 15.23%.

Triple Flag Precious Metals 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.