Calydon Capital Sells 24,335 Shares of Triple Flag Precious Metals Corp. $TFPM

Calydon Capital lessened its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,335 shares of the company’s stock after selling 24,335 shares during the quarter. Calydon Capital’s holdings in Triple Flag Precious Metals were worth $712,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Triple Flag Precious Metals by 127.2% in the third quarter. Bank of America Corp DE now owns 449,460 shares of the company’s stock worth $13,151,000 after purchasing an additional 251,622 shares during the period. Aquatic Capital Management LLC acquired a new position in Triple Flag Precious Metals during the 3rd quarter valued at about $620,000. Alliancebernstein L.P. acquired a new position in Triple Flag Precious Metals during the 3rd quarter valued at about $234,000. Raymond James Financial Inc. boosted its stake in shares of Triple Flag Precious Metals by 8.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,014 shares of the company’s stock valued at $644,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Amundi boosted its stake in shares of Triple Flag Precious Metals by 14.8% in the 3rd quarter. Amundi now owns 486,612 shares of the company’s stock valued at $14,878,000 after purchasing an additional 62,725 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $35.88 on Friday. The firm’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $32.80. Triple Flag Precious Metals Corp. has a fifty-two week low of $17.72 and a fifty-two week high of $41.70. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.85 and a beta of -0.28.

Triple Flag Precious Metals (NYSE:TFPM) last issued its 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 firm 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%. Equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.0575 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio is currently 19.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TFPM shares. Scotiabank boosted their price target on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Zacks Research raised shares of Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

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.