Hillsdale Investment Management Inc. Has $7.17 Million Position in Triple Flag Precious Metals Corp. $TFPM

Hillsdale Investment Management Inc. grew its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 82.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,000 shares of the company’s stock after acquiring an additional 110,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Triple Flag Precious Metals were worth $7,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Goehring & Rozencwajg Associates LLC boosted its position in Triple Flag Precious Metals by 0.6% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 100,724 shares of the company’s stock valued at $2,948,000 after purchasing an additional 636 shares during the last quarter. SBI Securities Co. Ltd. increased its position in 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 worth $41,000 after purchasing an additional 706 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth about $27,000. Merit Financial Group LLC lifted its holdings in shares of Triple Flag Precious Metals by 10.4% during the 3rd quarter. Merit Financial Group LLC now owns 9,774 shares of the company’s stock valued at $286,000 after buying an additional 919 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at approximately $36,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Scotiabank lifted 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 research note on Monday, January 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Finally, Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Triple Flag Precious Metals Trading Up 2.5%

NYSE:TFPM opened at $37.64 on Friday. The firm has a market capitalization of $7.77 billion, a PE ratio of 31.90, a PEG ratio of 1.01 and a beta of -0.21. Triple Flag Precious Metals Corp. has a 1 year low of $16.26 and a 1 year high of $40.29. The firm’s fifty day simple moving average is $35.54 and its 200 day simple moving average is $31.44.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $114.92 million. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. As a group, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

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

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.