Sei Investments Co. Acquires New Holdings in Triple Flag Precious Metals Corp. $TFPM

Sei Investments Co. bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 16,242 shares of the company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TFPM. Goldman Sachs Group Inc. grew its position in shares of Triple Flag Precious Metals by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after purchasing an additional 125,746 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 264,082 shares in the last quarter. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 1,976 shares in the last quarter. First Trust Advisors LP raised its position 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 purchasing an additional 50,263 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position 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 purchasing an additional 66,938 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Trading Up 0.6%

Triple Flag Precious Metals stock opened at $31.47 on Friday. The firm has a market capitalization of $6.48 billion, a P/E ratio of 15.82, a PEG ratio of 2.80 and a beta of -0.18. The stock has a fifty day moving average price of $29.47 and a 200 day moving average price of $32.91. Triple Flag Precious Metals Corp. has a 52 week low of $24.75 and a 52 week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. As a group, equities analysts predict that Triple Flag Precious Metals Corp. will post 1.41 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.06 dividend. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Triple Flag Precious Metals’s dividend payout ratio is 11.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Bank of America cut their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Scotiabank decreased their price objective on Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.