Triple Flag Precious Metals Corp. $TFPM Stock Holdings Reduced by McAlvany Wealth Management LLC

McAlvany Wealth Management LLC lowered its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,877 shares of the company’s stock after selling 35,697 shares during the quarter. Triple Flag Precious Metals makes up 3.1% of McAlvany Wealth Management LLC’s portfolio, making the stock its 10th biggest position. McAlvany Wealth Management LLC’s holdings in Triple Flag Precious Metals were worth $4,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TFPM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Triple Flag Precious Metals by 39.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after purchasing an additional 753,923 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Triple Flag Precious Metals by 25.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after buying an additional 530,357 shares in the last quarter. Tidal Investments LLC lifted its holdings in Triple Flag Precious Metals by 59.5% during the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after buying an additional 893,566 shares during the period. Vanguard Group Inc. lifted its holdings in Triple Flag Precious Metals by 82.2% during the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after buying an additional 762,826 shares during the period. Finally, Norges Bank purchased a new stake in Triple Flag Precious Metals during the fourth quarter worth $49,550,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TFPM. Zacks Research downgraded Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Jefferies Financial Group cut their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Bank of America reduced their target price on shares of 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. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Triple Flag Precious Metals Stock Up 0.8%

Shares of TFPM opened at $27.38 on Friday. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.53 and a beta of -0.19. Triple Flag Precious Metals Corp. has a twelve month low of $22.60 and a twelve month high of $41.70. The company has a 50 day moving average of $30.13 and a two-hundred day moving average of $33.67.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $147.00 million for the quarter, compared to analyst estimates of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. On average, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 1.36 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.0575 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is presently 15.23%.

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.