Ninety One UK Ltd Reduces Position in Triple Flag Precious Metals Corp. $TFPM

Ninety One UK Ltd lessened its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 726,207 shares of the company’s stock after selling 98,252 shares during the quarter. Ninety One UK Ltd owned approximately 0.35% of Triple Flag Precious Metals worth $21,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TFPM. Norges Bank purchased a new position in Triple Flag Precious Metals during the 2nd quarter valued at about $24,816,000. Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 67.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock worth $49,731,000 after purchasing an additional 844,765 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter valued at $15,179,000. Euro Pacific Asset Management LLC purchased a new stake in Triple Flag Precious Metals during the 3rd quarter valued at about $15,322,000. Finally, JPMorgan Chase & Co. raised its position in 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 buying an additional 264,082 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TFPM has been the topic of a number of analyst reports. Scotiabank dropped their price objective on shares of Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Friday, October 10th. Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Canaccord Genuity Group lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Triple Flag Precious Metals Stock Down 0.6%

TFPM stock opened at $33.22 on Friday. The company has a fifty day moving average of $31.71 and a 200-day moving average of $28.30. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $35.86. The stock has a market capitalization of $6.86 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.90 and a beta of -0.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 1.68.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $93.50 million for the quarter, compared to analysts’ expectations of $87.46 million. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. As a group, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0575 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.23 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals’s payout ratio is 22.77%.

Triple Flag Precious Metals Company 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.