Cibc World Market Inc. Sells 18,774 Shares of Triple Flag Precious Metals Corp. $TFPM

Cibc World Market Inc. reduced its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 10.0% in the fourth quarter, HoldingsChannel reports. The firm owned 169,551 shares of the company’s stock after selling 18,774 shares during the quarter. Cibc World Market Inc.’s holdings in Triple Flag Precious Metals were worth $5,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Triple Flag Precious Metals by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 65,018 shares of the company’s stock valued at $2,162,000 after purchasing an additional 3,447 shares during the period. Norges Bank bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at about $49,550,000. Lummis Asset Management LP grew its stake in shares of Triple Flag Precious Metals by 33.7% during the 4th quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock valued at $4,366,000 after purchasing an additional 33,115 shares during the period. Savant Capital LLC grew its stake in shares of Triple Flag Precious Metals by 5.7% during the 4th quarter. Savant Capital LLC now owns 48,794 shares of the company’s stock valued at $1,621,000 after purchasing an additional 2,627 shares during the period. Finally, Connecticut Capital Management Group LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at about $506,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Down 0.0%

Shares of NYSE:TFPM opened at $28.27 on Monday. The stock has a 50 day moving average of $33.22 and a 200 day moving average of $34.54. Triple Flag Precious Metals Corp. has a 12-month low of $22.60 and a 12-month high of $41.70. The company has a market cap of $5.84 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 5.18 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The company had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $147.00 million. Equities research analysts predict that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals’s payout ratio is currently 15.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TFPM shares. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

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.