Aigen Investment Management LP Sells 29,358 Shares of Triple Flag Precious Metals Corp. $TFPM

Aigen Investment Management LP decreased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 71.0% in the fourth quarter, Holdings Channel reports. The fund owned 11,964 shares of the company’s stock after selling 29,358 shares during the quarter. Aigen Investment Management LP’s holdings in Triple Flag Precious Metals were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. PFG Investments LLC lifted its holdings in shares of Triple Flag Precious Metals by 3.1% in the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock valued at $304,000 after acquiring an additional 279 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Triple Flag Precious Metals by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock worth $241,000 after purchasing an additional 290 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Triple Flag Precious Metals by 2.2% in the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock worth $491,000 after purchasing an additional 368 shares during the last quarter. Blue Trust Inc. lifted its stake in Triple Flag Precious Metals by 4.2% in the fourth quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after purchasing an additional 609 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in Triple Flag Precious Metals by 2.0% in the fourth quarter. Ascent Group LLC now owns 31,552 shares of the company’s stock worth $1,048,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $30.67 on Tuesday. The company has a 50 day moving average price of $32.57 and a 200-day moving average price of $34.45. Triple Flag Precious Metals Corp. has a fifty-two week low of $22.60 and a fifty-two week high of $41.70. The company has a market capitalization of $6.34 billion, a PE ratio of 20.31, a P/E/G ratio of 5.21 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 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. On average, analysts forecast that Triple Flag Precious Metals Corp. will post 1.47 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 1st. Triple Flag Precious Metals’s payout ratio is currently 15.23%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TFPM shares. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday. Weiss Ratings downgraded shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday. Zacks Research downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and an average target price 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.