Virtu Financial LLC Takes Position in Triple Flag Precious Metals Corp. $TFPM

Virtu Financial LLC acquired a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,297 shares of the company’s stock, valued at approximately $707,000.

Several other large investors have also recently added to or reduced their stakes in the business. PFG Investments LLC boosted its position in Triple Flag Precious Metals by 3.1% during the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after acquiring an additional 279 shares during the period. Linden Thomas Advisory Services LLC grew its position in Triple Flag Precious Metals by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after buying an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Triple Flag Precious Metals by 2.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock valued at $491,000 after buying an additional 368 shares in the last quarter. Caitlin John LLC increased its stake in Triple Flag Precious Metals by 11.2% during the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after buying an additional 375 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Triple Flag Precious Metals by 4.2% during the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after buying an additional 609 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $29.84 on Tuesday. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.18 and a beta of -0.22. Triple Flag Precious Metals Corp. has a 1 year low of $22.60 and a 1 year high of $41.70. The firm’s 50 day moving average price is $32.05 and its two-hundred day moving average price is $34.35.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. As a group, equities analysts predict that Triple Flag Precious Metals Corp. will post 1.52 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.0575 dividend. The ex-dividend date 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 15.23%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average price target of $40.00.

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.