Cvfg LLC Makes New Investment in Triple Flag Precious Metals Corp. $TFPM

Cvfg LLC acquired a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,985 shares of the company’s stock, valued at approximately $694,000.

Several other large investors have also recently made changes to their positions in TFPM. Goldman Sachs Group Inc. raised its stake in shares of Triple Flag Precious Metals by 69.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock worth $5,857,000 after purchasing an additional 125,746 shares during the period. JPMorgan Chase & Co. increased its holdings in Triple Flag Precious Metals by 741.2% during the second 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. Russell Investments Group Ltd. raised its position in Triple Flag Precious Metals by 6.9% in the second quarter. Russell Investments Group Ltd. now owns 30,537 shares of the company’s stock worth $723,000 after acquiring an additional 1,976 shares during the period. First Trust Advisors LP raised its position in Triple Flag Precious Metals by 94.5% in the second quarter. First Trust Advisors LP now owns 103,451 shares of the company’s stock worth $2,451,000 after acquiring an additional 50,263 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Triple Flag Precious Metals by 30.1% in the second quarter. Qube Research & Technologies Ltd now owns 289,037 shares of the company’s stock valued at $6,847,000 after acquiring an additional 66,938 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Down 5.0%

Shares of NYSE TFPM opened at $27.71 on Thursday. The company has a market cap of $5.73 billion, a P/E ratio of 18.35, a P/E/G ratio of 3.08 and a beta of -0.19. Triple Flag Precious Metals Corp. has a 52 week low of $22.60 and a 52 week high of $41.70. The business has a 50-day simple moving average of $30.74 and a two-hundred day simple moving average of $34.02.

Triple Flag Precious Metals (NYSE:TFPM) last announced 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 return on equity of 12.90% and a net margin of 68.68%.The firm had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $147.00 million. Equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.53 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

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

Analyst Ratings Changes

TFPM has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Jefferies Financial Group reduced their price objective on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a report on Monday. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Weiss Ratings cut Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Triple Flag Precious Metals 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.