Arrowstreet Capital Limited Partnership Sells 621,182 Shares of Triple Flag Precious Metals Corp. $TFPM

Arrowstreet Capital Limited Partnership lowered its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 24.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,930,443 shares of the company’s stock after selling 621,182 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Triple Flag Precious Metals were worth $67,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TFPM. Sei Investments Co. bought a new position in Triple Flag Precious Metals in the 1st quarter valued at approximately $564,000. Walleye Capital LLC bought a new stake in shares of Triple Flag Precious Metals in the first quarter worth $573,000. Cetera Investment Advisers increased its holdings in Triple Flag Precious Metals by 9.2% in the first quarter. Cetera Investment Advisers now owns 7,784 shares of the company’s stock valued at $270,000 after purchasing an additional 655 shares during the period. Petra Financial Advisors Inc. bought a new position in Triple Flag Precious Metals during the 1st quarter worth $207,000. Finally, Dimensional Fund Advisors LP raised its position in Triple Flag Precious Metals by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock worth $20,787,000 after purchasing an additional 48,144 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TFPM. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Bank of America lowered their price objective on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research cut Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.67.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $29.06 on Monday. Triple Flag Precious Metals Corp. has a 1 year low of $22.60 and a 1 year high of $41.70. The business’s 50-day moving average is $29.53 and its 200-day moving average is $33.52. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 2.56 and a beta of -0.19.

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

Triple Flag Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued 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 dividend payout ratio is presently 15.23%.

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.