Triple Flag Precious Metals Corp. $TFPM Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 443,713 shares of the company’s stock after selling 82,510 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Triple Flag Precious Metals were worth $12,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in Triple Flag Precious Metals during the 2nd quarter worth about $36,000. ORG Wealth Partners LLC acquired a new stake in Triple Flag Precious Metals during the second quarter valued at $97,000. Tower Research Capital LLC TRC grew its stake in shares of Triple Flag Precious Metals by 160.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock valued at $119,000 after buying an additional 3,086 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Triple Flag Precious Metals by 4,954.7% during the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock valued at $140,000 after purchasing an additional 5,797 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new position in Triple Flag Precious Metals in the 2nd quarter worth $206,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 1.6%

Shares of NYSE:TFPM opened at $32.69 on Friday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 0.80 and a beta of -0.21. The company’s fifty day simple moving average is $31.79 and its 200 day simple moving average is $28.36. Triple Flag Precious Metals Corp. has a 12 month low of $15.05 and a 12 month high of $35.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Triple Flag Precious Metals (NYSE:TFPM) last released its earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The business had revenue of $93.50 million during the quarter, compared to the consensus estimate of $87.46 million. As a group, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.0575 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 22.77%.

Wall Street Analyst Weigh In

Several brokerages have commented on TFPM. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Wednesday, October 8th. Scotiabank lowered their target price on shares of Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. 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, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.