Olympiad Research LP Invests $439,000 in Triple Flag Precious Metals Corp. $TFPM

Olympiad Research LP bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,014 shares of the company’s stock, valued at approximately $439,000. Triple Flag Precious Metals makes up 0.6% of Olympiad Research LP’s holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TFPM. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 125,746 shares during the period. ORG Wealth Partners LLC acquired a new position in Triple Flag Precious Metals during the 2nd quarter worth about $97,000. Ascent Group LLC grew its position in shares of Triple Flag Precious Metals by 198.1% in the 2nd quarter. Ascent Group LLC now owns 50,885 shares of the company’s stock valued at $1,205,000 after buying an additional 33,816 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of Triple Flag Precious Metals in the 2nd quarter valued at about $206,000. Finally, TD Asset Management Inc increased its stake in shares of Triple Flag Precious Metals by 19.4% in the second quarter. TD Asset Management Inc now owns 612,618 shares of the company’s stock valued at $14,497,000 after buying an additional 99,598 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TFPM has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Scotiabank lowered their price objective on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $30.00.

Triple Flag Precious Metals Stock Performance

NYSE TFPM opened at $37.54 on Thursday. The company has a fifty day moving average price of $33.74 and a 200-day moving average price of $29.47. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 1.15 and a beta of -0.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68. Triple Flag Precious Metals Corp. has a 1 year low of $15.45 and a 1 year high of $39.73.

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

Triple Flag Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 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 0.6%. The ex-dividend date was Monday, December 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is 22.77%.

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.