Alps Advisors Inc. Acquires 58,519 Shares of Triple Flag Precious Metals Corp. $TFPM

Alps Advisors Inc. boosted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 118.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,925 shares of the company’s stock after buying an additional 58,519 shares during the quarter. Alps Advisors Inc. owned approximately 0.05% of Triple Flag Precious Metals worth $3,158,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TFPM. Bessemer Group Inc. bought a new stake in shares of Triple Flag Precious Metals in the 3rd quarter worth approximately $27,000. Employees Retirement System of Texas bought a new stake in shares of Triple Flag Precious Metals in the second quarter valued at $36,000. SBI Securities Co. Ltd. lifted its position in shares of Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after buying an additional 706 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Triple Flag Precious Metals by 160.0% during 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 during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Triple Flag Precious Metals by 4,954.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock worth $140,000 after acquiring an additional 5,797 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Shares of TFPM opened at $35.74 on Tuesday. Triple Flag Precious Metals Corp. has a 12-month low of $16.26 and a 12-month high of $40.29. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.38 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.02 and a beta of -0.21. The stock has a 50-day moving average price of $35.01 and a 200-day moving average price of $30.68.

Wall Street Analysts Forecast Growth

TFPM has been the topic of several recent research reports. Zacks Research downgraded shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Bank of America raised their price objective on shares of Triple Flag Precious Metals from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Scotiabank boosted their target price on shares of Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

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.