Jefferies Financial Group Inc. Invests $3.57 Million in Triple Flag Precious Metals Corp. $TFPM

Jefferies Financial Group Inc. acquired a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 119,179 shares of the company’s stock, valued at approximately $3,572,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TFPM. Vanguard Group Inc. raised its holdings in Triple Flag Precious Metals by 82.2% during the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after purchasing an additional 762,826 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 48,144 shares during the period. Intact Investment Management Inc. raised its stake in shares of Triple Flag Precious Metals by 107.7% during the fourth quarter. Intact Investment Management Inc. now owns 108,000 shares of the company’s stock worth $3,589,000 after buying an additional 56,000 shares during the last quarter. Lummis Asset Management LP lifted its holdings in Triple Flag Precious Metals by 33.7% in the fourth quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock valued at $4,366,000 after buying an additional 33,115 shares during the period. Finally, TD Asset Management Inc boosted its stake in Triple Flag Precious Metals by 9.4% in the fourth quarter. TD Asset Management Inc now owns 734,670 shares of the company’s stock valued at $24,445,000 after acquiring an additional 63,128 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TFPM has been the topic of a number of analyst reports. Wall Street Zen downgraded Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Bank of America reduced their target price on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a 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 report on Friday, June 12th. Finally, Jefferies Financial Group cut their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Triple Flag Precious Metals Trading Down 3.0%

Shares of Triple Flag Precious Metals stock opened at $33.98 on Friday. The stock’s fifty day simple moving average is $30.35 and its 200 day simple moving average is $32.75. The company has a market capitalization of $7.00 billion, a PE ratio of 17.08, a PEG ratio of 3.10 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 12 month low of $26.61 and a 12 month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $129.20 million during the quarter, compared to the consensus estimate of $129.20 million. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%. Analysts predict that Triple Flag Precious Metals Corp. will post 1.43 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 11.56%.

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.