Silverlake Wealth Management LLC Makes New $478,000 Investment in Triple Flag Precious Metals Corp. $TFPM

Silverlake Wealth Management LLC acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,961 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TFPM. U S Global Investors Inc. grew its position in Triple Flag Precious Metals by 30.7% during the fourth quarter. U S Global Investors Inc. now owns 279,270 shares of the company’s stock worth $9,277,000 after buying an additional 65,605 shares in the last quarter. Vanguard Group Inc. increased its stake in Triple Flag Precious Metals by 82.2% during the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock valued at $56,198,000 after acquiring an additional 762,826 shares during the period. Dimensional Fund Advisors LP raised its holdings in Triple Flag Precious Metals by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock valued at $20,787,000 after acquiring an additional 48,144 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Triple Flag Precious Metals by 107.7% in the 4th quarter. Intact Investment Management Inc. now owns 108,000 shares of the company’s stock valued at $3,589,000 after acquiring an additional 56,000 shares in the last quarter. Finally, Lummis Asset Management LP lifted its position in shares of Triple Flag Precious Metals by 33.7% in the 4th quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock worth $4,366,000 after acquiring an additional 33,115 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.6%

Shares of TFPM opened at $31.47 on Friday. The company has a 50-day moving average price of $29.47 and a two-hundred day moving average price of $32.91. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.82 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 12 month low of $24.75 and a 12 month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The company had revenue of $129.20 million for the quarter, compared to analyst estimates of $129.20 million. Equities research analysts expect that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.24 annualized dividend and a yield of 0.8%. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s payout ratio is presently 11.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TFPM. Canaccord Genuity Group raised Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report 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 for the company in a research report on Thursday, July 9th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Scotiabank decreased their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group lowered 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 report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.