47,281 Shares in Triple Flag Precious Metals Corp. $TFPM Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the second quarter, HoldingsChannel.com reports. The fund bought 47,281 shares of the company’s stock, valued at approximately $1,417,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position 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 last quarter. Dimensional Fund Advisors LP boosted its position in Triple Flag Precious Metals by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 598,967 shares of the company’s stock worth $20,787,000 after purchasing an additional 48,144 shares during the last quarter. Intact Investment Management Inc. boosted its position in Triple Flag Precious Metals by 107.7% in the fourth quarter. Intact Investment Management Inc. now owns 108,000 shares of the company’s stock worth $3,589,000 after purchasing an additional 56,000 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Triple Flag Precious Metals by 9.4% during the 4th quarter. TD Asset Management Inc now owns 734,670 shares of the company’s stock valued at $24,445,000 after purchasing an additional 63,128 shares during the period. Finally, Lummis Asset Management LP grew its stake in shares of Triple Flag Precious Metals by 33.7% during the 4th quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock valued at $4,366,000 after purchasing an additional 33,115 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $35.72 on Wednesday. The stock has a 50-day simple moving average of $30.08 and a two-hundred day simple moving average of $32.72. The firm has a market capitalization of $7.36 billion, a PE ratio of 17.95, a P/E/G ratio of 3.07 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 52-week low of $26.00 and a 52-week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. Equities analysts forecast that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued 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 0.7%. 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 currently 11.56%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TFPM. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Bank of America cut their target price on shares of 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. Jefferies Financial Group cut their target price on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Weiss Ratings cut shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Six investment 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 presently has a consensus rating of “Moderate Buy” and a consensus 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.