Triple Flag Precious Metals Corp. $TFPM Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,670 shares of the company’s stock after purchasing an additional 63,128 shares during the period. TD Asset Management Inc owned approximately 0.36% of Triple Flag Precious Metals worth $24,445,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TFPM. Assenagon Asset Management S.A. acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $7,816,000. Hillsdale Investment Management Inc. grew its stake in shares of Triple Flag Precious Metals by 82.4% in the third quarter. Hillsdale Investment Management Inc. now owns 245,000 shares of the company’s stock valued at $7,170,000 after buying an additional 110,700 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Triple Flag Precious Metals by 118.4% in the third quarter. Alps Advisors Inc. now owns 107,925 shares of the company’s stock valued at $3,158,000 after buying an additional 58,519 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Triple Flag Precious Metals by 26.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 379,368 shares of the company’s stock valued at $11,100,000 after buying an additional 79,655 shares during the period. Finally, Sprott Inc. raised its holdings in shares of Triple Flag Precious Metals by 49.2% during the 3rd quarter. Sprott Inc. now owns 1,156,609 shares of the company’s stock valued at $33,844,000 after buying an additional 381,379 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TFPM has been the topic of several recent research reports. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Triple Flag Precious Metals Stock Down 0.0%

Shares of TFPM opened at $28.27 on Monday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.18 and a beta of -0.22. The business’s 50 day moving average is $33.22 and its two-hundred day moving average is $34.54. Triple Flag Precious Metals Corp. has a 52-week low of $22.60 and a 52-week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. On average, equities analysts expect that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 15.23%.

About Triple Flag Precious Metals

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.