Triple Flag Precious Metals Corp. $TFPM is McAlvany Wealth Management LLC’s 10th Largest Position

McAlvany Wealth Management LLC reduced its position in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,877 shares of the company’s stock after selling 35,697 shares during the quarter. Triple Flag Precious Metals accounts for approximately 3.1% of McAlvany Wealth Management LLC’s holdings, making the stock its 10th biggest holding. McAlvany Wealth Management LLC owned approximately 0.07% of Triple Flag Precious Metals worth $4,894,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Triple Flag Precious Metals during the first quarter valued at approximately $33,000. Quarry LP purchased a new stake in shares of Triple Flag Precious Metals in the third quarter worth approximately $33,000. Aventura Private Wealth LLC bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of Triple Flag Precious Metals by 120.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after acquiring an additional 664 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 acquiring an additional 3,086 shares during the period. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM opened at $27.38 on Friday. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.53 and a beta of -0.19. The stock has a 50 day moving average price of $30.13 and a 200 day moving average price of $33.67. 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 data on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. Analysts forecast that Triple Flag Precious Metals Corp. will post 1.36 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is presently 15.23%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research downgraded Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings downgraded Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Finally, Jefferies Financial Group reduced 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 note on Monday, July 6th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Triple Flag Precious Metals 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.