Triple Flag Precious Metals Corp. $TFPM Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 16.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,242 shares of the company’s stock after selling 16,585 shares during the quarter. Royal Bank of Canada’s holdings in Triple Flag Precious Metals were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TFPM. Banque Cantonale Vaudoise acquired a new position in Triple Flag Precious Metals in the first quarter valued at approximately $33,000. Quarry LP bought a new stake in shares of Triple Flag Precious Metals during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after acquiring an additional 664 shares during the period. Caitlin John LLC raised its stake in shares of Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after buying an additional 375 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd raised its position in Triple Flag Precious Metals by 33.3% in the first quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock worth $139,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.6%

Shares of Triple Flag Precious Metals stock opened at $31.47 on Friday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.82 and a beta of -0.18. The company has a 50-day simple moving average of $29.47 and a 200 day simple moving average of $32.91. 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 issued 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 business had revenue of $129.20 million for the quarter, compared to the consensus estimate of $129.20 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.4 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently disclosed 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. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 31st. Triple Flag Precious Metals’s dividend payout ratio is currently 11.56%.

Analyst Ratings Changes

Several research firms have recently weighed in on TFPM. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Scotiabank dropped their price objective 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. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, 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 report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Triple Flag Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $38.67.

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.