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

Silverlake Wealth Management LLC bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the second quarter, Holdings Channel reports. The institutional investor bought 15,961 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors have also recently added to or reduced their stakes in TFPM. Banque Cantonale Vaudoise acquired a new position in Triple Flag Precious Metals in the first quarter valued at about $33,000. Quarry LP acquired a new stake in shares of Triple Flag Precious Metals during the third quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its holdings 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 worth $40,000 after buying an additional 664 shares in the last quarter. Caitlin John LLC raised its stake in shares of Triple Flag Precious Metals by 11.2% in the fourth quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after acquiring an additional 375 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd raised its stake in shares of 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 valued at $139,000 after acquiring an additional 1,000 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on TFPM shares. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Bank of America dropped their price target 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. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Jefferies Financial Group reduced their price objective on 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. Finally, Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Triple Flag Precious Metals Trading Up 0.6%

Shares of NYSE TFPM opened at $31.47 on Friday. Triple Flag Precious Metals Corp. has a 1-year low of $24.75 and a 1-year high of $41.70. The company has a market cap of $6.48 billion, a PE ratio of 15.82, a P/E/G ratio of 2.82 and a beta of -0.18. The company has a 50-day moving average of $29.47 and a two-hundred day moving average of $32.91.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. The company had revenue of $129.20 million for the quarter, compared to analyst estimates of $129.20 million. As a group, equities research analysts forecast 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 given a $0.06 dividend. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, August 31st. This represents a $0.24 annualized dividend and a yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is presently 11.56%.

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.