U S Global Investors Inc. Grows Position in Triple Flag Precious Metals Corp. $TFPM

U S Global Investors Inc. boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 30.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,270 shares of the company’s stock after buying an additional 65,605 shares during the quarter. Triple Flag Precious Metals makes up 1.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 26th largest holding. U S Global Investors Inc.’s holdings in Triple Flag Precious Metals were worth $9,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ninety One UK Ltd raised its position in Triple Flag Precious Metals by 1.1% in the 4th quarter. Ninety One UK Ltd now owns 733,987 shares of the company’s stock valued at $24,423,000 after buying an additional 7,780 shares during the last quarter. Merit Financial Group LLC raised its position in Triple Flag Precious Metals by 13.0% in the 4th quarter. Merit Financial Group LLC now owns 11,048 shares of the company’s stock valued at $367,000 after buying an additional 1,274 shares during the last quarter. PFG Investments LLC raised its position in Triple Flag Precious Metals by 3.1% in the 4th quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock valued at $304,000 after buying an additional 279 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Triple Flag Precious Metals in the 4th quarter valued at $227,000. Finally, Ascent Group LLC raised its position in Triple Flag Precious Metals by 2.0% in the 4th quarter. Ascent Group LLC now owns 31,552 shares of the company’s stock valued at $1,048,000 after buying an additional 624 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TFPM. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, February 4th. Scotiabank raised their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Wall Street Zen lowered Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Triple Flag Precious Metals Price Performance

Shares of Triple Flag Precious Metals stock opened at $33.93 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $19.36 and a 1 year high of $41.70. The firm has a market cap of $7.01 billion, a PE ratio of 28.76, a P/E/G ratio of 3.54 and a beta of -0.09. The stock has a fifty day moving average price of $36.05 and a 200-day moving average price of $34.02.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%.The firm had revenue of $118.92 million during the quarter, compared to analyst estimates of $114.92 million. As a group, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.37 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0575 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. Triple Flag Precious Metals’s dividend payout ratio is presently 19.49%.

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.