Virtu Financial LLC Takes Position in Triple Flag Precious Metals Corp. $TFPM

Virtu Financial LLC purchased a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 4th quarter, HoldingsChannel reports. The fund purchased 21,297 shares of the company’s stock, valued at approximately $707,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. Caitlin John LLC raised its stake in Triple Flag Precious Metals by 11.2% during the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after purchasing an additional 375 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Triple Flag Precious Metals by 4,948.8% during the fourth quarter. NewEdge Advisors LLC now owns 6,311 shares of the company’s stock valued at $210,000 after buying an additional 6,186 shares in the last quarter. Oxford Asset Management LLP grew its holdings in shares of Triple Flag Precious Metals by 25.1% during the fourth quarter. Oxford Asset Management LLP now owns 24,438 shares of the company’s stock valued at $812,000 after buying an additional 4,904 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $208,000. Finally, Investment Management Corp of Ontario acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $285,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $29.84 on Tuesday. Triple Flag Precious Metals Corp. has a fifty-two week low of $22.60 and a fifty-two week high of $41.70. The stock’s 50-day moving average is $32.05 and its two-hundred day moving average is $34.35. The firm has a market cap of $6.17 billion, a P/E ratio of 19.76, a PEG ratio of 3.18 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last posted 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 company had revenue of $147.00 million during 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%. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 1.52 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

TFPM has been the subject of a number of research reports. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Canaccord Genuity Group raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Zacks Research cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday, June 12th. Finally, Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.