Goehring & Rozencwajg Associates LLC Lowers Stock Holdings in Triple Flag Precious Metals Corp. $TFPM

Goehring & Rozencwajg Associates LLC lowered its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,022 shares of the company’s stock after selling 32,702 shares during the period. Goehring & Rozencwajg Associates LLC’s holdings in Triple Flag Precious Metals were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TFPM. Bessemer Group Inc. purchased a new stake in shares of Triple Flag Precious Metals in the third quarter valued at $27,000. Quarry LP purchased a new stake in shares of Triple Flag Precious Metals in the third quarter valued at $33,000. Aventura Private Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in shares of Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after purchasing an additional 664 shares during the period. Finally, Caitlin John LLC purchased a new stake in shares of Triple Flag Precious Metals in the third quarter valued at $98,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Friday. Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Finally, Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Triple Flag Precious Metals Trading Up 4.2%

Shares of Triple Flag Precious Metals stock opened at $29.18 on Friday. Triple Flag Precious Metals Corp. has a twelve month low of $22.60 and a twelve month high of $41.70. The stock has a market capitalization of $6.03 billion, a P/E ratio of 19.33, a PEG ratio of 5.06 and a beta of -0.22. The business’s fifty day moving average price is $32.68 and its 200 day moving average price is $34.43.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $147.00 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 1.45 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

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

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.