Triple Flag Precious Metals (NYSE:TFPM) Shares Down 5% – Time to Sell?

Triple Flag Precious Metals Corp. (NYSE:TFPM) was down 5% during trading on Monday . The company traded as low as $29.88 and last traded at $29.93. 477,992 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 662,474 shares. The stock had previously closed at $31.49.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals 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 note on Friday, June 12th. Weiss Ratings cut shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Zacks Research downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.00.

Triple Flag Precious Metals Stock Down 4.7%

The stock has a market capitalization of $6.20 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 3.33 and a beta of -0.19. The company has a fifty day simple moving average of $31.03 and a two-hundred day simple moving average of $34.12.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Triple Flag Precious Metals Corp. will post 1.53 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TFPM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Triple Flag Precious Metals by 39.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock valued at $77,373,000 after buying an additional 753,923 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Triple Flag Precious Metals by 25.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,628,151 shares of the company’s stock worth $76,908,000 after acquiring an additional 530,357 shares during the period. Van ECK Associates Corp raised its holdings in shares of Triple Flag Precious Metals by 10.8% during the third quarter. Van ECK Associates Corp now owns 2,555,954 shares of the company’s stock worth $75,244,000 after acquiring an additional 250,123 shares during the period. Tidal Investments LLC lifted its position in Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock valued at $70,113,000 after acquiring an additional 893,566 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Triple Flag Precious Metals by 82.2% in the 4th quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock valued at $56,198,000 after acquiring an additional 762,826 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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.