Triple Flag Precious Metals Corp. $TFPM Shares Sold by Lummis Asset Management LP

Lummis Asset Management LP trimmed its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 40.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,306 shares of the company’s stock after selling 66,910 shares during the quarter. Triple Flag Precious Metals accounts for about 1.9% of Lummis Asset Management LP’s portfolio, making the stock its 18th largest position. Lummis Asset Management LP’s holdings in Triple Flag Precious Metals were worth $2,876,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in shares of Triple Flag Precious Metals during the third quarter valued at about $27,000. Employees Retirement System of Texas purchased a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $36,000. SBI Securities Co. Ltd. increased its stake in Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock valued at $41,000 after purchasing an additional 706 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Triple Flag Precious Metals by 160.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,015 shares of the company’s stock worth $119,000 after buying an additional 3,086 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Triple Flag Precious Metals by 4,954.7% in the second quarter. Osaic Holdings Inc. now owns 5,914 shares of the company’s stock worth $140,000 after buying an additional 5,797 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Up 0.9%

Shares of Triple Flag Precious Metals stock opened at $39.10 on Wednesday. The firm has a market cap of $8.08 billion, a PE ratio of 33.13, a P/E/G ratio of 1.04 and a beta of -0.21. Triple Flag Precious Metals Corp. has a twelve month low of $16.40 and a twelve month high of $40.29. The business has a 50-day moving average price of $35.74 and a 200 day moving average price of $31.66.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. Triple Flag Precious Metals had a return on equity of 10.82% and a net margin of 61.74%. On average, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.23 dividend on an annualized basis and a yield of 0.6%. Triple Flag Precious Metals’s dividend payout ratio (DPR) is currently 19.49%.

Analyst Ratings Changes

TFPM has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday, January 15th. Zacks Research upgraded Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.25.

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.