Spark Investment Management LLC Has $1.93 Million Stock Position in Triple Flag Precious Metals Corp. $TFPM

Spark Investment Management LLC lessened its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 46.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,000 shares of the company’s stock after selling 50,000 shares during the period. Triple Flag Precious Metals makes up 4.8% of Spark Investment Management LLC’s portfolio, making the stock its 8th biggest position. Spark Investment Management LLC’s holdings in Triple Flag Precious Metals were worth $1,927,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its holdings in shares of Triple Flag Precious Metals by 213.3% in the 4th quarter. Clearbridge Investments LLC now owns 177,929 shares of the company’s stock valued at $5,911,000 after acquiring an additional 121,137 shares in the last quarter. TD Asset Management Inc raised its holdings in Triple Flag Precious Metals by 9.4% in the 4th quarter. TD Asset Management Inc now owns 734,670 shares of the company’s stock valued at $24,445,000 after acquiring an additional 63,128 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Triple Flag Precious Metals by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 65,018 shares of the company’s stock worth $2,162,000 after acquiring an additional 3,447 shares during the period. Norges Bank acquired a new position in Triple Flag Precious Metals in the 4th quarter valued at $49,550,000. Finally, Lummis Asset Management LP raised its stake in Triple Flag Precious Metals by 33.7% in the 4th quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock worth $4,366,000 after purchasing an additional 33,115 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Trading Down 0.0%

Shares of NYSE TFPM opened at $28.27 on Monday. Triple Flag Precious Metals Corp. has a 1-year low of $22.60 and a 1-year high of $41.70. The firm has a market capitalization of $5.84 billion, a P/E ratio of 18.72, a P/E/G ratio of 5.18 and a beta of -0.22. The firm’s 50-day moving average price is $33.22 and its 200-day moving average price is $34.54.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a net margin of 68.68% and a return on equity of 12.90%. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 1.43 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

TFPM has been the subject of several research analyst reports. Zacks Research downgraded Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.