Sigma Planning Corp Acquires New Holdings in Triple Flag Precious Metals Corp. $TFPM

Sigma Planning Corp bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the first quarter, Holdings Channel reports. The fund bought 25,614 shares of the company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Triple Flag Precious Metals by 39.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after acquiring an additional 753,923 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in 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 purchasing an additional 530,357 shares in the last quarter. Tidal Investments LLC raised its holdings in Triple Flag Precious Metals by 59.5% during the third quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after purchasing an additional 893,566 shares in the last quarter. Vanguard Group Inc. lifted its position in Triple Flag Precious Metals by 82.2% in the fourth quarter. Vanguard Group Inc. now owns 1,691,194 shares of the company’s stock worth $56,198,000 after purchasing an additional 762,826 shares during the period. Finally, Norges Bank acquired a new stake in Triple Flag Precious Metals in the fourth quarter worth approximately $49,550,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TFPM has been the topic of several research analyst reports. Bank of America lowered their price target on Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings lowered Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Jefferies Financial Group lowered their target price on Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Scotiabank dropped their price target on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Triple Flag Precious Metals Stock Up 0.1%

Shares of NYSE TFPM opened at $27.38 on Monday. The stock’s fifty day simple moving average is $30.13 and its 200 day simple moving average is $33.68. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.55 and a beta of -0.19. Triple Flag Precious Metals Corp. has a 52-week low of $22.60 and a 52-week high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last announced its earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $147.00 million. As a group, analysts anticipate that Triple Flag Precious Metals Corp. will post 1.36 earnings per share 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. Shareholders of record on Monday, June 1st were paid a dividend of $0.0575 per share. The ex-dividend date of this dividend 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%.

Triple Flag Precious Metals Company 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.