Triple Flag Precious Metals Corp. $TFPM Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 9.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 211,098 shares of the company’s stock after buying an additional 18,843 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.10% of Triple Flag Precious Metals worth $7,327,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PFG Investments LLC raised its stake in Triple Flag Precious Metals by 3.1% during the fourth quarter. PFG Investments LLC now owns 9,149 shares of the company’s stock worth $304,000 after acquiring an additional 279 shares during the period. Linden Thomas Advisory Services LLC boosted its position in Triple Flag Precious Metals by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,253 shares of the company’s stock valued at $241,000 after purchasing an additional 290 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Triple Flag Precious Metals by 2.2% during the third quarter. Public Employees Retirement System of Ohio now owns 16,751 shares of the company’s stock valued at $491,000 after acquiring an additional 368 shares during the period. Caitlin John LLC boosted its stake in Triple Flag Precious Metals by 11.2% during the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock valued at $124,000 after purchasing an additional 375 shares during the period. Finally, Blue Trust Inc. grew its holdings in Triple Flag Precious Metals by 4.2% in the 4th quarter. Blue Trust Inc. now owns 15,163 shares of the company’s stock worth $504,000 after buying an additional 609 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TFPM shares. Jefferies Financial Group dropped their price target on shares of Triple Flag Precious Metals from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. BMO Capital Markets reissued a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Bank of America lowered their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Finally, Scotiabank cut their target price on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Triple Flag Precious Metals presently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Triple Flag Precious Metals Trading Up 0.3%

TFPM stock opened at $28.64 on Thursday. Triple Flag Precious Metals Corp. has a one year low of $22.60 and a one year high of $41.70. The firm has a 50-day moving average of $29.37 and a two-hundred day moving average of $33.39. The firm has a market capitalization of $5.90 billion, a PE ratio of 18.97, a P/E/G ratio of 2.52 and a beta of -0.19.

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

Triple Flag Precious Metals Announces Dividend

The company also recently announced 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. This represents a $0.23 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Triple Flag Precious Metals’s payout ratio is 15.23%.

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.