Hara Capital LLC Makes New $463,000 Investment in Triple Flag Precious Metals Corp. $TFPM

Hara Capital LLC acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,439 shares of the company’s stock, valued at approximately $463,000.

A number of other large investors have also recently made changes to their positions in TFPM. Banque Cantonale Vaudoise acquired a new position in shares of Triple Flag Precious Metals in the 1st quarter valued at $33,000. Quarry LP purchased a new stake in Triple Flag Precious Metals during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its stake in Triple Flag Precious Metals by 120.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after purchasing an additional 664 shares during the last quarter. Tower Research Capital LLC TRC increased 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 valued at $119,000 after purchasing an additional 3,086 shares during the period. Finally, Caitlin John LLC raised its stake in shares of Triple Flag Precious Metals by 11.2% in the fourth quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after purchasing an additional 375 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TFPM. Bank of America dropped their target price 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. Scotiabank reduced their price target 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 report on Tuesday, July 14th. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a report on Friday, June 12th. Finally, Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $38.67.

Triple Flag Precious Metals Stock Up 1.8%

Shares of TFPM opened at $33.32 on Friday. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.95 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 52 week low of $25.36 and a 52 week high of $41.70. The stock’s 50-day moving average price is $29.82 and its 200-day moving average price is $32.72.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The company had revenue of $129.20 million during the quarter, compared to analysts’ expectations of $129.20 million. As a group, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s dividend payout ratio is 11.56%.

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.