Triple Flag Precious Metals Corp. $TFPM Shares Bought by McAlvany Wealth Management LLC

McAlvany Wealth Management LLC increased its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 16.1% in the third quarter, HoldingsChannel reports. The fund owned 203,134 shares of the company’s stock after purchasing an additional 28,113 shares during the period. Triple Flag Precious Metals makes up about 3.1% of McAlvany Wealth Management LLC’s portfolio, making the stock its 8th biggest position. McAlvany Wealth Management LLC’s holdings in Triple Flag Precious Metals were worth $6,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Sigma Planning Corp grew its position in Triple Flag Precious Metals by 60.3% during the 3rd quarter. Sigma Planning Corp now owns 40,103 shares of the company’s stock worth $1,236,000 after acquiring an additional 15,090 shares during the last quarter. Sowell Financial Services LLC lifted its position in Triple Flag Precious Metals by 25.3% in the third quarter. Sowell Financial Services LLC now owns 11,435 shares of the company’s stock valued at $352,000 after purchasing an additional 2,311 shares during the last quarter. U S Global Investors Inc. lifted its position in Triple Flag Precious Metals by 47.5% in the third quarter. U S Global Investors Inc. now owns 253,667 shares of the company’s stock valued at $7,815,000 after purchasing an additional 81,667 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Triple Flag Precious Metals by 13.8% in the third quarter. TD Waterhouse Canada Inc. now owns 63,476 shares of the company’s stock valued at $1,886,000 after purchasing an additional 7,684 shares during the last quarter. Finally, Echo45 Advisors LLC boosted its stake in shares of Triple Flag Precious Metals by 6.5% during the third quarter. Echo45 Advisors LLC now owns 7,390 shares of the company’s stock valued at $228,000 after purchasing an additional 448 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Up 2.6%

Shares of Triple Flag Precious Metals stock opened at $28.87 on Tuesday. The business has a 50 day moving average of $31.77 and a 200 day moving average of $32.78. Triple Flag Precious Metals Corp. has a 52 week low of $26.61 and a 52 week high of $41.70. The company has a market cap of $5.94 billion, a PE ratio of 14.51, a P/E/G ratio of 3.18 and a beta of -0.13.

Triple Flag Precious Metals (NYSE:TFPM) last released 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. The business had revenue of $129.20 million for the quarter, compared to analysts’ expectations of $129.20 million. Triple Flag Precious Metals had a net margin of 84.32% and a return on equity of 14.09%. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.33 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.0575. Triple Flag Precious Metals’s dividend payout ratio is currently 12.06%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TFPM. Bank of America decreased their target price 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. Royal Bank Of Canada increased their price target on shares of Triple Flag Precious Metals from $40.00 to $41.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Weiss Ratings raised shares of Triple Flag Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Jefferies Financial Group cut 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 report on Monday, July 6th. Finally, Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Triple Flag Precious Metals has an average rating of “Moderate Buy” and an average target price of $39.25.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company headquartered in Toronto, Canada. The company provides upfront financing to mining companies in exchange for the right to purchase a portion of future production, typically at predetermined prices. Its agreements are primarily focused on gold and silver, along with other precious metals and related by-products.

Triple Flag does not generally operate mines directly. Instead, it builds a diversified portfolio of streams and royalties linked to producing, developing and exploration-stage assets.