Calydon Capital Has $712,000 Stake in Triple Flag Precious Metals Corp. $TFPM

Calydon Capital reduced its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,335 shares of the company’s stock after selling 24,335 shares during the quarter. Calydon Capital’s holdings in Triple Flag Precious Metals were worth $712,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Triple Flag Precious Metals in the 3rd quarter valued at approximately $27,000. SBI Securities Co. Ltd. raised its holdings in Triple Flag Precious Metals by 100.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after buying an additional 706 shares during the period. Employees Retirement System of Texas bought a new position in Triple Flag Precious Metals in the second quarter valued at approximately $36,000. Caitlin John LLC bought a new position in Triple Flag Precious Metals in the third quarter valued at approximately $98,000. Finally, Tower Research Capital LLC TRC boosted 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 buying an additional 3,086 shares during the period. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TFPM. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research upgraded Triple Flag Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Scotiabank lifted their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock opened at $35.88 on Friday. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.85 and a beta of -0.28. The firm has a 50-day moving average of $37.04 and a 200-day moving average of $32.80. Triple Flag Precious Metals Corp. has a one year low of $17.72 and a one year high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM) last issued its earnings results on Wednesday, February 18th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Triple Flag Precious Metals had a net margin of 61.74% and a return on equity of 10.82%. The business had revenue of $118.92 million for the quarter, compared to the consensus estimate of $114.92 million. As a group, sell-side analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.0575 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. Triple Flag Precious Metals’s payout ratio is currently 19.49%.

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.