Winmill & CO. Inc. Purchases New Position in Triple Flag Precious Metals Corp. $TFPM

Winmill & CO. Inc. purchased a new stake 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 firm purchased 30,000 shares of the company’s stock, valued at approximately $711,000.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Triple Flag Precious Metals by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 305,826 shares of the company’s stock valued at $5,857,000 after acquiring an additional 125,746 shares in the last quarter. Ascent Group LLC purchased a new position in Triple Flag Precious Metals during the first quarter valued at approximately $327,000. Drucker Wealth 3.0 LLC purchased a new position in Triple Flag Precious Metals during the second quarter valued at approximately $206,000. SCS Capital Management LLC purchased a new position in Triple Flag Precious Metals during the first quarter valued at approximately $15,179,000. Finally, PDT Partners LLC purchased a new position in Triple Flag Precious Metals during the first quarter valued at approximately $250,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Price Performance

Shares of NYSE:TFPM opened at $28.76 on Monday. The business’s 50 day moving average price is $28.59 and its 200-day moving average price is $24.93. The firm has a market capitalization of $5.94 billion, a PE ratio of 33.44, a P/E/G ratio of 0.93 and a beta of -0.18. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $33.51.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. Triple Flag Precious Metals had a return on equity of 8.81% and a net margin of 53.11%. As a group, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.0575 dividend. This is a boost from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Triple Flag Precious Metals’s dividend payout ratio is presently 26.74%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research report on Friday. CIBC restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Bank of America boosted their price objective on Triple Flag Precious Metals from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial restated an “outperform” rating on shares of Triple Flag Precious Metals in a research report on Friday, October 10th. Finally, Canaccord Genuity Group cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Two research 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’s stock. According to data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.