Norges Bank Takes $49.55 Million Position in Triple Flag Precious Metals Corp. $TFPM

Norges Bank purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,491,073 shares of the company’s stock, valued at approximately $49,550,000.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Triple Flag Precious Metals in the 3rd quarter worth $27,000. Quarry LP acquired a new position in Triple Flag Precious Metals during the 3rd quarter valued at about $33,000. Aventura Private Wealth LLC purchased a new stake in Triple Flag Precious Metals in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC boosted its holdings in Triple Flag Precious Metals by 120.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after acquiring an additional 664 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Triple Flag Precious Metals by 100.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,408 shares of the company’s stock worth $41,000 after acquiring an additional 706 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TFPM. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Get Our Latest Analysis on Triple Flag Precious Metals

Triple Flag Precious Metals Trading Down 0.0%

Shares of NYSE:TFPM opened at $28.27 on Monday. Triple Flag Precious Metals Corp. has a 12-month low of $22.60 and a 12-month high of $41.70. The business has a 50 day moving average of $33.22 and a two-hundred day moving average of $34.54. The company has a market capitalization of $5.84 billion, a PE ratio of 18.72, a PEG ratio of 5.18 and a beta of -0.22.

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

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. Triple Flag Precious Metals’s dividend payout ratio is presently 15.23%.

Triple Flag Precious Metals Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TFPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report).

Institutional Ownership by Quarter for Triple Flag Precious Metals (NYSE:TFPM)

Receive News & Ratings for Triple Flag Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple Flag Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.