Triple Flag Precious Metals Corp. $TFPM Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lessened its position in Triple Flag Precious Metals Corp. (NYSE:TFPM – Free Report) by 38.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 151,100 shares of the company’s stock after selling 93,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Triple Flag Precious Metals were worth $5,030,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lummis Asset Management LP raised its position in shares of Triple Flag Precious Metals by 33.7% in the fourth quarter. Lummis Asset Management LP now owns 131,421 shares of the company’s stock valued at $4,366,000 after buying an additional 33,115 shares during the last quarter. Savant Capital LLC grew its holdings in Triple Flag Precious Metals by 5.7% in the 4th quarter. Savant Capital LLC now owns 48,794 shares of the company’s stock valued at $1,621,000 after buying an additional 2,627 shares during the period. Connecticut Capital Management Group LLC purchased a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $506,000. Geode Capital Management LLC grew its holdings in Triple Flag Precious Metals by 34.4% in the 4th quarter. Geode Capital Management LLC now owns 51,338 shares of the company’s stock valued at $1,741,000 after buying an additional 13,129 shares during the period. Finally, Themes Management Co LLC purchased a new stake in Triple Flag Precious Metals in the 4th quarter valued at about $238,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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Triple Flag Precious Metals Stock Performance

Shares of NYSE:TFPM opened at $31.62 on Friday. Triple Flag Precious Metals Corp. has a 1 year low of $21.54 and a 1 year high of $41.70. The stock has a market capitalization of $6.53 billion, a P/E ratio of 20.94, a PEG ratio of 5.80 and a beta of -0.20. The stock has a 50-day simple moving average of $33.39 and a 200-day simple moving average of $34.53.

Triple Flag Precious Metals (NYSE:TFPM – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%.The business had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $147.00 million. Analysts predict that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.0575 per share. The ex-dividend date is Monday, June 1st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. Triple Flag Precious Metals’s payout ratio is presently 15.23%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TFPM shares. Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Wall Street Zen upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a report on Monday, April 20th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Triple Flag Precious Metals in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Read Our Latest Stock Report on TFPM

Triple Flag Precious Metals 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.

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