McAlvany Wealth Management LLC Buys Shares of 184,574 Triple Flag Precious Metals Corp. $TFPM

McAlvany Wealth Management LLC purchased a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the fourth quarter, Holdings Channel reports. The fund purchased 184,574 shares of the company’s stock, valued at approximately $6,132,000. Triple Flag Precious Metals accounts for approximately 4.7% of McAlvany Wealth Management LLC’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of Triple Flag Precious Metals in the 4th quarter valued at $7,816,000. Hillsdale Investment Management Inc. boosted its holdings in Triple Flag Precious Metals by 82.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 245,000 shares of the company’s stock valued at $7,170,000 after acquiring an additional 110,700 shares during the period. TD Asset Management Inc grew its position in Triple Flag Precious Metals by 9.6% in the 3rd quarter. TD Asset Management Inc now owns 671,542 shares of the company’s stock valued at $19,663,000 after acquiring an additional 58,924 shares in the last quarter. JPMorgan Chase & Co. grew its position in Triple Flag Precious Metals by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 379,368 shares of the company’s stock valued at $11,100,000 after acquiring an additional 79,655 shares in the last quarter. Finally, Sprott Inc. increased its stake in Triple Flag Precious Metals by 49.2% during the third quarter. Sprott Inc. now owns 1,156,609 shares of the company’s stock worth $33,844,000 after purchasing an additional 381,379 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TFPM has been the topic of several research reports. Zacks Research cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings cut shares of Triple Flag Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Wall Street Zen lowered shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Triple Flag Precious Metals Price Performance

TFPM opened at $30.01 on Friday. Triple Flag Precious Metals Corp. has a 12 month low of $22.60 and a 12 month high of $41.70. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.18 and a beta of -0.22. The business has a fifty day moving average price of $32.16 and a 200 day moving average price of $34.37.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $147.00 million. Triple Flag Precious Metals had a return on equity of 12.90% and a net margin of 68.68%. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.52 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was 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 payout ratio is currently 15.23%.

Triple Flag Precious Metals Company Profile

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.