Cibc World Market Inc. Purchases Shares of 165,768 Triple Flag Precious Metals Corp. $TFPM

Cibc World Market Inc. purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) during the 2nd quarter, Holdings Channel reports. The firm purchased 165,768 shares of the company’s stock, valued at approximately $4,962,000.

Other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Triple Flag Precious Metals during the first quarter worth about $33,000. Quarry LP acquired a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in Triple Flag Precious Metals by 120.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock valued at $40,000 after acquiring an additional 664 shares in the last quarter. Caitlin John LLC lifted its position in shares of Triple Flag Precious Metals by 11.2% in the 4th quarter. Caitlin John LLC now owns 3,730 shares of the company’s stock worth $124,000 after acquiring an additional 375 shares during the period. Finally, Evelyn Partners Asset Management Ltd grew its holdings in shares of Triple Flag Precious Metals by 33.3% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company’s stock worth $139,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TFPM. BMO Capital Markets restated 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 Sunday, July 12th. Zacks Research upgraded shares of Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Scotiabank reduced their price objective on shares of Triple Flag Precious Metals from $43.00 to $39.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Triple Flag Precious Metals Price Performance

Shares of TFPM stock opened at $35.72 on Wednesday. The stock’s fifty day simple moving average is $30.08 and its 200 day simple moving average is $32.72. Triple Flag Precious Metals Corp. has a one year low of $26.00 and a one year high of $41.70. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 3.07 and a beta of -0.18.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The firm had revenue of $129.20 million during the quarter, compared to analyst estimates of $129.20 million. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 1.43 earnings per share for the current year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.24 annualized dividend and a yield of 0.7%. This is an increase from Triple Flag Precious Metals’s previous quarterly dividend of $0.06. Triple Flag Precious Metals’s payout ratio is 11.56%.

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.