Triple Flag Precious Metals Corp. $TFPM Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lessened its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,022 shares of the company’s stock after selling 32,702 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Triple Flag Precious Metals were worth $2,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth about $27,000. Quarry LP acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth about $33,000. Aventura Private Wealth LLC acquired a new position in shares of Triple Flag Precious Metals during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of Triple Flag Precious Metals by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company’s stock worth $40,000 after purchasing an additional 664 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth about $98,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Performance

NYSE:TFPM opened at $29.18 on Friday. Triple Flag Precious Metals Corp. has a one year low of $22.60 and a one year high of $41.70. The business’s 50-day simple moving average is $32.68 and its 200 day simple moving average is $34.43. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 5.06 and a beta of -0.22.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $147.00 million. On average, equities research analysts predict that Triple Flag Precious Metals Corp. will post 1.45 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

TFPM has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Monday, April 20th. Zacks Research cut Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a research note on Friday. Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Canaccord Genuity Group upgraded Triple Flag Precious Metals from a “hold” rating to a “buy” rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.00.

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.