Orion Porfolio Solutions LLC Raises Stock Holdings in Triple Flag Precious Metals Corp. $TFPM

Orion Porfolio Solutions LLC grew its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 215.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,856 shares of the company’s stock after acquiring an additional 55,878 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Triple Flag Precious Metals were worth $1,939,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Triple Flag Precious Metals in the second quarter worth approximately $24,816,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Triple Flag Precious Metals by 67.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock valued at $49,731,000 after buying an additional 844,765 shares during the period. SCS Capital Management LLC purchased a new position in shares of Triple Flag Precious Metals in the 1st quarter worth $15,179,000. JPMorgan Chase & Co. grew its holdings in shares of Triple Flag Precious Metals by 741.2% in the second quarter. JPMorgan Chase & Co. now owns 299,713 shares of the company’s stock worth $7,100,000 after acquiring an additional 264,082 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Triple Flag Precious Metals by 14.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,888,643 shares of the company’s stock valued at $44,694,000 after acquiring an additional 239,670 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TFPM. Scotiabank dropped their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Zacks Research cut shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Canaccord Genuity Group downgraded shares of Triple Flag Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Wall Street Zen cut shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Triple Flag Precious Metals Stock Performance

TFPM opened at $34.46 on Friday. The company has a 50 day simple moving average of $31.10 and a two-hundred day simple moving average of $27.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $7.12 billion, a P/E ratio of 34.12, a PEG ratio of 0.94 and a beta of -0.22. Triple Flag Precious Metals Corp. has a 1-year low of $14.51 and a 1-year high of $35.77.

Triple Flag Precious Metals (NYSE:TFPM) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. The firm had revenue of $93.50 million during the quarter, compared to analysts’ expectations of $87.46 million. Equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.0575 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, December 1st. Triple Flag Precious Metals’s payout ratio is presently 22.77%.

About Triple Flag Precious Metals

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.