Csenge Advisory Group Makes New Investment in Triple Flag Precious Metals Corp. $TFPM

Csenge Advisory Group bought a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 46,860 shares of the company’s stock, valued at approximately $1,371,000.

Several other hedge funds also recently modified their holdings of TFPM. Corundum Trust Company INC bought a new stake in shares of Triple Flag Precious Metals during the third quarter worth approximately $170,000. SG Americas Securities LLC acquired a new stake in Triple Flag Precious Metals during the 3rd quarter worth $252,000. Earned Wealth Advisors LLC raised its position in shares of Triple Flag Precious Metals by 18.7% during the 3rd quarter. Earned Wealth Advisors LLC now owns 14,493 shares of the company’s stock valued at $424,000 after acquiring an additional 2,279 shares during the last quarter. U S Global Investors Inc. lifted its stake in shares of Triple Flag Precious Metals by 1.9% in the 3rd quarter. U S Global Investors Inc. now owns 213,665 shares of the company’s stock valued at $6,252,000 after purchasing an additional 3,898 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of Triple Flag Precious Metals by 10.4% in the 3rd quarter. Merit Financial Group LLC now owns 9,774 shares of the company’s stock worth $286,000 after purchasing an additional 919 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TFPM has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Triple Flag Precious Metals in a report on Thursday. Scotiabank decreased their target price on Triple Flag Precious Metals from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. 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. Zacks Research lowered shares of Triple Flag Precious Metals from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.00.

Triple Flag Precious Metals Trading Up 1.4%

NYSE:TFPM opened at $36.95 on Friday. 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 business’s 50-day simple moving average is $33.31 and its 200-day simple moving average is $29.19. Triple Flag Precious Metals Corp. has a fifty-two week low of $15.45 and a fifty-two week high of $37.60. The stock has a market capitalization of $7.63 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 1.24 and a beta of -0.21.

Triple Flag Precious Metals (NYSE:TFPM) last posted its earnings results 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 return on equity of 9.56% and a net margin of 59.43%.The business had revenue of $93.50 million during the quarter, compared to analysts’ expectations of $87.46 million. Sell-side analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.0575 dividend. This represents a $0.23 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 1st. Triple Flag Precious Metals’s payout ratio is currently 22.77%.

Triple Flag Precious Metals 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.