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Sprott Inc. Reduces Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

2024-06-09 22:54:04.179000

Sprott Inc., a Canadian asset management company, has sold 545,092 shares of Triple Flag Precious Metals Corp. (NYSE:TFPM), reducing its position in the company by 16.5%. Sprott Inc. now owns 2,751,363 shares of TFPM, making it the 10th largest position in their portfolio. Other hedge funds have also made adjustments to their positions in TFPM. Barclays PLC increased its position by 0.7%, Meixler Investment Management Ltd. increased its stake by 8.4%, Zurcher Kantonalbank Zurich Cantonalbank increased its stake by 51.7%, Mariner LLC increased its stake by 21.6%, and HighTower Advisors LLC increased its stake by 50.4%. Triple Flag Precious Metals Corp. is a precious-metals-focused streaming and royalty company with a market cap of $3.04 billion and a PE ratio of 79.64. The company reported earnings per share of $0.12 for the last quarter, beating the consensus estimate of $0.11. Analysts have given TFPM an average rating of 'Moderate Buy' with an average price target of $20.83. [3048fea8]

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