Anson Funds Management LP Sells 37,134 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Anson Funds Management LP lessened its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 22.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,097 shares of the company's stock after selling 37,134 shares during the period. Anson Funds Management LP owned 0.07% of Triple Flag Precious Metals worth $2,123,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth $111,000. Versor Investments LP bought a new stake in Triple Flag Precious Metals during the second quarter valued at about $160,000. 1832 Asset Management L.P. acquired a new stake in shares of Triple Flag Precious Metals in the second quarter valued at about $165,000. CIBC Asset Management Inc bought a new position in shares of Triple Flag Precious Metals in the second quarter worth about $179,000. Finally, XTX Topco Ltd acquired a new position in shares of Triple Flag Precious Metals during the 3rd quarter worth about $220,000. Institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TFPM. Scotiabank raised their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.50.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.42 during mid-day trading on Friday, reaching $16.27. The stock had a trading volume of 178,511 shares, compared to its average volume of 395,772. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88. The firm has a market cap of $3.28 billion, a PE ratio of -62.58, a P/E/G ratio of 0.89 and a beta of -0.18. The firm's 50 day simple moving average is $16.81 and its 200 day simple moving average is $16.26. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $73.67 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same period last year, the business earned $0.09 earnings per share. On average, analysts forecast that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.35%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently -84.62%.

Triple Flag Precious Metals Company Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.