Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 497,084 shares of the company's stock after buying an additional 129,148 shares during the period. Bank of Montreal Can owned approximately 0.25% of Triple Flag Precious Metals worth $7,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Triple Flag Precious Metals during the fourth quarter worth about $15,696,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after purchasing an additional 718,408 shares in the last quarter. Amundi acquired a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $8,281,000. Hillsdale Investment Management Inc. lifted its stake in Triple Flag Precious Metals by 55.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock valued at $7,863,000 after buying an additional 186,278 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Triple Flag Precious Metals by 111.8% during the 3rd quarter. Jane Street Group LLC now owns 203,272 shares of the company's stock valued at $3,291,000 after buying an additional 107,312 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TFPM has been the subject of a number of analyst reports. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Triple Flag Precious Metals Trading Down 0.5 %

Shares of Triple Flag Precious Metals stock traded down $0.12 during trading hours on Friday, reaching $21.94. 402,784 shares of the company's stock were exchanged, compared to its average volume of 277,613. The company has a fifty day moving average of $18.59 and a 200-day moving average of $17.10. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $22.46. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -199.46, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The business had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.055 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -200.00%.

About Triple Flag Precious Metals

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.