Bank of Montreal Can Acquires 221,389 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Bank of Montreal Can lifted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 151.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 367,936 shares of the company's stock after buying an additional 221,389 shares during the period. Bank of Montreal Can owned about 0.18% of Triple Flag Precious Metals worth $6,042,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versor Investments LP bought a new position in Triple Flag Precious Metals in the second quarter valued at about $160,000. 1832 Asset Management L.P. bought a new position in Triple Flag Precious Metals in the 2nd quarter valued at approximately $165,000. CIBC Asset Management Inc acquired a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $179,000. Magnetar Financial LLC bought a new stake in Triple Flag Precious Metals during the 2nd quarter worth approximately $228,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Triple Flag Precious Metals in the 3rd quarter valued at approximately $278,000. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Trading Up 1.8 %

Shares of TFPM traded up $0.30 during trading hours on Tuesday, hitting $16.82. 396,068 shares of the stock were exchanged, compared to its average volume of 228,231. Triple Flag Precious Metals Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The business has a 50-day moving average of $16.85 and a 200-day moving average of $16.28. The firm has a market capitalization of $3.39 billion, a P/E ratio of -64.69, a price-to-earnings-growth ratio of 0.88 and a beta of -0.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05.

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

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.31%. Triple Flag Precious Metals's dividend payout ratio is currently -84.62%.

Wall Street Analysts Forecast Growth

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

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.