BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,595,829 shares of the company's stock after purchasing an additional 242,906 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.79% of Triple Flag Precious Metals worth $25,838,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Versor Investments LP raised its stake in Triple Flag Precious Metals by 47.6% in the 3rd quarter. Versor Investments LP now owns 15,204 shares of the company's stock valued at $246,000 after acquiring an additional 4,904 shares during the period. Meixler Investment Management Ltd. increased its stake in shares of Triple Flag Precious Metals by 43.7% in the third quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company's stock worth $386,000 after purchasing an additional 7,262 shares in the last quarter. Aigen Investment Management LP raised its position in shares of Triple Flag Precious Metals by 47.4% in the third quarter. Aigen Investment Management LP now owns 23,894 shares of the company's stock valued at $387,000 after purchasing an additional 7,680 shares during the period. Townsquare Capital LLC lifted its stake in shares of Triple Flag Precious Metals by 66.7% during the 3rd quarter. Townsquare Capital LLC now owns 21,383 shares of the company's stock valued at $346,000 after buying an additional 8,552 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in Triple Flag Precious Metals by 9.9% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company's stock worth $1,563,000 after buying an additional 9,100 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.
Triple Flag Precious Metals Price Performance
NYSE:TFPM traded up $0.20 during trading hours on Friday, hitting $16.73. The stock had a trading volume of 177,444 shares, compared to its average volume of 403,408. The company has a 50 day simple moving average of $16.85 and a two-hundred day simple moving average of $16.28. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -64.35, a P/E/G ratio of 0.89 and a beta of -0.16. 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 Corp. has a one year low of $11.75 and a one year high of $18.88.
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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The company 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 in the prior year, the business posted $0.09 EPS. Research analysts forecast that Triple Flag Precious Metals Corp. will post 0.56 earnings per share for the current fiscal year.
Triple Flag Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals's dividend payout ratio (DPR) is -84.62%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TFPM shares. Jefferies Financial Group boosted their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. Scotiabank increased their price objective on Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.50.
Get Our Latest Analysis on Triple Flag Precious Metals
Triple Flag Precious Metals Company Profile
(
Free Report)
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.
See Also
Before you consider Triple Flag Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Triple Flag Precious Metals wasn't on the list.
While Triple Flag Precious Metals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
