Triple Flag Precious Metals Corp. (NYSE:TFPM) Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 92.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,600 shares of the company's stock after purchasing an additional 46,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Triple Flag Precious Metals were worth $1,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in Triple Flag Precious Metals during the third quarter worth approximately $278,000. CIBC Asset Management Inc grew its stake in Triple Flag Precious Metals by 542.6% during the third quarter. CIBC Asset Management Inc now owns 74,263 shares of the company's stock worth $1,203,000 after buying an additional 62,707 shares during the period. Montrusco Bolton Investments Inc. grew its stake in Triple Flag Precious Metals by 9.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company's stock worth $11,299,000 after buying an additional 57,751 shares during the period. Bank of Montreal Can grew its stake in Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company's stock worth $6,042,000 after buying an additional 221,389 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Triple Flag Precious Metals by 31.2% during the third quarter. The Manufacturers Life Insurance Company now owns 153,803 shares of the company's stock worth $2,490,000 after buying an additional 36,548 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

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Triple Flag Precious Metals Trading Down 0.6 %

TFPM traded down $0.11 during trading on Friday, hitting $19.14. 329,860 shares of the company's stock were exchanged, compared to its average volume of 260,555. Triple Flag Precious Metals Corp. has a 1 year low of $13.63 and a 1 year high of $19.48. The stock has a 50 day moving average price of $16.98 and a 200 day moving average price of $16.62. The firm has a market cap of $3.85 billion, a P/E ratio of -174.00, a price-to-earnings-growth ratio of 0.78 and a beta of -0.08.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.18 earnings per share (EPS) 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 company had revenue of $74.21 million during the quarter, compared to the consensus estimate of $74.10 million. Analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.22 annualized dividend and a dividend yield of 1.15%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -200.00%.

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.