Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC lessened its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,102 shares of the company's stock after selling 69,980 shares during the period. Cove Street Capital LLC's holdings in Triple Flag Precious Metals were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted 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 purchasing an additional 221,389 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Triple Flag Precious Metals by 31.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 153,803 shares of the company's stock worth $2,490,000 after acquiring an additional 36,548 shares in the last quarter. FMR LLC boosted its holdings in Triple Flag Precious Metals by 8.9% during the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company's stock valued at $65,761,000 after acquiring an additional 333,574 shares during the period. Townsquare Capital LLC grew its position in Triple Flag Precious Metals by 66.7% in the 3rd quarter. Townsquare Capital LLC now owns 21,383 shares of the company's stock valued at $346,000 after acquiring an additional 8,552 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Triple Flag Precious Metals during the third quarter worth about $1,128,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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Triple Flag Precious Metals Stock Performance

Shares of TFPM traded up $0.12 during mid-day trading on Thursday, hitting $19.56. 259,698 shares of the company's stock were exchanged, compared to its average volume of 267,618. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -177.82, a P/E/G ratio of 0.78 and a beta of -0.08. The stock's 50-day moving average is $17.57 and its 200-day moving average is $16.81. Triple Flag Precious Metals Corp. has a fifty-two week low of $13.94 and a fifty-two week high of $19.90.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating 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 analysts' expectations of $74.10 million. As a group, equities research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

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 dividend of $0.055 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.22 annualized dividend and a yield of 1.12%. Triple Flag Precious Metals's dividend payout ratio (DPR) is -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.