Euro Pacific Asset Management LLC Reduces Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Euro Pacific Asset Management LLC reduced its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 52.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,813 shares of the company's stock after selling 180,000 shares during the period. Euro Pacific Asset Management LLC owned about 0.08% of Triple Flag Precious Metals worth $2,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Versor Investments LP increased its holdings in Triple Flag Precious Metals by 47.6% during the third quarter. Versor Investments LP now owns 15,204 shares of the company's stock valued at $246,000 after buying an additional 4,904 shares during the last quarter. Mountain Lake Investment Management LLC increased its stake in shares of Triple Flag Precious Metals by 1.9% in the first quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company's stock worth $3,974,000 after purchasing an additional 5,000 shares in the last quarter. 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 increased its stake 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 worth $387,000 after purchasing an additional 7,680 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of Triple Flag Precious Metals by 9.9% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 100,771 shares of the company's stock worth $1,563,000 after purchasing an additional 9,100 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Triple Flag Precious Metals Price Performance

TFPM traded down $0.24 during trading on Friday, hitting $16.18. 2,736,630 shares of the company traded hands, compared to its average volume of 228,760. The company has a market cap of $3.26 billion, a PE ratio of -62.23, a P/E/G ratio of 1.05 and a beta of -0.16. The stock's 50-day simple moving average is $16.83 and its two-hundred day simple moving average is $16.27. Triple Flag Precious Metals Corp. has a 1 year low of $11.75 and a 1 year high of $18.88. The company has a current ratio of 3.18, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share 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 negative net margin of 22.15% and a positive return on equity of 5.51%. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.55 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.055 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.36%. Triple Flag Precious Metals's payout ratio is currently -84.62%.

Triple Flag Precious Metals 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.