Intact Investment Management Inc. Sells 30,000 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Intact Investment Management Inc. lowered its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 53.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,000 shares of the company's stock after selling 30,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Triple Flag Precious Metals were worth $421,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in Triple Flag Precious Metals during the second quarter worth approximately $160,000. 1832 Asset Management L.P. acquired a new position in shares of Triple Flag Precious Metals during the second quarter worth approximately $165,000. CIBC Asset Management Inc acquired a new position in shares of Triple Flag Precious Metals during the second quarter worth approximately $179,000. Magnetar Financial LLC acquired a new position in shares of Triple Flag Precious Metals during the second quarter worth approximately $228,000. Finally, Meixler Investment Management Ltd. lifted its holdings in shares of Triple Flag Precious Metals by 12.0% during the first quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company's stock worth $236,000 after buying an additional 1,750 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TFPM shares. Jefferies Financial Group upped their price target on 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 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 given a buy rating to the company. According to data from MarketBeat, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded down $0.15 during trading hours on Wednesday, reaching $17.15. The stock had a trading volume of 442,096 shares, compared to its average volume of 211,810. The business's fifty day moving average is $16.74 and its two-hundred day moving average is $16.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -38.86, a PEG ratio of 1.13 and a beta of -0.16. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $63.58 million during the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. As a group, research analysts expect that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.28%. Triple Flag Precious Metals's payout ratio is -50.00%.

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.