Invesco Ltd. Sells 238,750 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Invesco Ltd. cut its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,062 shares of the company's stock after selling 238,750 shares during the period. Invesco Ltd. owned approximately 0.43% of Triple Flag Precious Metals worth $13,161,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TFPM. Norges Bank acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at approximately $15,696,000. Arrowstreet Capital Limited Partnership raised its holdings in Triple Flag Precious Metals by 377.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock valued at $13,652,000 after buying an additional 718,408 shares in the last quarter. Amundi acquired a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth about $8,281,000. Tidal Investments LLC boosted its stake in shares of Triple Flag Precious Metals by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 533,520 shares of the company's stock worth $8,632,000 after acquiring an additional 9,184 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Triple Flag Precious Metals by 55.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock valued at $7,863,000 after acquiring an additional 186,278 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TFPM shares. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Jefferies Financial Group lifted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday. Raymond James reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Finally, National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $22.00.

Triple Flag Precious Metals Price Performance

NYSE:TFPM traded down $0.55 on Friday, hitting $20.75. 235,105 shares of the company's stock were exchanged, compared to its average volume of 284,478. The company has a market cap of $4.17 billion, a P/E ratio of -188.58, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. The firm has a 50-day moving average price of $19.05 and a 200-day moving average price of $17.29. Triple Flag Precious Metals Corp. has a 52 week low of $13.94 and a 52 week high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $74.21 million for the quarter, compared to analyst estimates of $74.10 million. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. On average, research analysts expect that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio 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.