Montrusco Bolton Investments Inc. Sells 26,554 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. lowered its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 670,446 shares of the company's stock after selling 26,554 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.33% of Triple Flag Precious Metals worth $10,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in Triple Flag Precious Metals by 8.9% in the 3rd quarter. FMR LLC now owns 4,061,121 shares of the company's stock worth $65,761,000 after acquiring an additional 333,574 shares during the period. Van ECK Associates Corp raised its holdings in Triple Flag Precious Metals by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company's stock worth $56,588,000 after acquiring an additional 71,894 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Triple Flag Precious Metals by 18.0% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,595,829 shares of the company's stock worth $25,838,000 after acquiring an additional 242,906 shares during the period. Tidal Investments LLC raised its holdings in Triple Flag Precious Metals by 1.8% in 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 during the period. Finally, Bank of Montreal Can raised its holdings in Triple Flag Precious Metals by 151.1% in the 3rd quarter. Bank of Montreal Can now owns 367,936 shares of the company's stock worth $6,042,000 after acquiring an additional 221,389 shares during the period. Institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th.

Triple Flag Precious Metals Price Performance

Triple Flag Precious Metals stock traded down $0.27 during trading hours on Friday, hitting $16.03. 202,756 shares of the stock were exchanged, compared to its average volume of 190,122. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. The stock has a market capitalization of $3.23 billion, a P/E ratio of -61.66, a P/E/G ratio of 0.67 and a beta of -0.09. The business's 50-day moving average is $15.85 and its two-hundred day moving average is $16.19. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. During the same period in the prior year, the firm posted $0.09 EPS. Equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.37%. 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.