Allspring Global Investments Holdings LLC Lowers Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Allspring Global Investments Holdings LLC cut its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,800 shares of the company's stock after selling 40,500 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Triple Flag Precious Metals worth $1,634,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Meixler Investment Management Ltd. boosted its holdings in shares of Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company's stock valued at $236,000 after buying an additional 1,750 shares in the last quarter. Cove Street Capital LLC raised its position in shares of Triple Flag Precious Metals by 15.4% in the 1st quarter. Cove Street Capital LLC now owns 541,255 shares of the company's stock worth $7,821,000 after buying an additional 72,249 shares during the period. Forge First Asset Management Inc. purchased a new stake in Triple Flag Precious Metals during the 1st quarter worth $737,000. K2 Principal Fund L.P. grew its holdings in Triple Flag Precious Metals by 33.5% during the 1st quarter. K2 Principal Fund L.P. now owns 181,737 shares of the company's stock valued at $2,626,000 after purchasing an additional 45,600 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Triple Flag Precious Metals during the 1st quarter valued at $364,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group raised 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. Scotiabank increased their price target on shares of Triple Flag Precious Metals from $20.00 to $21.00 and gave the stock a "sector outperform" rating in a research report 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Triple Flag Precious Metals Trading Down 1.6 %

TFPM stock traded down $0.29 during mid-day trading on Thursday, reaching $17.16. The company's stock had a trading volume of 984,789 shares, compared to its average volume of 210,382. The company has a current ratio of 5.80, a quick ratio of 5.59 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $16.70 and its 200 day moving average price is $16.19. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -38.99, a price-to-earnings-growth ratio of 1.23 and a beta of -0.14. 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 results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a negative net margin of 40.62% and a positive return on equity of 4.73%. On average, equities research analysts predict that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.22 annualized dividend and a yield of 1.28%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently -50.00%.

About Triple Flag Precious Metals

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.