Sprott Inc. Trims Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Sprott Inc. lessened its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 801,081 shares of the company's stock after selling 98,732 shares during the period. Sprott Inc. owned about 0.40% of Triple Flag Precious Metals worth $12,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TFPM. Van ECK Associates Corp increased its holdings in Triple Flag Precious Metals by 2.1% during the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company's stock valued at $56,588,000 after buying an additional 71,894 shares during the period. Meixler Investment Management Ltd. increased its holdings in Triple Flag Precious Metals by 43.7% during the third quarter. Meixler Investment Management Ltd. now owns 23,862 shares of the company's stock valued at $386,000 after buying an additional 7,262 shares during the period. 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 period. Aigen Investment Management LP increased its holdings in Triple Flag Precious Metals by 47.4% during the third quarter. Aigen Investment Management LP now owns 23,894 shares of the company's stock valued at $387,000 after buying an additional 7,680 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Triple Flag Precious Metals during the third quarter worth $278,000. Institutional investors own 82.91% of the company's stock.

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Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded down $0.21 during mid-day trading on Friday, hitting $16.45. The stock had a trading volume of 498,729 shares, compared to its average volume of 265,637. The company has a 50 day moving average of $16.07 and a two-hundred day moving average of $16.40. Triple Flag Precious Metals Corp. has a twelve month low of $12.36 and a twelve month high of $18.88. The firm has a market cap of $3.31 billion, a PE ratio of -149.55, a PEG ratio of 0.78 and a beta of -0.08.

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

Triple Flag Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.055 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.34%. Triple Flag Precious Metals's payout ratio is -200.00%.

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.