The Manufacturers Life Insurance Company Boosts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

The Manufacturers Life Insurance Company boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 31.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,803 shares of the company's stock after buying an additional 36,548 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Triple Flag Precious Metals worth $2,490,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TFPM. Van ECK Associates Corp raised its position 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 purchasing an additional 71,894 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in Triple Flag Precious Metals by 9.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 697,000 shares of the company's stock valued at $11,299,000 after purchasing an additional 57,751 shares in the last quarter. Bank of Montreal Can raised its position in Triple Flag Precious Metals by 151.1% during the third quarter. Bank of Montreal Can now owns 367,936 shares of the company's stock valued at $6,042,000 after purchasing an additional 221,389 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Triple Flag Precious Metals by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company's stock valued at $5,602,000 after purchasing an additional 97,630 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Triple Flag Precious Metals during the second quarter valued at about $2,389,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TFPM. Scotiabank lifted their price objective 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. Jefferies Financial Group lifted their price objective 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. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock traded up $0.29 during trading hours on Monday, hitting $16.56. 281,573 shares of the stock traded hands, compared to its average volume of 228,325. The firm's 50-day moving average price is $16.81 and its two-hundred day moving average price is $16.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.18. Triple Flag Precious Metals Corp. has a one year low of $11.75 and a one year high of $18.88.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Triple Flag Precious Metals had a positive return on equity of 5.51% and a negative net margin of 22.15%. The firm had revenue of $73.67 million for the quarter. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, equities research analysts expect that Triple Flag Precious Metals Corp. will post 0.56 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.055 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.33%. Triple Flag Precious Metals's payout ratio is currently -84.62%.

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.