Lummis Asset Management LP Buys 50,242 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Lummis Asset Management LP boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 104.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,129 shares of the company's stock after buying an additional 50,242 shares during the quarter. Triple Flag Precious Metals makes up about 1.9% of Lummis Asset Management LP's holdings, making the stock its 18th biggest position. Lummis Asset Management LP's holdings in Triple Flag Precious Metals were worth $1,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Triple Flag Precious Metals by 2.1% in the third quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company's stock worth $56,588,000 after buying an additional 71,894 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Triple Flag Precious Metals in the first quarter valued at approximately $6,145,000. Dimensional Fund Advisors LP boosted its holdings in shares of Triple Flag Precious Metals by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 361,459 shares of the company's stock worth $5,602,000 after buying an additional 97,630 shares during the period. Mountain Lake Investment Management LLC grew its stake in Triple Flag Precious Metals by 1.9% in the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company's stock valued at $3,974,000 after buying an additional 5,000 shares during the last quarter. Finally, K2 Principal Fund L.P. lifted its position 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 worth $2,626,000 after acquiring an additional 45,600 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TFPM. Scotiabank raised their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Jefferies Financial Group raised their price target on shares of Triple Flag Precious Metals from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Triple Flag Precious Metals Price Performance

Shares of NYSE TFPM traded up $0.25 during mid-day trading on Thursday, hitting $16.42. 674,818 shares of the stock were exchanged, compared to its average volume of 217,412. The stock's fifty day simple moving average is $16.81 and its two-hundred day simple moving average is $16.27. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $18.88. The company has a market cap of $3.31 billion, a P/E ratio of -62.19, a PEG ratio of 1.04 and a beta of -0.16. 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 (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $73.67 million during 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 quarter last year, the business posted $0.09 earnings per share. As a group, analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 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. Shareholders of record on Friday, November 29th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.22 annualized dividend and a yield of 1.34%. Triple Flag Precious Metals's dividend 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.