Fmr LLC Grows Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

FMR LLC raised its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 8.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,061,121 shares of the company's stock after buying an additional 333,574 shares during the period. FMR LLC owned about 2.02% of Triple Flag Precious Metals worth $65,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TFPM. The Manufacturers Life Insurance Company grew its position in shares of Triple Flag Precious Metals by 31.2% in the third quarter. The Manufacturers Life Insurance Company now owns 153,803 shares of the company's stock valued at $2,490,000 after purchasing an additional 36,548 shares during the period. Bank of Montreal Can grew its position in shares of Triple Flag Precious Metals by 151.1% in 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 during the period. Montrusco Bolton Investments Inc. grew its position in shares of Triple Flag Precious Metals by 9.0% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Triple Flag Precious Metals in the third quarter valued at about $811,000. Finally, CIBC Asset Management Inc grew its position in shares of Triple Flag Precious Metals by 542.6% in the third quarter. CIBC Asset Management Inc now owns 74,263 shares of the company's stock valued at $1,203,000 after purchasing an additional 62,707 shares during the period. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TFPM has been the topic of a number of recent research reports. Jefferies Financial Group boosted 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. Scotiabank boosted 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 research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Triple Flag Precious Metals Trading Down 2.5 %

NYSE:TFPM traded down $0.42 on Friday, hitting $16.27. The stock had a trading volume of 178,511 shares, compared to its average volume of 395,772. The company has a quick ratio of 3.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of -62.58, a PEG ratio of 0.89 and a beta of -0.18. The company has a fifty day moving average price of $16.81 and a two-hundred day moving average price of $16.27. Triple Flag Precious Metals Corp. has a 1-year low of $11.75 and a 1-year high of $18.88.

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

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, November 29th. Triple Flag Precious Metals's dividend payout ratio (DPR) is -84.62%.

Triple Flag Precious Metals Company 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.