CIBC Asset Management Inc Purchases 62,707 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

CIBC Asset Management Inc increased its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 542.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,263 shares of the company's stock after purchasing an additional 62,707 shares during the period. CIBC Asset Management Inc's holdings in Triple Flag Precious Metals were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Triple Flag Precious Metals by 2.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,497,411 shares of the company's stock valued at $56,588,000 after acquiring an additional 71,894 shares during the period. Tidal Investments LLC acquired a new position in shares of Triple Flag Precious Metals during the 1st quarter worth approximately $6,145,000. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 97,630 shares in the last quarter. Mountain Lake Investment Management LLC grew its position in shares of Triple Flag Precious Metals by 1.9% during the 1st quarter. Mountain Lake Investment Management LLC now owns 275,000 shares of the company's stock worth $3,974,000 after purchasing an additional 5,000 shares in the last quarter. Finally, K2 Principal Fund L.P. grew its position in shares of 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 purchasing an additional 45,600 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded up $0.16 during trading on Thursday, hitting $16.77. 335,423 shares of the company traded hands, compared to its average volume of 228,941. The business's fifty day moving average is $16.88 and its 200 day moving average is $16.27. Triple Flag Precious Metals Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $18.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.18 and a quick ratio of 3.05.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data 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. Triple Flag Precious Metals had a negative net margin of 22.15% and a positive return on equity of 5.51%. The firm had revenue of $73.67 million for the quarter. During the same quarter in the prior year, the company posted $0.09 EPS. On average, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.55 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, November 29th. Triple Flag Precious Metals's payout ratio is presently -84.62%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group increased 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 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.50.

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.