Ascent Group LLC Acquires New Position in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Ascent Group LLC acquired 17,069 shares of Triple Flag Precious Metals Corp., valued at approximately $327,000, during the 1st quarter.
• The company's quarterly earnings resulted in $0.24 earnings per share, exceeding the analysts' consensus estimate of $0.21, with revenues of $94.09 million.
• Triple Flag Precious Metals recently declared an increased quarterly dividend of $0.0575 per share, reflecting an annualized yield of 0.8%.

Ascent Group LLC bought a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,069 shares of the company's stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Triple Flag Precious Metals by 43.2% in the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock valued at $5,739,000 after purchasing an additional 115,103 shares during the period. Public Employees Retirement System of Ohio bought a new position in Triple Flag Precious Metals in the 4th quarter valued at $255,000. PDT Partners LLC purchased a new stake in Triple Flag Precious Metals in the first quarter valued at approximately $250,000. American Century Companies Inc. raised its stake in shares of Triple Flag Precious Metals by 0.8% during the first quarter. American Century Companies Inc. now owns 241,071 shares of the company's stock worth $4,612,000 after acquiring an additional 1,876 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Triple Flag Precious Metals in the 4th quarter worth approximately $358,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TFPM. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Finally, BMO Capital Markets lowered Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.18 during mid-day trading on Wednesday, reaching $27.95. The company's stock had a trading volume of 113,602 shares, compared to its average volume of 440,669. Triple Flag Precious Metals Corp. has a 1-year low of $14.51 and a 1-year high of $29.30. The company has a market cap of $5.77 billion, a P/E ratio of 32.56, a PEG ratio of 1.26 and a beta of -0.19. The firm's 50-day moving average is $25.57 and its two-hundred day moving average is $22.75.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The company had revenue of $94.09 million during the quarter, compared to analysts' expectations of $82.76 million. Sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.0575 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals's dividend payout ratio is 26.74%.

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.