17,069 Shares in Triple Flag Precious Metals Corp. $TFPM Acquired by Ascent Group LLC

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 purchased a new stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,069 shares of the company's stock, valued at approximately $327,000.

Other institutional investors also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth about $134,000. Quantbot Technologies LP boosted its holdings in shares of Triple Flag Precious Metals by 1,258.9% during the first quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock worth $180,000 after purchasing an additional 8,699 shares during the period. Prospect Financial Group LLC purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $217,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Triple Flag Precious Metals during the first quarter worth about $239,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of TFPM traded down $0.23 on Friday, hitting $28.64. 630,834 shares of the stock traded hands, compared to its average volume of 592,049. The company has a market capitalization of $5.91 billion, a PE ratio of 37.21, a P/E/G ratio of 1.26 and a beta of -0.19. The business has a 50 day simple moving average of $25.39 and a 200 day simple moving average of $22.59. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $29.25.

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

Triple Flag Precious Metals Increases Dividend

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

Analyst Ratings Changes

TFPM has been the subject of a number of analyst reports. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Royal Bank Of Canada raised their price objective on shares of 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. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.