Amundi Sells 9,043 Shares of Triple Flag Precious Metals Corp. $TFPM

Key Points

• Amundi reduced its stake in Triple Flag Precious Metals Corp. by 1.7%, holding 529,382 shares worth approximately $10.5 million after selling 9,043 shares in the first quarter.
• Triple Flag Precious Metals has experienced mixed ratings from analysts, with Royal Bank of Canada increasing their price target to $23.00, while others downgraded their ratings to "hold" or "market perform."
• The company has declared an increase in its quarterly dividend to $0.0575 per share, boosting the annualized dividend yield to 0.8%, with an ex-dividend date of September 2nd.

Amundi trimmed its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 529,382 shares of the company's stock after selling 9,043 shares during the quarter. Amundi owned approximately 0.26% of Triple Flag Precious Metals worth $10,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFPM. SVB Wealth LLC acquired a new stake in Triple Flag Precious Metals in the first quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals during the fourth quarter worth about $134,000. Quantbot Technologies LP boosted its holdings in 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 buying an additional 8,699 shares during the last quarter. Prospect Financial Group LLC bought a new position in Triple Flag Precious Metals during the first quarter worth about $217,000. Finally, Pinnacle Associates Ltd. bought a new position in Triple Flag Precious Metals during the first quarter worth about $239,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock traded up $0.03 during midday trading on Monday, reaching $28.68. The stock had a trading volume of 671,752 shares, compared to its average volume of 592,049. The stock has a market capitalization of $5.92 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 1.26 and a beta of -0.19. Triple Flag Precious Metals Corp. has a 1-year low of $14.51 and a 1-year high of $29.30. The firm's fifty day simple moving average is $25.47 and its 200-day simple moving average is $22.72.

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

Triple Flag Precious Metals Increases Dividend

The firm 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 dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. Triple Flag Precious Metals's payout ratio is presently 26.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TFPM shares. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. CIBC reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Royal Bank Of Canada raised their price target on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

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.