Connor Clark & Lunn Investment Management Ltd. Has $4.47 Million Stock Holdings in Triple Flag Precious Metals Corp. $TFPM

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 141.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,500 shares of the company's stock after acquiring an additional 136,900 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Triple Flag Precious Metals worth $4,468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Triple Flag Precious Metals by 65.4% during the 4th quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after acquiring an additional 93,214 shares in the last quarter. Bank of America Corp DE raised its position in shares of Triple Flag Precious Metals by 43.2% during the 4th quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock valued at $5,739,000 after acquiring an additional 115,103 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at approximately $464,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at approximately $255,000. Finally, Renaissance Technologies LLC raised its position in shares of Triple Flag Precious Metals by 9.0% during the 4th quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock valued at $1,487,000 after acquiring an additional 8,200 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Down 1.8%

NYSE TFPM traded down $0.48 during trading on Monday, hitting $25.63. The company's stock had a trading volume of 165,883 shares, compared to its average volume of 416,825. Triple Flag Precious Metals Corp. has a 52 week low of $14.51 and a 52 week high of $27.17. The firm has a market cap of $5.29 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 1.16 and a beta of -0.20. The firm has a 50 day moving average price of $24.23 and a 200 day moving average price of $21.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $94.09 million for the quarter, compared to analysts' expectations 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, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Triple Flag Precious Metals's payout ratio is presently 25.58%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, August 8th. BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Wall Street Zen cut Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.