Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 141.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its holdings in Triple Flag Precious Metals by 227.1% during the 1st quarter. National Bank of Canada FI now owns 92,878 shares of the company's stock worth $1,777,000 after buying an additional 64,483 shares during the period. Mackenzie Financial Corp raised its holdings in Triple Flag Precious Metals by 2,463.9% during the 1st quarter. Mackenzie Financial Corp now owns 835,240 shares of the company's stock worth $15,978,000 after buying an additional 802,663 shares during the period. TD Asset Management Inc raised its holdings in Triple Flag Precious Metals by 3.4% during the 1st quarter. TD Asset Management Inc now owns 513,020 shares of the company's stock worth $9,813,000 after buying an additional 16,703 shares during the period. Prospect Financial Group LLC acquired a new stake in Triple Flag Precious Metals during the 1st quarter worth about $217,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Triple Flag Precious Metals during the 1st quarter worth about $239,000. 82.91% of the stock is currently owned by institutional investors.
Triple Flag Precious Metals Stock Performance
Shares of NYSE TFPM traded up $0.28 during trading hours on Friday, hitting $26.09. The stock had a trading volume of 1,712,957 shares, compared to its average volume of 451,807. The company has a market capitalization of $5.39 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.16 and a beta of -0.20. The firm's 50-day moving average price is $24.23 and its two-hundred day moving average price is $21.17. Triple Flag Precious Metals Corp. has a 52 week low of $14.51 and a 52 week high of $27.17.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $94.09 million during 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%. As a group, analysts expect that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.
Triple Flag Precious Metals Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 0.9%. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 2nd. Triple Flag Precious Metals's dividend payout ratio is presently 26.74%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Friday, August 8th. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Jefferies Financial Group upped their target price on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.
View Our Latest Analysis on TFPM
Triple Flag Precious Metals Company Profile
(
Free Report)
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.
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