Intact Investment Management Inc. Purchases 80,000 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Intact Investment Management Inc. increased its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 307.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,000 shares of the company's stock after buying an additional 80,000 shares during the period. Intact Investment Management Inc. owned 0.05% of Triple Flag Precious Metals worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TFPM. Farther Finance Advisors LLC lifted its stake in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Triple Flag Precious Metals during the fourth quarter valued at approximately $134,000. XTX Topco Ltd boosted its holdings in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Triple Flag Precious Metals in the 4th quarter worth approximately $255,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TFPM has been the topic of several research analyst reports. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Jefferies Financial Group boosted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada increased their price target on shares of 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, Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Down 2.3%

TFPM stock traded down $0.56 during midday trading on Wednesday, hitting $23.72. The company's stock had a trading volume of 732,572 shares, compared to its average volume of 333,408. Triple Flag Precious Metals Corp. has a 12 month low of $13.94 and a 12 month high of $25.45. The company has a 50 day moving average of $22.26 and a two-hundred day moving average of $18.92. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 1.16 and a beta of -0.24.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. The business had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. On average, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.055 per share. The ex-dividend date was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.93%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

About Triple Flag Precious Metals

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.