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

Intact Investment Management Inc. boosted its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 307.7% during the first quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.05% of Triple Flag Precious Metals worth $2,028,000 as of its most recent filing with the SEC.

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

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.11 on Friday, reaching $24.67. 679,921 shares of the stock were exchanged, compared to its average volume of 330,441. The firm's 50 day moving average is $22.14 and its 200-day moving average is $18.82. Triple Flag Precious Metals Corp. has a one year low of $13.94 and a one year high of $25.45. The firm has a market cap of $4.96 billion, a PE ratio of 822.43, a P/E/G ratio of 1.18 and a beta of -0.24.

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

Triple Flag Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Analyst Ratings Changes

TFPM has been the subject of a number of recent research reports. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. BMO Capital Markets reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, April 23rd. Jefferies Financial Group boosted their price objective on shares of 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, Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.