Mackenzie Financial Corp Grows Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Mackenzie Financial Corp raised its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 2,463.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 835,240 shares of the company's stock after purchasing an additional 802,663 shares during the period. Mackenzie Financial Corp owned 0.42% of Triple Flag Precious Metals worth $15,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tidal Investments LLC grew its holdings in shares of Triple Flag Precious Metals by 221.9% during the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after acquiring an additional 1,183,827 shares during the period. Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $15,696,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after acquiring an additional 718,408 shares during the period. Millennium Management LLC grew its holdings in shares of Triple Flag Precious Metals by 104.6% during the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company's stock worth $6,650,000 after acquiring an additional 226,330 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Triple Flag Precious Metals by 56.6% during the 4th quarter. Two Sigma Advisers LP now owns 436,100 shares of the company's stock worth $6,559,000 after acquiring an additional 157,700 shares during the period. Institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

TFPM has been the topic of a number of research analyst reports. TD Securities reiterated a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Royal Bank Of Canada lifted their target price on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. CIBC restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.20 during midday trading on Friday, hitting $23.02. The company had a trading volume of 608,363 shares, compared to its average volume of 390,300. The company has a 50 day moving average of $23.65 and a 200 day moving average of $20.48. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $25.45. The stock has a market capitalization of $4.75 billion, a P/E ratio of 767.33, a P/E/G ratio of 1.04 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.20 EPS 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 for the quarter, compared to the consensus estimate of $72.14 million. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current 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 paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is 733.33%.

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.