Mackenzie Financial Corp Has $15.98 Million Stock Holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Mackenzie Financial Corp grew its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 2,463.9% during the 1st quarter, according to its most recent 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 quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in Triple Flag Precious Metals by 65.4% during the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock worth $3,544,000 after purchasing an additional 93,214 shares during the period. Bank of America Corp DE grew its stake in 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 purchasing an additional 115,103 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Triple Flag Precious Metals in the fourth quarter valued at $464,000. Public Employees Retirement System of Ohio acquired a new position in Triple Flag Precious Metals in the fourth quarter worth about $255,000. Finally, Renaissance Technologies LLC boosted its holdings in Triple Flag Precious Metals by 9.0% in the fourth quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock worth $1,487,000 after purchasing an additional 8,200 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on TFPM shares. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Royal Bank Of Canada lifted their target price on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Thursday, July 10th. National Bank Financial upgraded shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Triple Flag Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Up 0.9%

TFPM traded up $0.20 during trading on Friday, reaching $23.02. 608,363 shares of the company's stock were exchanged, compared to its average volume of 390,300. The company has a market capitalization of $4.75 billion, a P/E ratio of 34.58, a PEG ratio of 1.03 and a beta of -0.20. Triple Flag Precious Metals Corp. has a fifty-two week low of $13.94 and a fifty-two week high of $25.45. The business has a 50 day moving average price of $23.62 and a 200 day moving average price of $20.39.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating 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 firm had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. As a group, 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 business 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.0%. Triple Flag Precious Metals's dividend payout ratio is 733.33%.

Triple Flag Precious Metals Company 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.