Man Group plc Has $570,000 Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Man Group plc cut its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,906 shares of the company's stock after selling 32,838 shares during the quarter. Man Group plc's holdings in Triple Flag Precious Metals were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TFPM. Millennium Management LLC grew its position in shares of Triple Flag Precious Metals by 104.6% in the fourth quarter. Millennium Management LLC now owns 442,678 shares of the company's stock valued at $6,650,000 after purchasing an additional 226,330 shares during the last quarter. Deutsche Bank AG boosted its stake in Triple Flag Precious Metals by 3.5% during the 4th quarter. Deutsche Bank AG now owns 131,371 shares of the company's stock valued at $1,976,000 after purchasing an additional 4,496 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Triple Flag Precious Metals by 270.4% in the 4th quarter. Cubist Systematic Strategies LLC now owns 37,298 shares of the company's stock valued at $560,000 after buying an additional 27,227 shares during the last quarter. Centiva Capital LP acquired a new stake in Triple Flag Precious Metals in the 4th quarter valued at approximately $327,000. Finally, Bank of America Corp DE increased its position 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 worth $5,739,000 after buying an additional 115,103 shares during the period. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TFPM. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, May 7th. Jefferies Financial Group upped their price target 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, National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $24.50.

Triple Flag Precious Metals Trading Down 0.4%

NYSE:TFPM traded down $0.10 during mid-day trading on Friday, hitting $21.60. The company's stock had a trading volume of 49,564 shares, compared to its average volume of 370,261. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -196.18, a P/E/G ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a fifty-two week low of $13.94 and a fifty-two week high of $22.96. The stock has a fifty day moving average of $20.62 and a 200-day moving average of $17.95.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a negative net margin of 8.58% and a positive return on equity of 6.63%. The firm had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is currently 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.