Montrusco Bolton Investments Inc. Sells 211,676 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. cut its position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 31.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,770 shares of the company's stock after selling 211,676 shares during the period. Montrusco Bolton Investments Inc. owned 0.23% of Triple Flag Precious Metals worth $8,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings 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 lifted its position in shares of 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 worth $5,739,000 after buying an additional 115,103 shares during the period. Raymond James Financial Inc. bought a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $464,000. Public Employees Retirement System of Ohio bought a new position in shares of Triple Flag Precious Metals during the 4th quarter worth approximately $255,000. Finally, Renaissance Technologies LLC raised its position 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 purchasing an additional 8,200 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of NYSE TFPM traded down $0.34 during midday trading on Thursday, reaching $23.04. The stock had a trading volume of 400,263 shares, compared to its average volume of 345,062. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 767.87, a price-to-earnings-growth ratio of 1.05 and a beta of -0.20. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $25.45. The company's 50 day moving average price is $23.03 and its 200 day moving average price is $19.82.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its 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. The business had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. Equities analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, May 30th. Triple Flag Precious Metals's payout ratio is presently 733.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TFPM shares. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Thursday, July 10th. BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Jefferies Financial Group upped their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada upped their price objective on 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, Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

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.