Montrusco Bolton Investments Inc. Reduces Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Montrusco Bolton Investments Inc. cut its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 31.6% in the 1st quarter, according to its most recent Form 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 approximately 0.23% of Triple Flag Precious Metals worth $8,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Tidal Investments LLC raised 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 valued at $25,829,000 after purchasing an additional 1,183,827 shares in the last quarter. Norges Bank acquired a new stake in Triple Flag Precious Metals in the 4th quarter worth $15,696,000. Arrowstreet Capital Limited Partnership grew its position in Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after purchasing an additional 718,408 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Triple Flag Precious Metals by 55.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock worth $7,863,000 after purchasing an additional 186,278 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Triple Flag Precious Metals by 35.1% in the 4th quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock worth $7,460,000 after purchasing an additional 129,148 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of TFPM traded up $0.09 during mid-day trading on Friday, reaching $23.16. The company had a trading volume of 389,148 shares, compared to its average volume of 346,318. The company's 50 day simple moving average is $23.05 and its 200 day simple moving average is $19.91. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $25.45. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 772.00, a P/E/G ratio of 1.06 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $72.14 million. As a group, 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.95%. Triple Flag Precious Metals's dividend payout ratio (DPR) is presently 733.33%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Thursday, July 10th. Jefferies Financial Group lifted their price target 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. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a report on Tuesday, June 24th. Finally, National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Triple Flag Precious Metals currently has an average rating of "Moderate Buy" and an average price target 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.