48,691 Shares in Triple Flag Precious Metals Corp. $TFPM Bought by Mountain Lake Investment Management LLC

Key Points

• Mountain Lake Investment Management LLC acquired 48,691 shares of Triple Flag Precious Metals Corp., valued at approximately $932,000, constituting 0.9% of its portfolio.
• Triple Flag has had a positive quarterly performance, reporting earnings of $0.24 per share and revenue of $94.09 million, exceeding analysts' expectations.
• The company significantly increased its quarterly dividend from $0.06 to $0.0575, representing an annualized yield of 0.8% and a payout ratio of 26.74%.

Mountain Lake Investment Management LLC acquired a new position in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 48,691 shares of the company's stock, valued at approximately $932,000. Triple Flag Precious Metals makes up 0.9% of Mountain Lake Investment Management LLC's portfolio, making the stock its 20th biggest position.

Several other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Triple Flag Precious Metals by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,648,973 shares of the company's stock worth $31,542,000 after acquiring an additional 173,881 shares in the last quarter. PDT Partners LLC acquired a new position in Triple Flag Precious Metals during the 1st quarter valued at approximately $250,000. Vident Advisory LLC increased its stake in Triple Flag Precious Metals by 95.1% during the 1st quarter. Vident Advisory LLC now owns 46,136 shares of the company's stock valued at $884,000 after purchasing an additional 22,486 shares in the last quarter. Pale Fire Capital SE acquired a new position in Triple Flag Precious Metals during the 1st quarter valued at approximately $278,000. Finally, Jump Financial LLC acquired a new position in Triple Flag Precious Metals during the 1st quarter valued at approximately $435,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TFPM shares. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, August 8th. Royal Bank Of Canada upped their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Performance

NYSE TFPM traded up $0.39 during mid-day trading on Thursday, reaching $28.64. 233,436 shares of the stock were exchanged, compared to its average volume of 438,608. The business's 50 day moving average is $25.20 and its 200-day moving average is $22.39. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $29.25. The company has a market capitalization of $5.91 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.26 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The firm had revenue of $94.09 million for the quarter, compared to the consensus estimate of $82.76 million. Equities analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, September 2nd. Triple Flag Precious Metals's payout ratio is currently 26.74%.

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.