National Bank of Canada FI Increases Stock Holdings in Triple Flag Precious Metals Corp. $TFPM

Key Points

• National Bank of Canada FI has increased its stake in Triple Flag Precious Metals Corp. by 227.1%, bringing its holdings to approximately $1.78 million as of its latest SEC filing.
• The company reported earnings of $0.24 per share for the quarter, exceeding analyst expectations of $0.21, with a net revenue of $94.09 million.
• Triple Flag Precious Metals has announced a quarterly dividend of $0.0575 per share, increasing from the previous dividend of $0.06, reflecting a commitment to returning value to shareholders.

National Bank of Canada FI boosted its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 227.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,878 shares of the company's stock after buying an additional 64,483 shares during the period. National Bank of Canada FI's holdings in Triple Flag Precious Metals were worth $1,777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TFPM. Geode Capital Management LLC boosted its stake in shares of Triple Flag Precious Metals by 15.4% in the 4th quarter. Geode Capital Management LLC now owns 74,739 shares of the company's stock valued at $1,124,000 after purchasing an additional 9,995 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Triple Flag Precious Metals by 9.0% during the 4th 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 last quarter. Raymond James Financial Inc. bought a new stake in Triple Flag Precious Metals during the 4th quarter worth about $464,000. Townsquare Capital LLC raised its holdings in Triple Flag Precious Metals by 33.3% during the 4th quarter. Townsquare Capital LLC now owns 28,501 shares of the company's stock worth $429,000 after purchasing an additional 7,118 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Triple Flag Precious Metals by 65.4% during the 4th quarter. Barclays PLC now owns 235,658 shares of the company's stock worth $3,544,000 after buying an additional 93,214 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Analysts Set New Price Targets

TFPM has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price 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. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. 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 note on Tuesday, April 22nd. CIBC restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, July 15th. Finally, TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. One 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Triple Flag Precious Metals Stock Down 3.6%

Triple Flag Precious Metals stock traded down $0.93 during trading hours on Tuesday, hitting $24.93. The stock had a trading volume of 189,301 shares, compared to its average volume of 416,032. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.16 and a beta of -0.20. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $27.17. The business's 50 day simple moving average is $24.26 and its 200-day simple moving average is $21.27.

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

Triple Flag Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.0575 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 2nd. Triple Flag Precious Metals's dividend payout ratio is 25.58%.

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.