Ninety One UK Ltd Has $22.69 Million Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Ninety One UK Ltd trimmed its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186,264 shares of the company's stock after selling 44,999 shares during the period. Ninety One UK Ltd owned 0.59% of Triple Flag Precious Metals worth $22,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TFPM. Tidal Investments LLC raised its position in shares of Triple Flag Precious Metals by 221.9% in the fourth quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after buying an additional 1,183,827 shares in the last quarter. Norges Bank bought a new stake in Triple Flag Precious Metals during the fourth quarter worth $15,696,000. Arrowstreet Capital Limited Partnership lifted its stake in Triple Flag Precious Metals by 377.2% during the fourth 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. Amundi bought a new stake in Triple Flag Precious Metals during the fourth quarter worth $8,281,000. Finally, Millennium Management LLC lifted its stake in Triple Flag Precious Metals by 104.6% during the fourth quarter. Millennium Management LLC now owns 442,678 shares of the company's stock worth $6,650,000 after purchasing an additional 226,330 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TFPM has been the subject of several recent analyst reports. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. Jefferies Financial Group upped their target price 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. Royal Bank Of Canada upped 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 note on Wednesday, June 4th. Finally, BMO Capital Markets downgraded shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Triple Flag Precious Metals currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Triple Flag Precious Metals Stock Up 1.2%

Shares of NYSE:TFPM traded up $0.29 during trading on Friday, hitting $23.57. 543,725 shares of the company were exchanged, compared to its average volume of 343,635. The business's 50 day moving average is $22.90 and its 200-day moving average is $19.63. The company has a market capitalization of $4.73 billion, a P/E ratio of 785.67, a price-to-earnings-growth ratio of 1.08 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 1-year low of $13.94 and a 1-year high of $25.45.

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, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $82.25 million during the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a net margin of 1.71% and a return on equity of 7.69%. As a group, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.055 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.93%. Triple Flag Precious Metals's payout ratio is 733.33%.

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.