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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC lifted its position in shares of Triple Flag Precious Metals by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 101,856 shares of the company's stock worth $1,957,000 after purchasing an additional 2,200 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Triple Flag Precious Metals by 307.7% in the first quarter. Intact Investment Management Inc. now owns 106,000 shares of the company's stock worth $2,028,000 after purchasing an additional 80,000 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Triple Flag Precious Metals by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 32,577 shares of the company's stock worth $489,000 after purchasing an additional 1,101 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Triple Flag Precious Metals by 339.8% in the fourth quarter. Toronto Dominion Bank now owns 65,977 shares of the company's stock worth $991,000 after purchasing an additional 50,977 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $255,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Down 1.1%

TFPM stock traded down $0.26 during midday trading on Thursday, hitting $23.26. 414,462 shares of the company traded hands, compared to its average volume of 342,296. Triple Flag Precious Metals Corp. has a twelve month low of $13.94 and a twelve month high of $25.45. The business has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $19.54. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 775.33, a price-to-earnings-growth ratio of 1.12 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. The company had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. Equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TFPM. Royal Bank Of Canada increased their price target on shares of 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 shares of Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. TD Securities reaffirmed a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. BMO Capital Markets lowered shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.