Ninety One UK Ltd Sells 44,999 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Ninety One UK Ltd reduced its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Triple Flag Precious Metals by 65.4% in the fourth quarter. Barclays PLC now owns 235,658 shares of the company's stock valued at $3,544,000 after purchasing an additional 93,214 shares in the last quarter. Bank of America Corp DE raised its holdings in Triple Flag Precious Metals by 43.2% during the fourth quarter. Bank of America Corp DE now owns 381,554 shares of the company's stock worth $5,739,000 after acquiring an additional 115,103 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Triple Flag Precious Metals during the fourth quarter worth about $464,000. Public Employees Retirement System of Ohio bought a new stake in Triple Flag Precious Metals during the fourth quarter worth about $255,000. Finally, Renaissance Technologies LLC increased its position in Triple Flag Precious Metals by 9.0% during the fourth quarter. Renaissance Technologies LLC now owns 98,900 shares of the company's stock worth $1,487,000 after buying an additional 8,200 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.27 during trading on Thursday, hitting $23.25. The company had a trading volume of 207,573 shares, compared to its average volume of 341,705. The firm has a market capitalization of $4.67 billion, a P/E ratio of 776.50, a price-to-earnings-growth ratio of 1.10 and a beta of -0.20. The stock's 50-day moving average price is $22.79 and its 200 day moving average price is $19.48. Triple Flag Precious Metals Corp. has a one year low of $13.94 and a one year high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping 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 firm had revenue of $82.25 million during the quarter, compared to analysts' expectations of $72.14 million. On average, research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced 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. This represents a $0.22 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 30th. Triple Flag Precious Metals's payout ratio is presently 733.33%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TFPM. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday, April 23rd. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Jefferies Financial Group boosted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. BMO Capital Markets downgraded Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada upped their target price on Triple Flag Precious Metals from $19.00 to $23.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.