Sprott Inc. Trims Stock Position in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Sprott Inc. has reduced its stake in Triple Flag Precious Metals Corp. by 1.7%, now owning 787,094 shares worth approximately $15,070,000.
• The company recently announced a quarterly dividend increase to $0.0575 per share, up from the previous $0.06, resulting in a 0.9% yield.
• Triple Flag Precious Metals reported a net margin of 53.11% with $0.24 earnings per share, exceeding the consensus estimate, in its latest earnings announcement.

Sprott Inc. reduced its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 787,094 shares of the company's stock after selling 13,987 shares during the period. Sprott Inc. owned approximately 0.39% of Triple Flag Precious Metals worth $15,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at about $134,000. Quantbot Technologies LP grew its position in shares of Triple Flag Precious Metals by 1,258.9% during the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock valued at $180,000 after acquiring an additional 8,699 shares during the period. Prospect Financial Group LLC acquired a new stake in shares of Triple Flag Precious Metals during the 1st quarter valued at about $217,000. XTX Topco Ltd grew its position in shares of Triple Flag Precious Metals by 9.1% during the 4th quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after acquiring an additional 1,238 shares during the period. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Triple Flag Precious Metals during the 1st quarter valued at about $239,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Stock Down 0.5%

TFPM traded down $0.13 during trading on Wednesday, reaching $26.36. The company's stock had a trading volume of 138,908 shares, compared to its average volume of 417,623. The firm has a fifty day simple moving average of $24.43 and a two-hundred day simple moving average of $21.63. Triple Flag Precious Metals Corp. has a 1 year low of $14.51 and a 1 year high of $27.17. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.16 and a beta of -0.20.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share 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 business had revenue of $94.09 million for the quarter, compared to analyst estimates of $82.76 million. As a group, equities analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current fiscal year.

Triple Flag Precious Metals Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Raymond James Financial restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. CIBC reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Tuesday, July 15th. Royal Bank Of Canada lifted their price objective on Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. 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's stock. Based on data from MarketBeat.com, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and an average target price of $24.00.

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.