TD Asset Management Inc Boosts Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Key Points

• TD Asset Management Inc increased its holdings in Triple Flag Precious Metals Corp. by 3.4%, owning 513,020 shares worth approximately $9.81 million as of the latest SEC filing.
• The majority of Triple Flag Precious Metals' stock, about 82.91%, is currently owned by institutional investors, with various firms like Principal Street Partners LLC and Mackenzie Financial Corp also increasing their positions.
• Analysts have mixed views on the stock, with ratings varying from "strong buy" to "market perform" and an average target price set at $24.00.

TD Asset Management Inc increased its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 513,020 shares of the company's stock after buying an additional 16,703 shares during the period. TD Asset Management Inc owned 0.26% of Triple Flag Precious Metals worth $9,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake in Triple Flag Precious Metals by 221.9% during the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock valued at $25,829,000 after purchasing an additional 1,183,827 shares during the last quarter. Norges Bank purchased a new stake in Triple Flag Precious Metals during the 4th quarter valued at $15,696,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Triple Flag Precious Metals by 377.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after buying an additional 718,408 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Triple Flag Precious Metals by 104.6% in the 4th quarter. Millennium Management LLC now owns 442,678 shares of the company's stock worth $6,650,000 after buying an additional 226,330 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Triple Flag Precious Metals by 56.6% in the 4th quarter. Two Sigma Advisers LP now owns 436,100 shares of the company's stock worth $6,559,000 after buying an additional 157,700 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TFPM. TD Securities restated a "buy" rating on shares of Triple Flag Precious Metals in a research note on Tuesday, June 24th. BMO Capital Markets cut Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Royal Bank Of Canada raised their target price 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, Wall Street Zen cut Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Triple Flag Precious Metals presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Triple Flag Precious Metals Stock Up 1.8%

NYSE:TFPM traded up $0.44 on Tuesday, reaching $24.31. 183,700 shares of the company's stock traded hands, compared to its average volume of 398,080. The stock has a 50-day simple moving average of $23.69 and a 200-day simple moving average of $20.57. The firm has a market cap of $5.02 billion, a PE ratio of 810.67, a P/E/G ratio of 1.04 and a beta of -0.20. Triple Flag Precious Metals Corp. has a 12 month low of $14.20 and a 12 month high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $82.25 million during the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. On average, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share 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. Investors of record on Friday, May 30th were given a $0.055 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 0.9%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 733.33%.

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.