Hara Capital LLC Sells 20,121 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

Hara Capital LLC cut its position in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 54.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,819 shares of the company's stock after selling 20,121 shares during the quarter. Hara Capital LLC's holdings in Triple Flag Precious Metals were worth $322,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TFPM. Alps Advisors Inc. acquired a new stake in shares of Triple Flag Precious Metals in the first quarter valued at about $779,000. Goehring & Rozencwajg Associates LLC increased its stake 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 valued at $1,957,000 after buying an additional 2,200 shares during the period. Intact Investment Management Inc. increased its stake 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 valued at $2,028,000 after buying an additional 80,000 shares during the period. Mackenzie Financial Corp increased its stake 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 valued at $489,000 after buying an additional 1,101 shares during the period. Finally, Toronto Dominion Bank grew its stake in Triple Flag Precious Metals by 339.8% during 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 during the period. 82.91% of the stock is currently owned by institutional investors.

Triple Flag Precious Metals Stock Performance

Shares of Triple Flag Precious Metals stock traded up $0.29 during midday trading on Friday, hitting $23.57. The company had a trading volume of 543,725 shares, compared to its average volume of 343,635. The stock has a market capitalization of $4.73 billion, a P/E ratio of 785.67, a P/E/G ratio of 1.08 and a beta of -0.20. The company has a 50 day moving average of $22.90 and a 200 day moving average of $19.66. Triple Flag Precious Metals Corp. has a 52-week low of $13.94 and a 52-week high of $25.45.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly 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. The company had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a return on equity of 7.69% and a net margin of 1.71%. 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. Investors of record on Friday, May 30th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.93%. Triple Flag Precious Metals's payout ratio is currently 733.33%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Jefferies Financial Group increased their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Raymond James Financial reiterated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Thursday. Finally, Royal Bank Of Canada increased their price target 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. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.