MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 173,881 Shares of Triple Flag Precious Metals Corp. $TFPM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its ownership in Triple Flag Precious Metals Corp. by 11.8%, owning approximately 1,648,973 shares valued at $31.54 million.
• Triple Flag Precious Metals recently announced a quarterly dividend increase to $0.0575, representing a 0.8% yield, compared to the previous dividend of $0.06.
• The company's stock, with a market capitalization of $5.83 billion, reported a quarterly EPS of $0.24, exceeding analyst expectations of $0.21.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,648,973 shares of the company's stock after purchasing an additional 173,881 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.82% of Triple Flag Precious Metals worth $31,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PDT Partners LLC bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $250,000. Vident Advisory LLC raised its holdings in shares of Triple Flag Precious Metals by 95.1% in the 1st quarter. Vident Advisory LLC now owns 46,136 shares of the company's stock worth $884,000 after purchasing an additional 22,486 shares in the last quarter. Pale Fire Capital SE bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $278,000. Jump Financial LLC bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $435,000. Finally, SVB Wealth LLC bought a new stake in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $34,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TFPM shares. TD Securities reissued a "buy" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, June 24th. Royal Bank Of Canada lifted their target price 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. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Price Performance

TFPM traded down $0.38 on Friday, reaching $28.50. 216,336 shares of the company traded hands, compared to its average volume of 438,395. The stock's 50 day moving average price is $25.30 and its 200-day moving average price is $22.47. Triple Flag Precious Metals Corp. has a 52-week low of $14.51 and a 52-week high of $29.25. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.25 and a beta of -0.19.

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

Triple Flag Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. Triple Flag Precious Metals's payout ratio is presently 26.74%.

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.