Triple Flag Precious Metals Corp. $TFPM Shares Sold by Amundi

Amundi cut its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 90.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,999 shares of the company's stock after selling 437,535 shares during the quarter. Amundi's holdings in Triple Flag Precious Metals were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of Triple Flag Precious Metals in the 1st quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its position in Triple Flag Precious Metals by 120.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,217 shares of the company's stock valued at $40,000 after buying an additional 664 shares during the period. Fiduciary Financial Advisors purchased a new stake in Triple Flag Precious Metals during the 2nd quarter worth about $47,000. Evelyn Partners Asset Management Ltd increased its stake in shares of Triple Flag Precious Metals by 33.3% during the first quarter. Evelyn Partners Asset Management Ltd now owns 4,000 shares of the company's stock worth $139,000 after buying an additional 1,000 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Triple Flag Precious Metals in the first quarter valued at approximately $184,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Triple Flag Precious Metals Trading Down 3.5%

Shares of TFPM opened at $32.60 on Tuesday. The stock's 50 day moving average is $31.19 and its two-hundred day moving average is $32.49. The firm has a market capitalization of $6.72 billion, a PE ratio of 16.38, a P/E/G ratio of 2.99 and a beta of -0.15. Triple Flag Precious Metals Corp. has a twelve month low of $26.61 and a twelve month high of $41.70.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Triple Flag Precious Metals had a return on equity of 14.09% and a net margin of 84.32%.The firm had revenue of $129.20 million during the quarter, compared to analysts' expectations of $129.20 million. On average, sell-side analysts predict that Triple Flag Precious Metals Corp. will post 1.43 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.06 per share. The ex-dividend date is Monday, August 31st. This is an increase from Triple Flag Precious Metals's previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 0.7%. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 12.06%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded Triple Flag Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Canaccord Genuity Group upgraded shares of Triple Flag Precious Metals from a "hold" rating to a "buy" rating in a research report on Friday, June 12th. Bank of America decreased their price objective on shares of Triple Flag Precious Metals from $39.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. BMO Capital Markets reiterated a "market perform" rating on shares of Triple Flag Precious Metals in a research note on Friday, June 12th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Triple Flag Precious Metals in a report on Wednesday, September 9th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Triple Flag Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $38.67.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a precious-metals streaming and royalty company. It provides financing to mining companies in exchange for the right to purchase a portion of future metal production at predetermined prices or to receive revenue-based payments from mining operations.

The company's portfolio is primarily focused on gold and silver, with additional exposure to other metals produced as byproducts of its investments. Its interests span a range of mining assets and projects in jurisdictions including North America, South America, Australia and Africa.

Triple Flag was established in 2016 and is headquartered in Toronto, Canada.

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