UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,764 shares of the company's stock after buying an additional 24,017 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Triple Flag Precious Metals were worth $1,275,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Triple Flag Precious Metals by 221.9% in the 4th quarter. Tidal Investments LLC now owns 1,717,347 shares of the company's stock worth $25,829,000 after purchasing an additional 1,183,827 shares in the last quarter. Norges Bank acquired a new stake in Triple Flag Precious Metals during the 4th quarter worth about $15,696,000. Arrowstreet Capital Limited Partnership lifted its position in Triple Flag Precious Metals by 377.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 908,888 shares of the company's stock worth $13,652,000 after acquiring an additional 718,408 shares during the period. Amundi acquired a new stake in Triple Flag Precious Metals during the 4th quarter worth about $8,281,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Triple Flag Precious Metals by 55.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 523,878 shares of the company's stock valued at $7,863,000 after buying an additional 186,278 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
Triple Flag Precious Metals Stock Up 2.7%
NYSE TFPM traded up $0.66 on Friday, reaching $25.15. The stock had a trading volume of 560,253 shares, compared to its average volume of 327,878. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -228.65, a P/E/G ratio of 0.78 and a beta of -0.24. Triple Flag Precious Metals Corp. has a 12-month low of $13.94 and a 12-month high of $25.43. The stock has a fifty day moving average price of $21.55 and a two-hundred day moving average price of $18.46.
Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $82.25 million for the quarter, compared to analyst estimates of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Sell-side analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current fiscal year.
Triple Flag Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio is currently 733.33%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TFPM. Jefferies Financial Group lifted their price objective on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Scotiabank restated a "sector perform" rating on shares of Triple Flag Precious Metals in a research note on Monday, April 14th. Raymond James restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Finally, National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.
Read Our Latest Report on Triple Flag Precious Metals
Triple Flag Precious Metals Company Profile
(
Free Report)
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.
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