Invesco Ltd. Has $13.16 Million Stake in Triple Flag Precious Metals Corp. (NYSE:TFPM)

Invesco Ltd. reduced its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 875,062 shares of the company's stock after selling 238,750 shares during the quarter. Invesco Ltd. owned about 0.43% of Triple Flag Precious Metals worth $13,161,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its position in shares of Triple Flag Precious Metals by 35.1% during the 4th quarter. Bank of Montreal Can now owns 497,084 shares of the company's stock valued at $7,460,000 after purchasing an additional 129,148 shares during the period. Geode Capital Management LLC raised its position in Triple Flag Precious Metals by 15.4% in the fourth quarter. Geode Capital Management LLC now owns 74,739 shares of the company's stock worth $1,124,000 after acquiring an additional 9,995 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Triple Flag Precious Metals by 377.2% in the fourth 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 in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Triple Flag Precious Metals by 12.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 52,794 shares of the company's stock valued at $794,000 after acquiring an additional 5,892 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Triple Flag Precious Metals during the 4th quarter valued at about $15,696,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.56 on Friday, reaching $20.74. 405,719 shares of the company's stock traded hands, compared to its average volume of 285,292. The business's 50 day moving average price is $19.12 and its two-hundred day moving average price is $17.33. The company has a market capitalization of $4.17 billion, a P/E ratio of -188.55, a price-to-earnings-growth ratio of 0.78 and a beta of -0.25. Triple Flag Precious Metals Corp. has a 12-month low of $13.94 and a 12-month high of $22.96.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $74.21 million for the quarter, compared to analysts' expectations of $74.10 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. Research analysts predict that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, March 3rd. Triple Flag Precious Metals's dividend payout ratio is currently -200.00%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday. National Bank Financial upgraded Triple Flag Precious Metals to a "strong-buy" rating in a research report on Wednesday. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Finally, Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

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.