MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 2,161,534 Shares of Triple Flag Precious Metals Corp. (NYSE:TFPM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,475,092 shares of the company's stock after selling 2,161,534 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.73% of Triple Flag Precious Metals worth $22,154,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after buying an additional 1,208 shares during the last quarter. XTX Topco Ltd boosted its position in Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after purchasing an additional 1,238 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Triple Flag Precious Metals by 8.4% during the 4th quarter. HighTower Advisors LLC now owns 31,432 shares of the company's stock valued at $473,000 after purchasing an additional 2,447 shares during the period. Versor Investments LP grew its stake in shares of Triple Flag Precious Metals by 19.7% during the 4th quarter. Versor Investments LP now owns 18,204 shares of the company's stock valued at $273,000 after purchasing an additional 3,000 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Triple Flag Precious Metals during the 4th quarter valued at about $45,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Trading Up 0.5%

Triple Flag Precious Metals stock traded up $0.11 during mid-day trading on Tuesday, hitting $20.45. The stock had a trading volume of 106,525 shares, compared to its average volume of 367,169. Triple Flag Precious Metals Corp. has a one year low of $13.94 and a one year high of $22.96. The firm has a market capitalization of $4.11 billion, a P/E ratio of -185.87, a P/E/G ratio of 0.78 and a beta of -0.27. The firm's 50 day moving average is $20.23 and its 200 day moving average is $17.71.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. As a group, equities research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current 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 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, May 30th. Triple Flag Precious Metals's payout ratio is currently 733.33%.

Analysts Set New Price Targets

TFPM has been the topic of a number of research reports. National Bank Financial raised shares of Triple Flag Precious Metals to a "strong-buy" rating in a report on Wednesday, April 23rd. Scotiabank reissued a "sector perform" rating on shares of Triple Flag Precious Metals in a research report on Monday, April 14th. BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research note on Wednesday, April 23rd. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Finally, Jefferies Financial Group upped their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.00.

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.