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. trimmed its stake in Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 59.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.73% of Triple Flag Precious Metals worth $22,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Triple Flag Precious Metals by 175.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after acquiring an additional 1,208 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Triple Flag Precious Metals in the fourth quarter worth about $45,000. Drive Wealth Management LLC bought a new stake in shares of Triple Flag Precious Metals in the fourth quarter valued at approximately $175,000. XTX Topco Ltd raised its position in shares of Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock valued at $223,000 after purchasing an additional 1,238 shares during the period. Finally, Versor Investments LP lifted 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 buying an additional 3,000 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Triple Flag Precious Metals Trading Down 0.4%

Shares of TFPM traded down $0.08 during mid-day trading on Friday, reaching $19.86. 2,898,136 shares of the stock traded hands, compared to its average volume of 312,033. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -180.50, a price-to-earnings-growth ratio of 0.78 and a beta of -0.27. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $22.96. The firm has a fifty day moving average price of $20.19 and a 200 day moving average price of $17.69.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $82.25 million during 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%. On average, sell-side analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, May 30th. Triple Flag Precious Metals's dividend payout ratio (DPR) is 733.33%.

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.