Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM) by 51.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,125 shares of the company’s stock after purchasing an additional 4,475 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Triple Flag Precious Metals were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Tocqueville Asset Management L.P. purchased a new position in Triple Flag Precious Metals during the 3rd quarter worth approximately $134,000. Meixler Investment Management Ltd. raised its holdings in shares of Triple Flag Precious Metals by 10.6% during the third quarter. Meixler Investment Management Ltd. now owns 13,450 shares of the company’s stock worth $176,000 after purchasing an additional 1,287 shares during the last quarter. LB Partners LLC acquired a new position in Triple Flag Precious Metals during the fourth quarter valued at $198,000. Orion Portfolio Solutions LLC boosted its holdings in Triple Flag Precious Metals by 24.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,187 shares of the company’s stock valued at $198,000 after purchasing an additional 3,026 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Triple Flag Precious Metals by 50.4% during the 3rd quarter. HighTower Advisors LLC now owns 21,123 shares of the company’s stock worth $277,000 after purchasing an additional 7,079 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

TFPM opened at $16.44 on Wednesday. Triple Flag Precious Metals Corp. has a 52-week low of $11.75 and a 52-week high of $17.26. The company has a quick ratio of 3.21, a current ratio of 3.29 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $13.52. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 86.53, a PEG ratio of 2.35 and a beta of -0.12.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a net margin of 17.78% and a return on equity of 3.64%. Equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.46 earnings per share for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, March 1st. Triple Flag Precious Metals’s payout ratio is 110.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group upped their target price on Triple Flag Precious Metals from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America raised their price objective on shares of Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th.

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.