Triple Flag Precious Metals Corp. (NYSE:TFPM) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report) by 40.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,773 shares of the company’s stock after selling 167,863 shares during the quarter. TD Asset Management Inc owned about 0.12% of Triple Flag Precious Metals worth $3,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JARISLOWSKY FRASER Ltd raised its holdings in shares of Triple Flag Precious Metals by 7.0% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 294,900 shares of the company’s stock worth $3,945,000 after buying an additional 19,189 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Triple Flag Precious Metals during the fourth quarter worth about $209,000. Beutel Goodman & Co Ltd. boosted its position in Triple Flag Precious Metals by 45.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,482,110 shares of the company’s stock valued at $33,205,000 after buying an additional 776,130 shares during the last quarter. Norges Bank acquired a new position in Triple Flag Precious Metals in the 4th quarter worth approximately $14,035,000. Finally, Montrusco Bolton Investments Inc. raised its position in Triple Flag Precious Metals by 59.5% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 874,961 shares of the company’s stock worth $11,705,000 after buying an additional 326,357 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Triple Flag Precious Metals Stock Performance

Triple Flag Precious Metals stock opened at $16.06 on Friday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 84.53, a price-to-earnings-growth ratio of 1.01 and a beta of -0.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a 50 day simple moving average of $16.20 and a 200-day simple moving average of $14.15. Triple Flag Precious Metals Corp. has a 1-year low of $11.75 and a 1-year high of $18.08.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $57.53 million during the quarter. Triple Flag Precious Metals had a return on equity of 4.17% and a net margin of 17.59%. On average, analysts expect that Triple Flag Precious Metals Corp. will post 0.47 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, May 31st. Triple Flag Precious Metals’s dividend payout ratio is presently 110.53%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TFPM. Scotiabank increased their price objective on shares of Triple Flag Precious Metals from $19.00 to $20.50 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Jefferies Financial Group lifted their target price on shares of Triple Flag Precious Metals from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Bank of America increased their price target on Triple Flag Precious Metals from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 target price (up previously from $15.00) on shares of Triple Flag Precious Metals in a research report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.83.

Read Our Latest Stock Analysis on TFPM

About Triple Flag Precious Metals

(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.

See Also

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Institutional Ownership by Quarter for Triple Flag Precious Metals (NYSE:TFPM)

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