American Century Companies Inc. Invests $2.39 Million in Triple Flag Precious Metals Corp. (NYSE:TFPM)

American Century Companies Inc. purchased a new position in Triple Flag Precious Metals Corp. (NYSE:TFPM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 154,020 shares of the company’s stock, valued at approximately $2,389,000. American Century Companies Inc. owned about 0.08% of Triple Flag Precious Metals at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TFPM. Sunbelt Securities Inc. grew its stake in shares of Triple Flag Precious Metals by 112.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,604 shares of the company’s stock valued at $110,000 after purchasing an additional 4,029 shares during the period. Versor Investments LP bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at approximately $160,000. CIBC Asset Management Inc bought a new position in shares of Triple Flag Precious Metals during the 2nd quarter valued at approximately $179,000. Meixler Investment Management Ltd. lifted its holdings in Triple Flag Precious Metals by 12.0% in the 1st quarter. Meixler Investment Management Ltd. now owns 16,325 shares of the company’s stock worth $236,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Triple Flag Precious Metals in the 1st quarter worth approximately $364,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Triple Flag Precious Metals Stock Down 5.3 %

Triple Flag Precious Metals stock opened at $16.46 on Friday. The stock has a market capitalization of $3.32 billion, a PE ratio of 86.64, a price-to-earnings-growth ratio of 1.02 and a beta of -0.13. Triple Flag Precious Metals Corp. has a 12 month low of $11.75 and a 12 month high of $18.08. The business has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $15.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.80 and a quick ratio of 5.59.

Triple Flag Precious Metals (NYSE:TFPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $63.58 million for the quarter. Triple Flag Precious Metals had a positive return on equity of 4.73% and a negative net margin of 40.62%. On average, analysts anticipate that Triple Flag Precious Metals Corp. will post 0.52 EPS for the current fiscal year.

Triple Flag Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.34%. Triple Flag Precious Metals’s dividend payout ratio is presently 115.80%.

Analysts Set New Price Targets

TFPM has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Triple Flag Precious Metals from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Scotiabank increased their target price on Triple Flag Precious Metals from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

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.